What is a Phase II ESA in Real Estate Due Diligence?
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What is a Phase II ESA in Real Estate Due Diligence?

What is a Phase II ESA in Real Estate Due Diligence? The term “Phase II ESA” is short for Phase II Subsurface Investigation. It is an environmental due diligence report that typically follows the Phase 1 Environmental Site Assessment process when recognized environmental conditions are apparent. During the commercial real estate due diligence period, this…