Real Estate Assessment Division
Philosophy:
EDI’s Real Estate Division was founded in 2002, to answer the concerns of lenders, insurance companies and property owners overwhelmed by ever changing regulatory pressures. Their needs were created by the increasing burden of regulations governing real estate investment and lending with all the underwriting requirements.
For environmental assessments, our years of experience have taught us that enforcement of these regulations is ever changing and not necessarily applicable in today’s business environment. Other less invasive, disruptive and expensive solutions are more effective in determining recognized environmental conditions. Often, we can reduce the regulatory cost and nuisance of owning or financing real estate by eliminating unnecessary alterations or testing; thereby, recommending action to extricate a property from being regulated.
For our physical condition assessments and construction management services, our experience in the construction industry and lender underwriting regulations enables us to balance both worlds as we form conclusions and recommendations about building components, their useful lives expected, deferred maintenance identified, and over the term protections with inflation factors.
Our Real Estate Assessment Division was created to simplify the due diligence process being taken by all parties involved in a transaction. We have seen a maturation process develop from being reactionary to one of cost/benefit and sound business especially in today’s market.
Real Estate Assessment Division
Services
- Phase I Environmental Assessments (ASTM)
- Phase 2 Site Characterization and Remediation
- Asbestos, Radon, Mold and Lead Testing and Guidance Plans
- Regulatory Permitting and Reporting
- Site Characterization, Remediation, and Assurance Fund Reimbursement
- Drywell Testing, Closure and Best Management Practices Plans (BMPPs)
- Compliance Documentation (24 CFR 58.6)
- Statutory Check List (24 CFR 58.5 – Statutes, Executive Orders & Regulations)
- NEPA Procedures (24 CFR 58.35 (a) )
- Environmental Procedures Cell Tower (FCC Compliance)
- FCC Compliance with Global R.F. Solutions.
PHYSICAL CONDITIONS:
- Conventional ASTM Physical Condition and Needs Assessments
- FannieMae and FreddieMac Physical Needs Assessments
- ADA Compliance Assessments
- Regulatory Permitting and Reporting (ie, Planning & Zoning Submittals)
- Construction Management (includes Draw Requests)
- Facilities Management
- Historic Preservation (36 CFR Part 800)
- Arizona Cell Towers
SEISMIC CONDITIONS:
Probable Maximum Loss (PML) investigations regarding risk of earthquake damage.
Locations
Corporate Office
4045 East McDowell Road
Suite B
Phoenix, Arizona 85008
602-275-4365 •602-275-2110 fax
1-800-537-6552
Southeast Office
109 Seagull Lane
Sarasota, Florida 34236
941-706-1935 •941-706-2110 fax
1-800-537-6552 ext: 220
Partial List of Clients
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AID Association for Lutherans |
Appleton, WI |
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America Equity Investment Life Insurance Co. |
Des Moines, IA |
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Anthem Properties |
Vancouver |
|
Aries Capital |
Chicago, IL |
|
Aries Capital |
Phoenix, AZ |
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Aviva Capital Management, INC |
Des Moines, IA |
|
BRE Properties |
Phoenix, AZ |
|
Bank of America |
Nationwide |
|
Bank of Commerce |
Western States |
|
Canada Life Assurance Co. |
Arizona |
|
CB Commercial Real Estate |
Nationwide |
|
Churchhill Mortgage |
Phoenix, AZ |
Clearwire |
Nationwide |
|
Cohen Financial |
Chicago, IL |
|
Column Financial |
Newport Beach, CA |
|
Community First National Bank |
Phoenix, AZ |
|
Cottonwood partners |
Nationwide |
|
Cuna Mutual Life Insurance Co. |
Madison, WI |
|
GMAC Commercial Mortgage |
Nationwide |
|
Great West Life & Annuity |
Nationwide |
|
Heritage Advisory Group |
Arizona |
|
Irwin Union Bank |
Phoenix, AZ |
|
Kornwasser |
Western States |
|
Lee & Associates |
Nationwide |
|
Lutheran Brotherhood |
Mineapolis |
|
Lehman |
Nationwide |
Nextel |
Arizona |
|
Milestone Properties |
Boca Raton, FL |
|
Mutual Trust Life Insurance |
Oak Brook, IL |
|
Newmark Realty Capital, Inc. |
Nationwide |
|
NorthMarq Capital |
Nationwide |
|
NRP Group |
Nationwide |
|
Reliance Management |
Phoenix, AZ |
|
Security Mutual Life Insurance |
Nationwide |
|
Sunrise Mortgage |
Western States |
|
PROPERTY LOCATION AND USE |
SERVICES PERFORMED |
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Commercial Facilities |
|
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Nationwide: car washes |
Phase I; PCA; ADA; RMS |
|
Colorado Springs, CO: retail center |
