ASTM E1527 (Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process) is the U.S. standard for conducting a Phase I Environmental Site Assessment (ESA) for commercial real estate. The practice is used to determine recognized environmental conditions that could impact a property’s environmental condition and future use. ASTM E1527 assesses environmental liabilities prior to the closing of a property acquisition, loan, development, or investment. Moreover, the practice meets all Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) landowner liability protection requirements for appropriate inquiries. ASTM E1527 is a historical research project that reviews government records, interviews, and inspects properties to determine the sources of hazardous substances and petroleum products. As a result, the assessment aids in making sound decisions and reducing uncertainty about the environmental conditions of a commercial property.
Get Certified ASTM E1527 Environmental Assessments for Confident Property Transactions
Environmental liabilities may have a dramatic impact on property value, redevelopment plans, and transaction risks. That’s why organizations tend to prefer the ASTM E1527 evaluation prior to buying, refinancing, or renting commercial real estate. Comprehensive environmental due diligence can uncover potential issues in a timely manner and aid investment decision-making.

