Due Diligence

Due Diligence Services for Property Transactions

The Blackledge Group’s highly trained professionals have provided due diligence services for property transactions throughout the United Stated and Puerto Rico for over 30 years. At The Blackledge Group, we understand that the Phase I Environmental Site Assessment is the gold standard for evaluating the environmental liability associated with a real estate asset of any type. We also understand that often, additional services are needed to fully evaluate environmental risk associated with all real estate transactions.

Over the past 30 years, we have provided our expertise for a wide range of properties, including industrial, commercial, mixed-use, and multifamily. We bring a thorough understanding of all aspects of ASTM E1527-13 Standard and its relationship to EPA’s All Appropriate Inquiries Rule. 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.

ASTM E1527-13 Standard

We bring a thorough understanding of all aspects of ASTM E1527-13 Standard and its relationship to EPA’s All Appropriate Inquiries Rule which provides specific scope requirements for a Phase I ESA to meet the legal requirements of CERCLA’s innocent land owner defense.

Environmental Risk Practice

We bring a holistic approach to our environmental risk practice, by providing sound business advice regarding environmental liability.

Our ability to combine our Phase I Environmental Site Assessment activities with other in-house services often requested as part of the due diligence process – such as asbestos, lead-based paint, and hazardous material surveys; property condition assessments; and soil, groundwater and sediment analysis – allows our clients to develop a complete picture of potential environmental liabilities more efficiently and cost-effectively.

Limited Environmental Due Diligence Options

If the user is not looking to qualify for CERCLA liability protection, such as many lenders conducting environmental due diligence for loan origination, a tiered environmental due diligence policy utilizing both the Phase I and limited-scope or “desktop” environmental reports can be successful at screening for high environmental risk properties.

Phase II Environmental Site Assessments

Our geologists, engineers, industrial hygienists, and scientists have performed Phase II Environmental Site Assessments throughout the United States and are familiar with geological and hydrogeological conditions that may affect contaminant migration. We are experienced in defining the appropriate scope of services to address recognized environmental conditions (RECs) identified in a Phase I ESA.

A lot more goes into developing a scope of work than just determining the number of samples needed – for example what type of drilling and sample collection is appropriate for the site and the kinds of contaminants you are looking for must be considered.

That’s why it pays to engage an informed, experienced due diligence consultant who understands what’s involved in the assessment and the level of certainty required.

When designing a Phase II ESA scope, our environmental professionals take into consideration any areas of concern, chemicals of concern, local geology and/or site access issues as well as local, state and federal regulations. At The Blackledge Group, we believe delivering accurate Phase II ESA results requires knowledge of local geologic and regulatory environments, and the ability to interpret and provide geological and chemical data to the client so that they are fully informed of their business risk.

Our goal is to obtain enough information as part of the Phase I process to fully understand environmental liability issues.

Environmental Reviews Under 24 CFR Part 50 or Part 58

Our team of environmental professionals specialize in providing HUD Environmental Reviews and consulting services to ensure that a project or activity obtains approval for a Release of Funds per 24 CFR Part 50 or Part 58. They are experts in helping local, state and federal clients analyze and understand the impact of a project on the surrounding environment. Conducting a HUD Environmental Review helps document that a proposed project or action will not negatively impact the surrounding environment and if necessary, establishes a strategy to mitigate any infringements. Our team also evaluates the effects of the project against the geographic and demographic metrics of the surrounding community to ensure compliance with NEPA.