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July 7, 2014

Making Sense of Metadata In Phase II ESAs

By Partner ESI

METADATA IS CRITICAL TO UNDERSTAND ENVIRONMENTAL SOILS INFO AND DETERMINE THE VIABILITY OF AN INVESTMENT

Metadata can lead you to the best restaurant in town, and it’s also critical to understand environmental soils information and determine the viability of a real estate investment.

Before I dive into the ‘dirty details’ of environmental soils data in Phase II Environmental Site Assessments, let me first explain Metadata. Metadata, or data about data, is used to describe the thought process and meaning behind raw information. Simply, it is often nothing more than explanatory text. For example, a database may hold a set of coordinates for a point on the earth’s surface. Maybe the point represents the location of your favorite downtown restaurant. The metadata text will tell you how the coordinate data was collected, in what geographic coordinate system, and by whom. (Unfortunately though, it probably won’t tell you that the service is terrible on Friday nights and that they pour the cheap stuff in your top-shelf martini – you’re on your own there.)

Continue reading the GlobeSt blog here.

About the Authors

Partner ESI

Partner ESI

Founded in 2007, Partner Engineering and Science Inc., is the leading provider of engineering, environmental, energy, and construction consulting for the commercial real estate (CRE) industry. Touching 1 in 5 CRE transactions in the U.S., Partner is widely recognized as the largest and best provider of third-party physical due diligence reports, including Phase I Environmental Site Assessments, Property Condition Assessments, Seismic Risk Assessments, Zoning Reports, ALTA Land Title Surveys, and Construction Risk Management. Partner’s connectedness to the CRE market gives it an unparalleled view into CRE trends and risk management insights. Partner also provides a full suite of consulting services to support the entire real estate lifecycle, including: Geotechnical Consulting; Building Systems Consulting; Capital Management and Project Implementation Support; Environmental Health & Safety Consulting; Energy, Sustainability & Resilience Consulting; and Site Civil Engineering. With a responsive approach scaled for speed and agility, Partner helps clients manage risk, make smart investments, optimize asset performance, and win at their real estate investment strategies. Based in Torrance, Calif., Partner has over 1,400 employees in 40 offices around the globe.

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