Investment Process

An acquisition by Brownfield Partners will typically include the following major elements:

Initial Screening Analysis

Brownfield Partners will complete an evaluation of key real estate fundamentals and environmental conditions in order to determine the highest and best use for redevelopment, identify key environmental and regulatory issues, and general project economics. Should the project meet company investment criteria, a Letter of Intent to purchase the property is submitted.

Purchase Contract Negotiation and Due Diligence

Brownfield Partners will negotiate a Purchase and Sale Agreement (PSA) to acquire the property in its “as-is” condition. General terms of the PSA will include assumption of the obligation to complete site remediation and assumption of the environmental liability of the seller post closing. The remediation obligation and environmental liability is generally secured by a comprehensive environmental insurance program covering both the cleanup cost exposure and third-party liability claims.

Environmental matters to be completed during the due diligence period include collection of additional site data, negotiation of remedial objectives with the appropriate regulatory agency, confirmation of agency concurrence with remedial strategy, confirmation of financial assurance requirements, procurement of bids for a guaranteed fixed price remediation contract, and negotiation of binding quotations for environmental insurance.

Post Closing Activities

Brownfield Partners will oversee the remediation contractor’s completion of the cleanup to ensure compliance with the Agency-approved remedial action plan and conformance with the site development plan.

Brownfield Partners will work in conjunction with our development partners and the local planning and zoning authorities to perfect entitlement as necessary.

Upon completion of remediation, Brownfield Partners will secure regulatory confirmation of completion in the form of a No Further Action letter or similar regulatory closure document and the property will be sold or developed.