PCA; ADA |
|
Phoenix, AZ: commercial strip center |
Phase I; LAS |
|
Colorado Springs CO: hotel |
PCA; ADA |
|
Franklin, VA: commercial strip center |
PCA; ADA |
|
Philadelphia, PA: hotel |
PCA; ADA |
|
Brooklyn NY: motel |
CMS |
|
Rockville, MD: commercial strip center |
PCA; ADA |
|
Flagstaff, AZ: motel |
Phase I; LAS |
|
Jacksonville, FL: shopping mall |
PCA; ADA |
|
Greensboro, NC: commercial center |
PCA; ADA |
|
Park City; UT |
Phase I; PCA; PML |
|
Phoenix, AZ: shopping mall |
ADA |
|
Tempe, AZ: office complex |
RE |
|
Industrial Facilities |
|
|
Los Angeles, CA: manufacturing facility |
UST removal and site characterization |
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Casa Grande, AZ: lime plant |
UST removal and site characterization |
|
Milwaukee, WI: shredding facility |
LUST site characterization and investigation |
|
Phoenix, AZ: industrial/business park |
Phase I: LAS; hazardous waste disposal; RMS |
|
Tempe, AZ: bridge construction |
TPH testing and bioremediation |
|
Phoenix, AZ: industrial/business park |
Phase I; LAS; LAD; PCA; ADA |
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Flagstaff, AZ: Industrial |
DC |
|
Residential Facilities |
|
|
CA: Portfolio of 25 multifamily complexes |
Asbestos, mold, lead, radon testing |
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Seattle, WA: multifamily complexes |
Phase I’s; CMS, O & M |
|
Chicago, IL: multifamily complex |
Pre-renovation PCA |
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San Antonio, TX: multifamily complex |
PCA; ADA |
|
Colorado Springs, CO: multifamily complex |
Phase I; LAS; LAD; PCA; ADA |
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Vancouver, WA: multifamily complex |
PCA; ADA |
|
Los Angeles, CA: multifamily complexes |
Phase I’s; PCA’s; PML’s |
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Scottsdale, AZ: assisted living complex |
Phase I; Mold; IAQ |
|
Baltimore, MD: multifamily complex |
PCA; ADA |
|
Wheaton, IL: multifamily complex |
PCA; ADA |
|
Portland, OR; Condo Conversion |
CMS; PCA; IAQ |
|
TX: Several multi-family |
Mold Investigation |
|
Vacant Land |
|
|
Florida urban centers |
numerous Phase I’s |
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Metro Houston, TX: residential developments |
numerous Phase I’s |
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Metro Phoenix, AZ: residential developments |
numerous Phase I’s |
|
Metro New Orleans, LA: Subsidized Development |
Phase I; NEPA; CD; SC |
|
Metro Phoenix, AZ: Cell Tower Development |
PR |
Glossary:
|
ADA: |
Americans with Disabilities Act (Federal) |
|
CAS: |
Comprehensive Asbestos Survey |
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CD: |
Compliance Documentation (24 CFR 58.6) |
|
CMS: |
Construction Management Services |
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DC: |
Design Coordination |
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LAS: |
Limited Asbestos Survey |
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LAD: |
Limited Lead Paint Testing |
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LUST: |
Leaking Underground Storage Tank |
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NEPA: |
National Environmental Policy Act (24 CFR 58.35 (a) ) |
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O&M Plan: |
Operation and Maintenance Plan |
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PCA: |
Physical Condition Assessment: architectural and engineering inspection |
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TSA: |
Preliminary Environmental Assessment (ASTM 93‑1528 standard) |
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Phase 1: |
Phase I Environmental Assessment (ASTM E‑1527-05 standard) |
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PML: |
Probable Maximum Loss - Seismic Report |
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PR: |
Permitting and Reporting (ie, Planning & Zoning Submittals) |
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RE: |
Roofing Evaluation |
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RCRA:: |
Resource Conservation and Recovery Act (Federal) |
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RMS: |
Risk Management Services |
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SC: |
Statutory Checklist (24 CFR 58.5 – Statutes, Executive Orders & Regulations) |
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TPH: |
Total petroleum hydrocarbons |
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UST: |
Underground storage tank |
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IAQ: |
Indoor Air Quality |
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O & M: |
Operation & Maintenance Plans (Asbestos, Lead and Mold) |