ENVIRONMENTAL DUE DILIGENCE
WET has performed Phase I, II, and III ESAs on properties from small commercial buildings to large ranch properties
Property Risk Assessment
Property Risk Assessments are preliminary historical property record searches using multiple public and proprietary data sources to identify past property uses and possible hazardous substance operations. WET personnel review this information and generate a report notifying you of the potential for recognized environmental conditions related to the purchase of your future property.
Phase I Environmental Site Assessments (ESAs)
WET offers Phase I ESAs, which are an integral part of the due diligence and decision-making process for commercial lending and purchase decisions. Phase I ESAs contain all the information present in a Property Risk Assessment, with the addition of in-person site reconnaissance and interviews with entities who may have knowledge of the subject property, including but not limited to, government officials, past owners, adjacent landowners, and other potential purchasers. Phase I ESAs are completed in accordance with the American Society of Testing and Materials (ASTM) E1527-21 Standard.
Phase II and III ESAs
If a Phase I ESA identifies potential recognized environmental conditions, WET offers a full suite of services to assess possible contamination and provide a report of recommendations detailing remediation options. These services protect prospective buyers and developers from potentially significant environmental liability. WET has the tools, personnel, and experience necessary to identify and contain contamination from petroleum products, solvents, pesticides, asbestos, lead, benzene, toluene, ethyl benzene, and xylenes (BTEX), radon, polychlorinated biphenyls (PCBs), and many other hazardous materials in air, soil, groundwater, and building materials. WET completes Phase II and III ESAs according to the industry standard ASTM E1903-19.
Environmental Baseline Surveys (EBSs)
WET has extensive experience in the completion of EBSs, which are utilized to determine the flora, fauna, geology, hydrogeology, and other environmental interests before the development of a site. As opposed to ESAs, which analyze the effects of human operations at a site, EBSs provide a snapshot of a site before it is developed, so our engineers can deploy minimally invasive development techniques. EBSs are typically completed at federal facilities and are done in accordance with the ASTM D6008-96R14 Standard.
If environmental issues are not found during an ESA, the buyer may be held liable for cleanup costs, and the value of the property may be impacted.