AAI is a Nashville Phase 1 Environmental company and has provided due diligence services on over approximately 3 billion dollars in real estate and business transactions. With this extensive Phase 1 Environmental and Phase 2 Environmental Assessment, as well as, Remdiation experience, we have gained good judgment in providing our clients with state-of-the-art services to help them make informed decisions regarding potential or existing environmental liabilities.
A proven company with extensive experience in Real Estate Due Diligence, Bank Loans and Environmental Consulting, as well as, Oilfield Environmental Assessments, AAI's reports are competitively priced while maintaining the highest quality standards in the industry. When you hire AAI, our experience in successfully completing reports on time and within budget is not a theoretical achievement, but is shown with our many repeat clients and reputation for high quality service.
Phase I Environmental Site Assessment (ESA)
ESA reports, Environmental Phase 1, Phase 2, Phase 1 ESA, are typically conducted during commercial or industrial real estate transactions, or for new residential developments, or for any site nearby to environmentally sensitive activities, such as: gas stations, dry cleaners, industrial facilities and former agricultural properties. The new latest standard is ASTM E-1527-21 and went into effect in November of 2021.
AAI reports are bank-approved, insured and we have never been sued or had an insurance claim for one of our reports. For a more detailed discussion of ESAs, our Phase 1 Environmental Site Assessment page has case studies, requirements and answers some of the most common questions we get regarding these services.
Environmental Assessments Phase I, II and III
Our extensive experience includes conducting Phase 1, 2 and 3 Environmental Site Assessments on commercial, industrial and residential properties. In addition, we have conducted numerous remediation, site cleanups and mitigation projects.
-
Environmental Assessments
What is a Phase 1 Environmental Assessment?
This is one of the most common question that we get from our customers. The ubiquitous term, "Environmental Assessment," can refer to EA and ESA reports, such as: Phase I Environmental Site Assessments and Phase II Environmental Site Assessments, but can also refer to National Environmental Policy Act (NEPA) EA reports.
Phase 1 and 2 Environmental Site Assessment reports are scientific investigations conducted by qualified geologists, engineers and environmental scientists. These studies are typically peformed during real estate transactions and deal with potential costly issues at a property, such as: hazardous chemical contamination of the soil and/or groundwater, spills from 55-gallon drums, leaking underground storage tanks, leaking underground hoists, fires and industrial uses, including onsite and offsite sources.
NEPA Environmental Assessment is a preliminary report that reviews endangered species, historic buildings, cultural resources, and other biological resources that could be potentially impacted by a proposed construction or development project. These reports can sometimes lead to more comprehensive studies such as: Environmental Impact Statements or Environmental Impact Reports.
-
Real Estate Due Diligence
Environmental reports for lenders, owners and buyers
AAI conducts Phase I Environmental Site Assessment reports per ASTM Standard E-1527-13 for real estate transactions, business purchases, SBA loans, refinances, long-term leases and cash deals, as well. Our Phase 1 ESA reports for SBA loans are prepared in accordance with U.S. Small Business Administration’s updated SOP 50 10 5(G) requirements.
AAI's vast experience on all conceivable types of properties throughout the United States provides our customers with the expertise they need to make a good business decision when ordering due diligence environmental reports. To find out more details regarding our company's nationwide environmental consulting services and due diligence reports, please go to our Phase I Environmental Site Assessment page. AAI's experience in Phase 3 Site Characterizations and Remediation is often invaluable to make realistic and accurate conclusions and recommendations for bank loans and real estate transactions..
