Actual Case Studies
REIT Portfolio Management
Castleton Environmental serves as the primary environmental consulting resource to a large Real Estate Investment Trust with holdings in suburban New York, New Jersey, Connecticut and Maryland. Working directly alongside the REIT management team, Castleton Environmental provides environmental due diligence guidance beginning at the contract negotiation phase through closing on new acquisitions. Providing Phase I and II Environmental Site Assessment support, Property Condition Assessments and evaluation of potential liabilities, Castleton works as part of the team to minimize risk while continuing to help the team add assets to their portfolio. Routine management of the portfolio requires Castleton’s support during tenant lease negotiations, compliance activities and debt re-positioning.
Privately Held Real Estate Portfolio Management
Castleton Environmental serves as a trusted environmental resource to the management team of this real estate company, comprised largely of urban commercial and retail buildings throughout New Jersey. Navigating New Jersey’s complex environmental regulatory framework, Castleton assists this client with pre-acquisition due diligence as well as compliance with the Industrial Site Recovery Act (ISRA).
Phase II Environmental Assessments
For over 25 years, the Principals at Castleton have been performing Phase II Environmental Site Assessments for a variety of private real estate clients and lending institutions. For these projects, Castleton utilizes their knowledge of various field sampling and testing techniques to meet the desired objective of characterizing potential environmental risks. Based on the Phase II findings, Castleton develops strategies to remedy identified problems and/or manage risks. The ultimate goal for every Phase II is to develop the appropriate strategy to advance the transaction while protecting the interests of those involved. Based on the quality of their work, Castleton has established many long-standing client relationships due to their ability to deliver clarity to real estate transactions mired in environmental turbidity.