In the latest session of our Webinar Series, WGI’s Environmental Lead for Remediation, Mike Fisher, PG, CEP, explores how to reduce the risk of developing risky sites and discusses how avoiding potential hazards in the early stages of development can give a huge boost to the odds of maximizing the returns on investment for any developer seeking to acquire a new site in today’s highly dynamic real estate market
In the realm of Commercial Real Estate, due diligence is the process by which a prospective buyer scrutinizes and evaluates a potential land acquisition. Fundamentally, due diligence conducted by the key practices, accounting/financing, legal, and environmental, are retrospective reviews meant to identify liabilities that a prospective buyer doesn’t want to assume.
In urban, suburban, and even marginal rural communities, it has grown more difficult to find well-positioned property that is void of historical use and activities equating to environmental impact.
We will discuss a means of conducting Strategic Environmental Due Diligence, whereby a prospective purchaser may consider a risk-management approach to property acquisition. We will also discuss how Strategic Environmental Due Diligence advances the investigation and evaluation to assess the risks relative to planned development, calculates associated costs to address those risks, and incorporates those costs into the ROI.
If you were unable to attend our live webinar or want to gain a better understanding of the importance of Strategic Due Diligence, check out a full video recap of the webinar session, and get informed on this critical process by learning the following:
Check out this FREE whitepaper for a wealth of knowledge on this essential process: Reducing the Risk of Developing Risky Sites
Contact WGI’s Environmental Engineering professionals today to ensure that you’re positioned to yield the highest ROI potential on your next site acquisition!
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Whether you’re a local government official, city planner, developer, or simply a concerned citizen, understanding the Maryland Housing Expansion and Affordability Act is crucial for the well-being of our communities.
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