Due Diligence

Maximizing deal value through comprehensive due diligence

BBJ Group specializes in environmental due diligence for real estate transactions, mergers, and acquisitions. Serving Fortune 500 and Global 100 companies across North America, as well as REITs and real estate developers, BBJ is trusted for its comprehensive approach, technical expertise, and business insight.

Rather than focusing on being the lowest-cost option, BBJ adds value by thoroughly evaluating a site’s history and identifying hidden assets and liabilities that others might overlook. This enables buyers to secure favorable concessions at closing, such as escrow arrangements, insurance, indemnities, and price reductions. BBJ's approach helps minimize long-term risks for investors during acquisition and exit.

Phase I Environmental Site Assessment (ESA)

A Phase I ESA, compliant with All Appropriate Inquiry (AAI) standards, is recommended in real estate transactions to assess potential environmental liabilities, such as recognized environmental conditions (RECs) and business environmental risks (BERs). BBJ follows ASTM 1527-13 guidelines, conducting site visits and analyzing records to ensure a thorough evaluation of the property's environmental standing.

Phase II Environmental Site Assessment (ESA)

If a Phase I ESA reveals potential concerns, a Phase II ESA is performed to investigate environmental risks further. BBJ oversees all aspects of this process, including soil and groundwater testing, plume characterization, and vapor intrusion studies. If contaminants exceed risk criteria, BBJ also manages remediation in compliance with state and federal regulations to protect human health and the environment.

Environmental Limited Compliance Review

In acquisitions involving operating businesses, BBJ performs LCRs alongside Phase I ESAs to assess environmental permits and regulatory compliance. This review includes on-site evaluations and a thorough analysis of relevant documentation and databases to identify any operational deficiencies or violations.

Property Condition (PCA) and In-Building Assessments

BBJ offers Property Condition Assessments (PCA), often required in commercial real estate transactions, to evaluate the overall condition of a facility’s structure and systems. This includes identifying non-compliant elements and estimating repair costs, helping clients assess a property’s condition. BBJ also addresses environmental health concerns like asbestos, lead, and radon, offering testing, abatement, and ongoing management solutions.

Experienced Environmental Consultants

BBJ Group delivers environmental due diligence services nationwide for large portfolios and individual properties, consistently meeting tight transaction schedules. Their team goes beyond providing reports, offering insights and guidance aligning with clients’ business objectives. With extensive ASTM and EPA regulations knowledge, BBJ ensures thorough, compliant, and cost-effective environmental audits.