Phase I Environmental Site Assessments

Environmental Due Diligence
Phase I Environmental Site Assessments are the central product in Partner’s Environmental Due Diligence practice. Phase I’s are our core environmental expertise.

Phase I Environmental Site Assessment

A Phase I Environmental Site Assessment is the gold standard for evaluating the environmental liability associated with a real estate asset. Partner is truly an expert at the implementation of the ASTM 1527-2000 and ASTM 1527-2005 standards. Our Phase Is are done by Environmental Professionals who meet the requirements of the EPA’s new AAI Standard.

Our experience in Phase Is dates back to before the creation of the ASTM Standards. Having performed Phase Is on tens of thousands of properties, we offer our clients a perspective on every property type.

“All Appropriate Inquiries” Rule

The EPA’s All Appropriate Inquiries Rule governing the scope of Phase I Environmental Site Assessments went into effect on November 1, 2006. The real estate industry’s response was mixed, with some lenders adopting the new standard and other lenders holding on to the ASTM 1527-2000.

Partner is providing both types of reports to the industry. Our key executives have been instrumental in instructing lenders by speaking at conferences and conducting seminars on the advantages of the new AAI Standard.

Phase I Scope:

Site Visit

Inspection of the Site by an Experienced Inspector

Catalog the Presence of Hazardous Materials or Petroleum Products

Historical Research

Historical Aerial Photographs
Reverse Street Directories

Building Permits

Planning Records

Topographical Maps

Sanborn Fire Insurance Maps

Department of Oil and Gas Maps

Title Information

Geology and Hydrogeology

Soil Type

Geological Setting

Groundwater Depth

Regulator Research

Fire Departments

State Environmental Agencies

Federal Environmental Agencies

Interviews and Document Review

Interview Tenants and Owners

Interview State and Local Regulators

Review Provided Reports

Limited Environmental Due Diligence Products
While the Phase I is clearly the standard for environmental due diligence, many lenders have come to rely on limited products as business decision tools. These limited products are often used for low risk assets or low dollar transactions. Partner has a wide variety of products that will help our clients achieve their goals and understand environmental risk.

		Environmental Transaction Screen Environmental Transaction Screens are the most widely accepted limited product and are typically done to meet the requirements of ASTM 1528-06.
		Limited Environmental Site Assessment The scope and price of a Limited Environmental Site Assessment is between the Phase I and the Transaction Screen. The scope is usually customized, designed to meet the lender’s specific requirements.
		Environmental Historical Report This very economical report provides great value for low risk asset types. The Environmental Historical Report accesses many of the same historical resources as in a Phase I to assure the lender or investor that the site has always been low risk.
		Environmental Database Partner orders a database report and reviews the report for the lender. Our client’s can take advantage of our purchasing power on the database product and save time by having an environmental professional review the database.
		Custom Products Partner is capable of designing any scope that a client needs to address their specific concerns.

Mexico Due Diligence work Fannie Mae and Freddie Mac Due Diligence work