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Tag Archives: vapor intrusion

Pre-Lease Phase I Environmental Site Assessments

Our Phase I Environmental Site Assessment (ESA) practice most commonly focuses on pre-loan and pre-acquisition due diligence, but pre-lease Phase I ESAs are common enough.    In this blog I seek to highlight the value equation for pre-please Phase I ESAs as well as give users the tools to decide what, if any, environmental due diligence…

EEL on a Vapor Encroachment Condition (VEC)

Expected Environmental Loss (EEL) on a Vapor Encroachment Condition (VEC)? Expected Environmental Loss is a term I coined and introduced on my previous blog post.   EEL is essentially the mean or expected loss that an owner will experience if they own a given asset with an associated recognized environmental condition (or Vapor Encroachment Condition, VEC).    The term…