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February 7, 2020

Should I Worry About PFAS?

By Partner ESI

Some CRE Markets Might Be Impacted by Growing Issue

PFAS is currently a hot topic in the environmental community, and with the help of a few high-profile corporate lawsuits and the film “Dark Waters,” has gained more widespread publicity. On December 2, 2019, the US House Committee on Energy and Commerce passed the PFAS Action Act of 2019 (H.R. 535), which, if approved by the Senate, would officially designate all PFAS compounds as pollutants under the Environmental Protection Agency’s Clean Air Act and as hazardous substances under the Clean Water Act, and therefore subject to all appropriate inquires during due diligence. What does all of this mean for you, your existing property or investment, and your environmental responsibility? Is it the end of the world if PFAS is found on your property?

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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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