Due Diligence for Property Acquisitions

30 Pages·2014·2.47 MB·English

Due Diligence for

Property Acquisitions
Presenters:
Mary Guinee – Principal, Due Diligence Services
Ray Sinagra, AIA – Sr. Project Manager,
Property Condition Assessment Services
April 28, 2009
Conference for Catholic Facility Management (CCFM) is a Registered
Provider with The American Institute of Architects Continuing Education
Systems. Credit earned on completion of this program will be reported to
CES Records for AIA members. Certificate of Completion for non-AIA
members are available on request.

This program is registered with the AIA/CES for continuing professional
education. As such, it does not include content that may be deemed or
construed to be an approval or endorsement by the AIA of any material of
construction or any method or manner of handling, using, distributing, or
dealing in any material or product. Questions related to specific
materials, methods, and services will be addressed at the conclusion of
this presentation.
Overview of
Civil & Environmental Consultants, Inc.
 Founded in Pittsburgh, Pennsylvania in 1989
 Operating in 11 offices located in 8 states:
• Chicago, IL
• Cincinnati, OH
• Cleveland, OH
• Columbus, OH
• Detroit, MI
• Export, PA
• Indianapolis, IN
• Nashville, TN
• Pittsburgh, PA
• St. Louis, MO
• Phoenix, AZ
 Employing Over 400 People
 Three Core Principles:
• Senior Leadership
• Integrated Services
• Personal Business Relationships
Overview of
Civil & Environmental Consultants, Inc.
Civil & Site Development Ecological Services CEEnvCiro nPmernatalc Steircviceess

Waste Management Water Resources
Due Diligence
Due Diligence/Site Analysis
Phase I Environmental Site Assessment
The USEPA published a final rule setting federal
standards for the conduct of “all appropriate inquires”
(AAI) into the previous ownership, uses, and
environmental conditions of a property for the purpose
of qualifying for “innocent purchaser” protections under
certain federal laws. On Nov. 1, 2005, the ASTM E
1527-05 Phase I Environmental Assessment Process
was published, and is the process which satisfies the
statutory requirements of conducting AAI.
Due Diligence

 The ASTM Phase I process is used to identify
recognized environmental conditions (RECs).
RECs are the presence or likely presence of ANY
hazardous substance or petroleum products on a
property under conditions that indicate an existing
release, or a material threat of a release into
structures on the property or into the ground,
groundwater or surface water of the property.
Due Diligence

Typical Phase I ESA Process:
A. Purchase and review governmental databases
B. Purchase and review historical documents:
Sanborn maps, historic aerial photographs,
USGS topography maps
C. Site Reconnaissance (building interiors and
exteriors)
D Conduct Interviews – owners, occupants, local
governmental agencies
E. Prepare written report with findings and
opinions on the presence and impact of RECs
Due Diligence
Due Diligence
Due Diligence