Due Diligence
Enviropro provides ASTM-E1527-13 and similar Phase I Environmental Site Assessments and related transaction screens that are required by lenders in a property transaction and financing. The purpose of a Phase I ESA is to identify Recognized Environmental Conditions (RECs) associated with a parcel of commercial real estate. A REC is defined by ASTM as “the presence or likely presence of any hazardous substances or petroleum products on a property under conditions that indicate an existing release, a past release, or a material threat of a release of any hazardous substances or petroleum products into structures on the property or into the ground, groundwater, or surface water of the property.”
A Phase II Environmental Site Assessment is often warranted when a Phase I ESA identifies a Recognized Environmental Condition, requiring further investigation. The purpose of a Phase II ESA is to confirm or deny the presence of chemicals of concern in the environment. The Phase II ESA involves the sampling and laboratory analysis of soil and/or groundwater. The analytical testing results are compared to regulatory limits and criteria established by the applicable government agency.
Enviropro provides Property Condition Assessments (PCAs) on a variety of commercial structures as a part of property transaction. PCAs are conducted in accordance with the ASTM E 2018-15 guidance document. During property transaction, PCAs are conducted simultaneously with a Phase I ESA.
- Transaction Screens
- Desktop Reviews of Regulatory Records
- Asbestos Containing Material (ACM) Surveys
- Lead based Paint (LBP) Surveys
- Indoor Air Quality (IAQ) Surveys