About
Environmental Asset Services, Inc. (EASI) is a wholly-owned subsidiary of TCC that provides specialized environmental expertise pertinent to the development, ownership and management of commercial real estate. Established in 1993, EASI offers clients a variety of services specific to the management of environmental issues as they affect commercial real estate, through three primary lines of business:
- Brownfield Acquisitions and Development (BAD)
- Environmental Project Management (EPM)
- Tenant Inspection Program (TIP)
Simply put, EASI assists in preserving and enhancing property value, especially those impacted by, or threatened with, environmental pollution. EASI acts to manage all aspects of environmental projects and issues on behalf of our clients through the application of specialized environmental experience and expertise.
Brownfield Acquisitions and Development (BAD)
Commonly brownfield sites present unique development challenges to site planning, phasing, or use, and may also pose constructability risk concerns. EASI’s track record of strategizing and solving to these challenges is exemplary. We do this via:
- Application of consulting expertise with a commercial real estate perspective
- Independent review and summation of environmental documentation
- Managing the environmental due diligence process
- Evaluating properties to position for disposition transactions
- Pointed and effective regulatory agency negotiation
- Procurement of environmental insurance policies
- Creation of indemnity and/or access and liability agreements
Environmental Project Management (EPM)
By applying dedicated, trained, and experienced personnel to environmental projects EASI can manage site assessments, investigations and remediations in an efficient, cost effective and judicious manner.
EXAMPLES OF EPM PROJECTS INCLUDE:
- Subsurface investigation
- Site remediation
- Hazardous waste management and/or disposal
- Asbestos surveying and abatement
- Indoor air quality assessment
- $10M Asbestos Abatement & Demo
- Major Mold Abatement & Retrofit
- Systematic Asbestos Abatement & Rehab
Tenant Inspection Program (TIP)
Since the inception in the early 1990's, the program's Tenant Inspection Program (TIP) has conducted periodic inspections on hundreds of millions of square feet of commercial/industrial property in North America for a variety of owners, including: ING Clarion Partners, AEW Capital Management, AMB Property Corporation, Crow Family Holdings, Invesco Realty Advisors, Bristol Group, SSR Realty Advisors, GE Capital, and others.
TIP IS A PROCESS-ORIENTED FUNCTION DESIGNED TO:
- Interface with tenants to assess practices and mitigate risk to the property
- Identify potential environmental problems before they become costly cleanups
- Identify and define potential environmental concerns
- Manage the resolution of identified concerns
- Keep the tenant responsible at their expense
- Ensure adherence to the environmental provisions of the lease
- Provide the option of passing program costs to tenants via CAM fees
- Maintain record on tenant inspections and issues
- Create a paper trail beneficial in furthering property sales and refinancing
- Help to ensure tenants are in utilizing accepted environmental standards
- Provide review of new tenants
- Provide scrutiny of existing tenants as needed
- Function as an environmental resource for Property & Asset Managers