Unsure about how recent developments in PFAS regulation will affect your future real estate transactions? Let our team of experts help you navigate the changing landscape of real estate due diligence.
PFAS (per- and polyfluoroalkyl substances) are making headlines with the U.S. EPA's recent designation of two common PFAS compounds as hazardous substances, effective July 8, 2024. But don't panic! Here's what you need to know: - PFAS are found in many everyday products. - These chemicals break down slowly and can travel through groundwater, posing health risks. - PFAS will now be a critical factor in Phase I Environmental Site Assessments (ESAs). What does this mean for commercial real estate? - Increased scrutiny in environmental assessments. - Potential new environmental concerns for various property types. - Higher costs for PFAS sampling in Phase II ESAs. Stay informed and proactive! Contact us today. We can provide expert guidance through these new regulations and help manage environmental liabilities. #PFAS #EPA #EnvironmentalRegulations #RealEstate