SERVICES
Environmental Due Diligence
Phase I Environmental Site Assessments (Phase I ESA) are an important risk management tool during commercial real estate transactions. Phase I ESAs are our core environmental expertise. Ovision fully understands how the Phase I Environmental Site Assessment Report is used in the commercial and multi-family real estate industry. Ovision provides Phase I ESA reports throughout the United States, Canada, Mexico and Europe for U.S. based commercial real estate lenders and those based outside of the U.S.
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 of any type. Whether the property is industrial, commercial, mixed-use, multifamily, Ovision is able to fully assess the historical and current uses of the property. Ovision is truly an expert at the implementation of the ASTM E1527-13 Standard. Our Phase I Environmental Site Assessments are done by environmental professionals who meet the requirements of the EPA’s AAI Standard.
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 and provided specific scope requirements for a Phase I ESA to meet the requirements of CERCLA’s innocent land owner defense.
In Ovision’s environmental risk practice, we help buyers meet the legal requirements for the CERCLA innocent landowner defense and we provide practical business advice on environmental liability to our clients.
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