Due Diligence

Due Diligence

While the definition of due diligence refers to the research and analyses involved in a transaction, it really refers to “doing the right things” to adequately study a particular situation, project or transaction. In the environmental arena, Sierra takes all necessary steps to establish a baseline of information for all parties involved. When you buy or lease a property, sell or move from it, this baseline lets everyone know the property’s environmental status. It is critical in establishing the “innocent landowner defense.”

Should you or your lender ever need a Property Condition Assessment (PCA), we can take care of that for you as well.

Email Us

spate@sierrapiedmont.com

Call Us

(770) 792-6200

Fax Us

(770) 792-6005

Headquarters

105 Weatherstone Drive.
Suite 650
Woodstock, GA 30188

Phase I ESA

Sierra Piedmont has completed thousands of Phase I Environmental Site Assessments (ESAs), which are assessments of properties ranging from raw timber land to developed structures, supported by historical data. Sierra follows the American Society for Testing and Materials (ASTM) standard, modified to meet the “All Appropriate Inquiry” criteria, unless a client has other specific needs. In many cases, we have assisted our clients in the preparation of their corporate-wide ESA form based on their unique facility conditions and corporate risk profile.

Another component of ESAs are Property Condition Assessments (PCAs). A lender often asks for a PCA to be completed during the purchase or refinance of commercial property. The purpose of a PCA is to evaluate and provide information regarding the primary systems of a structure that is being considered for purchase. Typically the roof, HVAC, plumbing and electrical systems are evaluated.

Phase II ESA

After Recognized Environmental Conditions (RECs) are identified, a Phase II ESA may be necessary to have a better understanding of potential contamination of the property. This type of study moves the project investigation from a visual, non-intrusive study to one including physical sample collection, laboratory analyses and evaluation with local, state and federal regulations.

After evaluating laboratory samples against local, state and federal requirements, there is one of three resulting outcomes:

  1. Samples exhibit no chemicals of concern
  2. Samples exhibit elevated concentrations of chemicals of concern but are below a reporting or action level
  3. The chemicals of concern are above a reporting or action level.

Regardless of the result generated, Sierra can collect, interpret and present you with the data in a clear and understandable way to ensure an informed decision is made.