Sustainable Property Transactions Conference
Nov 12, 2008 - Nov 14, 2008
San Francisco, California
United States
1-800-9-NO RISK (966-7475)
http:// www.rtmcomm.com
Navigating
complex deals involving contaminated real property and sustainable development
is not for the faint of heart. If there
is only one conference you can attend in
this economy ,this is the ONE that will allow you to successfully close deals
and complete sustainable site redevelopments.
In the wake of a down turned capital market with the continued
tightening of credit and unrest in the financial markets, environmental risk
and sustainability management issues are gaining even more importance in
business and real estate transactions.
There are currently hundreds of billions of dollars in the U.S. deal
pipeline affected by the chaos in the credit markets. Some deals will be restructured and sold,
some will be postponed, and others will end up on the lenders’ balance
sheets. The debt crisis and the
increased cost of capital are encouraging creative approaches to some of the
mega-buyout deals as well as to brownfield real estate transactions.
One of the central themes of
this conference is the tiered or performance based pre - and post-acquisition
due diligence used by dealmakers. Real
property transactions and redevelopments need to be sustainable, especially
where there may be environmental issues that affect value and the materiality
of the deal, such as legacy sites, climate change risk, wetland
mitigation/banking or SEC disclosure issues. This San Francisco conference will explore how
complex deals involving environmental contamination and sustainable development
issues can be successfully managed--how sites get cleaned up and
redeveloped. Employing environmental,
legal, financial/accounting and risk management tools, the corporate dealmakers
have a war chest of alternative environmental due diligence techniques and risk
financing methods (institutional and engineered controls, stringent
environmental agreements and environmental insurance, investment wetland
mitigation banking, etc.) to get the transactions moving.
For brownfield transactions, the EPA
All Appropriate Inquiry (AAI) or the compliant ASTM E1527-05 is the
current standard of care for Phase I Environmental Site Assessment due
diligence. For a large urban commercial real estate project or corporate merger
& acquisition or divestiture/auction type transactions, alternative due
diligence standards are more appropriate than EPA=s AAI/ ASTM E1527-05 Phase I ESA
standard. This is especially the case in
transactions where business environmental risk is more central to the deal than
liability defenses due to issues of materiality thresholds, confidentiality,
operating facilities and/or permitting compliance.
The experiences and expertise of
dealmakers enable them to use of reliable approaches for structuring,
negotiating and closing complex contaminated property transactions that use
public/private sector partnerships.
Central to leveraging knowledge and transactional experience for
environmentally impaired land is to develop ecological assets to maximize value
in real estate. This conference will host fifty of the industry's most effective
dealmakers and participants. For
example, the East coast and West coast have different perspectives on how
sustainability and green building/LEED certification practices and evolving
underwriting standards are affecting commercial real estate and brownfield
redevelopments on both a local and statewide basis.
There
are two Sessions In Focus on day three of the conference. The first Session In Focus features the risk
management, science, engineering and legal challenges of dealing with vapor
intrusion relative to business and real estate transactions so that you can
detect and mitigate site conditions and liability issues. The second Session In Focus showcases green
building design, construction, evolving underwriting standards based on the
LEED certification process and monetizing carbon finance assets in real estate
transactions.
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