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Understanding Phase I Environmental Site Assessments: The All Appropriate Inquiry

Understand the origin and intent of the ASTM Phase I ESA standard practice.

Since the mid-1990s, the Phase I Environmental Site Assessment has been a critical component of the due diligence conducted for commercial real estate transactions and financings in the United States. However, the process remains a black box for many people who rely on the Phase I ESA for important business decisions. The objective of this topic is to shed some light into the black box. You will first be provided with an overview of the origin and goals of the Phase I ESA, followed by a brief overview of the Phase I ESA process and the contents of the Phase I ESA report. You will get practical advice of what to look for in a Phase I ESA report and what to look for in the environmental professional who will conduct it.

Learning Objectives

  • You will be able to describe the origin and intent of the ASTM Phase I ESA standard practice.
  • You will be able to identify the components of a Phase I ESA.
  • You will be able to discuss the concept of a recognized environmental condition.
  • You will be able to explain the liability protections offered by the Phase I ESA.

60 minutes
Course Exam
Certificate of Completion

Sidney Ansbacher is a senior partner at Upchurch, Bailey and Upchurch, P.A. He has authored over 100 articles about environmental due diligence and regularly conducts seminars and workshops on environmental due diligence as well. We are excited to have Sidney presenting his live webinar "Understanding Phase I Environmental Site Assessments: The All Appropriate Inquiry". You can watch the video below to hear Sidney talk about his upcoming program:

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Agenda

Introduction to the Phase I ESA

  • Objectives of the Training Session
  • Concept of Due Diligence

Origins of the Phase I ESA

  • Superfund Liability
  • All Appropriate Inquiries
  • Liability Protections Offered

ASTM Standard Practice for Phase I ESA

  • Recognized Environmental Conditions
  • HRECs, CRECs, De Minimis Conditions
  • Environmental Risks Not Covered by the ASTM Standard Practice

Conducting a Phase I ESA

  • Site Reconnaissance
  • Interviews
  • Review of Historical and Regulatory Data
  • Types of Data Gaps

Report Preparation and Wrap-up

  • Goals of the Report
  • Required Contents of the Report
  • Upcoming Revisions to the ASTM Standard Practice
  • Questions and Answers
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on November 5, 2021.

Call 1-866-352-9540 for further credit information.

  • AIA HSW 1
     
  • Lorman Education Services is a registered provider of AIA-approved continuing education under Provider Number J2016. This course is approved for 1.0 Learning Unit hour(s). In addition, this program qualifies for 1.00 hour(s) of Health, Safety, Welfare (HSW). Prerequisite: None, Program Level: Intermediate: Advanced Preparation: None All registered AIA CES Providers must comply with the AIA Standards for Continuing Education Programs. Any questions or concerns about this provider or this learning program may be sent to AIA CES ([email protected] or (800) AIA 3837, Option 3). This learning program is registered with AIA CES for continuing professional education. As such, it does not include content that may be deemed or construed to be an approval or endorsement by the AIA of any material of construction or any method or manner of handling, using, distributing, or dealing in any material or product. AIA continuing education credit has been reviewed and approved by AIA CES. Learners must complete the entire learning program to receive continuing education credit. AIA continuing education Learning Units earned upon completion of this course will be reported to AIA CES for AIA members. Certificates of Completion for both AIA members and non-AIA members are available upon request.
     
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To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

  • Those applying for AIA and HRCI must view 100% of the program and answer the questions following the program.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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  • Arizona CLE 1.0
     
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  • CT CLE 1.0
     
  • HI CLE 1.0
     
  • ME CLE 1.0
     
  • NJ CLE 1.2
     
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The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Benjamin Alter, BA

Benjamin Alter, BA

GZA GeoEnvironmental, Inc.

Benjamin Alter, PG, LSRP

  • Senior Consultant with GZA GeoEnvironmental, Inc.
  • Practice emphasizes environmental due diligence and remediation
  • Adjunct Professor at City University of New York from 2000-2009 and in 2020
  • Author of Environmental Consulting Fundamentals, a textbook used at universities throughout the United States, now in its second edition
  • Member of the New Jersey Licensed Site Remediation Professionals Association, National Ground Water Association
  • M.B.A. degree, Columbia University; M.S. degree, Cornell University; B.S. degree, SUNY/Albany
  • Can be contacted at 973-865-9017 or [email protected]
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Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 409200
Published 2021
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