Whether it’s an urban or rural property, actively operated or abandoned, formerly commercial, a farm field or a heavy industrial site, Congress said that if you purchase the real estate, you purchase its environmental liability. Clearly, avoiding risk is an obvious goal. Less obvious is the goal of finding value in real estate that has a history, or perceived history, of negative environmental impact, whether due to pollution on the site or a problem on neighboring land.
From the business point of view, VADOSE understands that lost opportunity can be as damaging as failure to understand the key environmental issues at the time of purchase. For the past 30 years, VADOSE has helped Clients avoid problems by means including:
- Identifying “recognized environmental conditions” as defined by ASTM that would have been missed by those without broad spectrum knowledge of historical industrial processes;
- Identifying non-ASTM issues, e.g. underground mines and compressible soils, that would have severely compromised the value proposition of the acquision;
- Recommending constructive changes to the transaction, e.g. redefining the boundary of real estate, thereby reducing risk to the purchaser; and
- Working closely with legal counsel representing the purchaser, modifying the time line for subsequent acquisition.
VADOSE also finds value in creative ways such as:
- Analysis of prior Environmental Site Assessments (Phase I, Phase II) and refuting prior negative opinions not based in fact or having basis on a regulation inappropriately referenced;
- Identification of alternative corrective actions at a cost less than the delta between discounted and fair market value;
- Working closely with legal counsel representing the purchaser to evaluate means for aggregating properties to result in a tract having greater value per acre.
Real estate value can be based on more than “location, location, location” – VADOSE helps avoid risk and find value for the transaction that less insightful professionals may miss.
Real Estate Services Include:
- Environmental site assessments (Phase I, II and III)
- Environmental risk mitigation strategies in connection with real estate transactions
- Risk assessments
- Baseline ecological risk assessments
- Remediation cost/benefit target levels and clean closure certifications
- Vapor intrusion assessments and corrective actions
- In situ remediation of hazardous waste and petroleum products
- Soil gas surveys
- Engineering controls to mitigate exposure to chemicals of concern
- Wetlands delineations and permitting
- Asbestos audits and OSHA compliance plans