Environmental due diligence is a broad topic and is usually viewed by people as “just one more box to check off.” However, it is important to understand that due diligence can greatly vary from project to project and can be used to not only manage but reduce your risk. Although a financial institution may complete due diligence assessments to help ensure their borrower will be able to repay the loan, a buyer could use the results to negotiate a lower sale price. On the other hand, a seller may complete environmental due diligence to demonstrate that the property is environmentally “clean” and sell the property at market value or higher. Understanding what environmental due diligence is and the different types can help not only manage and/or reduce your risk but can also benefit you in many other ways.
Shannon Landrum is an Environmental Site Assessor for August Mack’s Transaction Group located in the Lewis Center, Ohio office. Shannon has over 12 years of environmental site assessment/due diligence experience. The Phase I ESAs conducted under her direction are completed in accordance with USEPA All Appropriate Inquiries (AAI) and the American Society for Testing and Materials (ASTM). She has completed over 800 Phase I ESAs and has worked on various components of Ohio EPA Voluntary Action Programs Phase I and Phase II Property Assessments, as well as non-VAP Phase II projects. Shannon has conducted over 50 ESA Screenings, Phase I ESAs, and Phase II ESAs for Ohio Department of Transportation (ODOT). Shannon has also developed scopes and prepared written proposals for these investigations, including project cost analysis, determination of subsurface sampling locations, and laboratory analyses Shannon is a Certified Professional through the Ohio EPA Voluntary Action Program and is a Certified Asbestos Hazard Evaluation Specialist in Ohio. She is also the 2015 President of Commercial Real Estate Women – Columbus and has been on the Board of Directors since 2012. Shannon can be reached at 740.548.1506 or via email at email@example.com.