Environmental Due Diligence

The most common level of due diligence in property transactions is a Phase I Environmental Site Assessment. The Phase I Environmental Site Assessment is primarily conducted to reduce potential liability associated with environmental contamination of real property based upon Federal laws. The U.S. EPA recently defined the language that constitutes an All Appropriate Inquiry (AAI), which is now the industry standard.

Ceres Associates’ Phase I Environmental Site Assessment reports are presented in a professional and easy-to-read format, and exceed current industry standards. Ceres Associates staff is available to each client to discuss the reports should questions or site concerns be found. Ceres recommends that Phase I Environmental Site Assessments be conducted prior to all industrial, commercial, and multifamily real estate purchases and foreclosures in order to eliminate costly surprises later.