Environmental Site Assessments
Acer routinely assists our client in completing their environmental due diligence requirements for real estate transactions. Acer performs Environmental Site Assessments (ESAs) including Phase I ESAs, Phase II ESAs for banks, lenders, insurance companies, wireless telecommunications providers, and commercial and industrial developers. These assessments range from a individual properties to large portfolios.
Phase I ESAs
Acer's Phase I ESAs are a thorough investigation of a property, modeled in accordance with the ASTM "Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process," (ASTM E1527) and EPA's All Appropriate Inquiry (AAI) rule (40 CFR, Part 32) and designed to satisfy due diligence requirements/all appropriate inquiries for CERCLA Landowner Liability Protections. In New Jersey, these reports may be modified to comply with the NJDEP Technical Requirements for Site Remediation, ISRA, and child care facilities. The final report details the information gathered during the investigation, identifies recognized environmental conditions (RECs), and makes recommendations. Cost estimates may be provided should any further investigation and/or remediation be required in order for the client to make an informed real estate decision.
FEATURED PROJECT PROFILE:
AT&T, Northeast & Midatlantic Regions
ACER routinely performs environmental site assessments (ESAs) on proposed and existing telecommunication sites for AT&T. These ESAs are performed on a wide range of properties, including apartment buildings, industrial complexes, water tanks, tower farms, and...
Transaction Screens identify suspected hazardous substances in accordance with the ASTM "Standard Practice for Limited Environmental Due Diligence: Transaction Screen Process" (ASTM E1528). Acer's Transaction Screens offer clients a valuable assessment of environmental conditions on a property when the user may not be seeking CERCLA Landowner Liability Protections.
Phase II ESAs
The primary objective of a Phase II is to investigate the existence, location, and severity of recognized environmental condition(s) or other potential environmental concerns. These services include, but are not limited to UST investigations, asbestos and lead surveys, mold inspections, and subsurface investigations.