Dealing With Common Business Environmental Risks in Real Estate Transactions
Please join Beveridge & Diamond Associate Jose Almanzar (New York) and Roux Principal Geologist Frank Cherena, P.G., LEP for a webinar overview of the environmental due diligence process as part of real estate transactions. The program, taking place on September 1 from 1:00 to 2:00 p.m. ET, will also explore common Business Environmental Risks (BERs) that arise during due diligence.
Attorneys and investors involved in the purchase and sale of commercial property are familiar with the basic requirements of Phase I Environmental Site Assessments (ESAs). When it comes to Phase I ESAs, sophisticated clients and counsel want to know one thing: what are the Recognized Environmental Conditions (RECs)? While it's important to know the RECs—particularly because they tell you if you potentially have a significant environmental issue on your property—not enough attention gets paid to BERs, which if ignored, can completely derail an otherwise good investment. This program will help attendees get acquainted with BERs, highlight why they are significant, and provide guidance on how to manage the most common BERs you can expect to encounter during real estate transactions.
For more information, and to register, please see Roux's website.
Beveridge & Diamond's Transactions and Due Diligence practice group helps clients identify and quantify the most critical liabilities in transactions that involve complex environmental problems. We represent domestic and international clients in every major sector of the commercial real estate industry.