Prior to 1980, little attention was given to environmental concerns in real estate transactions. Since then, environmental regulations have become so significant that most commercial real estate transactions should include an assessment of environmental factors by buyers, sellers, lenders, and insurers. The possible presence of contamination at a property can significantly affect the worth of the property, and may result in substantial costs for required remediation. IWM personnel have extensive experience in conducting Phase I environmental site assessments and identifying recognized environmental conditions and environmental concerns at a property. Types of properties assessed include, but are not limited to, active and abandoned gasoline stations, laundry dry cleaners, industrial facilities, retail facilities, professional offices, residences, and vacant land. IWM’s Phase I environmental site assessments are performed by staff members meeting the requirements of an Environmental Professional as defined by the USEPA under the All Appropriate Inquiry Rule and the ASTM Standard E 1527-05.
IWM provides a full range of environmental assessment services for lenders, realtors, insurers, developers, governments, law firms, and the owners and operators of commercial, industrial, and residential sites. If you finance, buy or sell properties or facilities, our inspectors and scientists work with you to identify potential regulatory and environmental issues and help you evaluate your environmental liabilities.
The following highlights our staff’s experience in:
- Indiana Voluntary Remediation Program (VRP)
- Risk Integrated System of Closure Program (RISC)
- Petroleum Hydrocarbon Projects
- Soil and Groundwater Remediation
- Remediation System Operation and Maintenance
- Groundwater Flow and Contaminant Transport Modeling
- Health-based risk assessments
The following describes IWM’s Phase I environmental site assessment capabilities:
- IWM's Phase I site assessments are performed in general accordance with the EPA’s All Appropriate Inquiry(AAI)/ASTM E 1527-05 standard in order to meet requirements for landowner liability protections under CERCLA; however, CERCLA liability protection may not be a priority with all clients. IWM endeavors to meet with each client to determine their environmental due diligence needs to develop an appropriate project work scope to meet those needs.
- IWM performs dozens of Phase I assessments, assessment updates, and transaction screens annually using an efficient, systematic approach that yields comprehensive evaluations of recognized environmental conditions and potential environmental concerns.
- IWM takes risk assessment and management seriously. Clues about historical environmental activities are often subtle and may not be detected by less-experienced assessors. All of IWM’s assessors meet the definition of Environmental Professional (EP) as defined in §312.10 of 40 CFR 312. AAI rules require that an EP, at a minimum, be involved in planning the site inspection and interviews, reviewing and interpreting information on which the report is based, overseeing report writing, developing opinions of the impact on the site of conditions identified in the assessment and additional appropriate investigation (if necessary), and signing off on a report declaring that he/she meets the definition of an EP.
- Depending on your needs, IWM’s assessment professionals include: Licensed Geologists, Licensed Asbestos Inspectors, Certified Underground Storage Tank Professionals and Certified Hazardous Materials Managers
- IWM makes optimal use of on-line database searches and aerial/satellite image sources, digital site photography, and CADD facilities to achieve optimal response times for assessments.
- Our standard completion time for Phase I ESAs is 10 business days, from receiving authorization to proceed to issuing the final report. Under time constraints, this schedule can often be compressed by several business days.
For clients with whom IWM has blanket agreements to perform site assessments, we have developed a simple, one-page e-mail/fax-ordering system that ensures that (1) we receive consistent site information with each request, (2) our response to the client is consistent and complete, and (3) the assessment is expedited.