What is a Phase 1 ESA?

A Phase 1 ESA is a due diligence report prepared for lenders, property owners and/or real estate agencies that identifies the presence of environmental concerns that pose possible impact to the property. ESA reporting will meet the Environmental Protection Agency's (EPA's) All Appropriate Inquiry (AAI) and is conducted and prepared by an environmental expert in accordance with the American Society for Testing & Materials (ASTM) E-1527-13 protocols. ASTM is the industry standard for evaluating the potential of hazardous materials that could pose risk to property. 

Hazardous Material

Any material is referred to as hazardous when, by virtue of its quantity, concentration, or physical, chemical, or infectious characteristics, may cause or significantly contribute to an increase in mortality or serious illness, or pose a substantial present, or potential future harm, to human health or the environment.

Areas of Hazardous Conditions

Mid-South investigates the potential impact on the subject site of known or suspected hazard environmental conditions that are classified into three distinct areas. The first area of concern is a specific condition known as Recognized Environmental Conditions (REC). These conditions deal with the presence, or likely presence, of any hazardous substance or petroleum products in or on the subject tract. The second concern referred as Controlled Recognized Environmental Conditions (CREC), deals with the past release of hazardous substances or petroleum products that have been addressed to satisfaction by the applicable regulatory authority and are allowed to remain in place subject to the implementation of controlled requirements. Last are conditions known as Historical Recognized Environmental Conditions (HREC) that deal with past releases of hazardous substances or petroleum products on the subject site that have been addressed to the satisfaction of the regulating authority and are meeting the unrestricted use criteria requiring no controls.

Mid-South Analytical & Consulting, L.L.C.

Serving East Texas, NW Louisiana and Southern Arkansas

Mid-South is bound by General and Professional Liability Insurance.

 

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