An Effective Environmental Due Diligence Report for Low-Risk Commercial Properties
Does your commercial real estate property require additional environmental assessment?
Determining where to go next can be a frustrating experience and could increase wait times and your client’s out-of-pocket expenses. An Environmental Transaction Screen (ETS) could be the answer. An ETS is a lower-cost, faster alternative to a Phase I Environmental Site Assessment (ESA). Ordering an ETS provides thorough environmental site assessment while insuring your CRE transaction proceeds smoothly.
What is the difference between an ETS report and Phase I ESA?
An ETS is a limited-scope environmental analysis intended to identify Potential Environmental Concerns in general accordance with ASTM Standard Guidance E1528-14. Environmental Transaction Screens are commonly performed for commercial real estate and recommended for commercial properties where few risks from surrounding properties are anticipated.
Effective Reports for Low-Risk Properties
Does your commercial real estate property require additional environmental assessment?
Determining where to go next can be a frustrating experience and could increase wait times and your client’s out-of-pocket expenses. An Environmental Transaction Screen (ETS) could be the answer. An ETS is a lower-cost, faster alternative to a Phase I Environmental Site Assessment (ESA). Ordering an ETS provides thorough environmental site assessment while insuring your CRE transaction proceeds smoothly.
What is the difference between an ETS report and Phase I ESA?
An ETS is a limited-scope environmental analysis intended to identify Potential Environmental Concerns in general accordance with ASTM Standard Guidance E1528-14. Environmental Transaction Screens are commonly performed for commercial real estate and recommended for low-risk properties where few risks from surrounding properties are anticipated.
An ETS can satisfy conventional loan requirements because it follows ASTM E1528-14. Unlike a Phase I ESA, an ETS does not require analysis of the historical land use of adjacent properties. For certain properties, these limitations on the scope of a Phase I ESA strike the perfect balance between the need for rigorous environmental due diligence and the need to keep transaction costs and times down. Please note the ETS does not meet the all-appropriate inquiry requirement of the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) and is therefore not eligible for the liability limitations the Act provides for.
An ETS can satisfy conventional loan requirements because it follows ASTM E1528-14. Unlike a Phase I ESA, an ETS does not require analysis of the historical land use of adjacent properties. For certain properties, these limitations on the scope of a Phase I ESA strike the perfect balance between the need for rigorous environmental due diligence and the need to keep transaction costs and times down. Please note the ETS does not meet the all-appropriate inquiry requirement of the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) and is therefore not eligible for the liability limitations the Act provides for.
Environmental Transaction Screen Cost-Effective Solutions
Ordering an Environmental Transaction Screen (ETS) provides thorough environmental site assessments while ensuring your Commercial Real Estate transaction proceeds smoothly.
Specifications
Download a Sample
Environmental Transaction Screen Cost-Effective Solutions
Ordering an Environmental Transaction Screen (ETS) provides thorough environmental site assessments while ensuring your Commercial Real Estate transaction proceeds smoothly.
Specifications
Download a Sample
Products & Services
Stay Up-to-Date on CRE Industry News, Services, and Technology
Product: EnviroScreenPRO
Environmental Transaction Screen
