Blog

While ERMI president Steve Hilfiker is our primary blogger, other members of our staff will occasionally contribute posts based on their specific areas of expertise.

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Environmental Issues in Southwest Florida Real Estate

When considering an investment in southwest Florida, prospective purchasers should understand the potential environmental issues that could lead to liability. Evidence of environmental impact is not always readily apparent, so a comprehensive study of historical, regulatory, and current site activities should be conducted. Read More...

Site-Specific Strategies to Manage Environmental Risks

All properties are different. There is a diverse bundle of characteristics for each property, and a different set of circumstances for each transaction. Due to these variations, a specific strategy to manage environmental risks should be prepared for each property and real estate transaction. Just as each investor needs a financial plan, each real estate… Read More...

The 10 C’s of Environmental Risk Management

The industry of property assessment and remediation has evolved and matured since its inception in the 1970’s. Any property can be subjected to regulation, and many land uses can impact environmental quality. This list of the 10 C’s of Environmental Risk Management provides an interesting perspective of a healthy and necessary environmental market. 1. Common… Read More...

Environmental Management Plans: Maintaining Property Values

These rules and programs have offered a solution to existing property concerns, as well as a method to prevent future concerns. They can help maintain a property’s value by keeping environmental conditions from deteriorating, and by safely containing potential contaminants.   Read More...

Determining the Actual Value of Impacted Properties

Initially, impacted properties do have reduced value—but sometimes, that is exactly what can make them strong investment opportunities. Because if the environmental impact can be quantified, the value of the property (including the impact) can be appraised. Decisions regarding the purchase price, loan amount, loan to value, resale potential, and overall credit decisions can all… Read More...

Lender Liability and the Financing of Impacted Properties

In 1986, Congress passed an amendment to Superfund known as the Superfund Amendment and Reauthorization Act (SARA).  This amendment incorporated a very commonly used phrase: “all appropriate inquiry consistent with good commercial practice”—a phrase sometimes referenced simply by the acronym “AAI.” The concept of AAI is based on the ancient principle of caveat emptor (“buyer… Read More...