''The process of inquiring into the environmental characteristics of a parcel of commercial real estate or other conditions, usually in connection with a commercial real estate transaction. The degree and kind of due diligence vary for different properties and differing purposes.'' - ASTM E 1527-13 Standard
Environmental due diligence practices are necessary for assessing your property. Here at ProTec, we deliver accurate detailed reports. We are focused on keeping you connected throughout the process by answering your questions and providing project updates as our findings come in. Our due diligence practices protect your investment and we work with you to determine the action that best meets your needs.
phase I Environmental Assessment
ProTec's Phase I Environmental Assessments (ESAs) practice is the core of our work. Our Phase I ESAs help secure your investment by examining possible Recognized Environmental Conditions and providing you with a clearly written and comprehensive report. Your report will consist of:
- Historical Review - ProTec obtains historical information from a variety of sources and reviews past land use which may impact the property
- Local Records Review - ProTec researches city, county, state and federal records to identify past and present uses of the property and adjacent areas
- Regulatory Review - ProTec reviews Federal and State regulatory database records to determine if there have been any releases or significant hazardous material use on the property or adjacent areas
- Interviews - ProTec meets with property owners, site managers and government officials to determine past and present operations of the property
- Site Reconnaissance - ProTec examines the property for possible environmental liabilities that may have resulted from the on-site operations and/or building systems as well as land use in the surrounding area
ProTec Phase I Environmental Assessments are compliant with the current ASTM E 1527-13 Standard, United States Small Business Administration Standard Operating Procedure 5010-5 (J) and the United States Comprehensive Environmental RLIS All Appropriate Inquiry Rule CFR 422.
phase II Environmental Assessment
When a Recognized Environmental Condition (REC) is discovered, a Phase II Subsurface Investigation may be recommended. Our experienced staff determines appropriate investigation methods of a known environmental concern and/or if an identified REC poses a real liability to your property. ProTec performs Phase II's services for:
- Soil and Ground Water Investigations
- Hazardous Vapor Investigation
- Periodic Ground Water Monitoring
- Soil Excavation and Disposal
- Above and/or Underground Storage Tank Removals
Environmental Transaction Screen
An Environmental Transaction Screen (ETS) is a limited due diligence report used for evaluating environmental liabilities at properties that are small cap loans or considered to be lower risk. A ProTec ETS consists of:
- Site Reconaissance
- ETS Historical Review
- Regulatory Review
- ASTM ETS Questionairre
Unlike a Phase I ESA, the Environmental Transaction Screen does not meet the requirements of the EPA’s All Appropriate Inquiry and will not offer the user protection from CERCLA liability.
ProTec's Environmental Transaction Screens are compliant with the most current ASTM E1528-14 Standard.