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In this month's episode, our host Alan Agadoni, SVP Environmental Due Diligence solutions at LightBox, and a panel of experts discuss results from LightBox's 2024 PFAS Due Diligence Benchmark Survey. On our panel is Georgie Nugent, Environmental Division Director at McFarland Johnson, Jon Kitchen, who is a Principal at Civil & Environmental Consultants, Inc., and Victor DeTroy, National Practice Leader, Due Diligence Services, AEI Consultants. They discuss trends in the data and whether the industry has reached a consensus on how to conduct and interpret the results of PFAS due diligence for commercial real estate transactions.

0:38 Panel & episode intro

4:30 Are you following ASTM-21, and if so, what are you doing differently?

7:15 When is it appropriate to include a dedicated PFAS section in EPs' reports?

11:25 Are consultants seeing pricing accommodations or any pricing changes made for additional time spent including additional sections?

14:20 What is your clients' level of interest in assessing PFAS risk?

20:00 Do you always include PFAS in the scope of your ESAs?

21:40 If you include PFAS in your Phase I ESA, what types do you include in your consideration? Does the type depend on the report?

27:40 ESA risk reporting: how do you label known or suspected PFAS conditions in your reports?

31:10 What would you estimate as the approximate percentage of your Phase IIs to investigate PFAS risk?

34:35 Do you consider an industrial property listed by EPA as a facility that may have handled PFAS, based on industry code only, to be a recognized environmental condition?

38:55 Are PFAS conditions impacting CRE deals that environmental professionals are involved with? In what ways?

42:45 How far are we on the road to consensus on PFAS due diligence?

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In this month’s episode, Alan Agadoni, SVP Environmental Due Diligence Solutions at LightBox, talks with Matt Lesh, Chair of the ASTM E2247-23 Task Group and Professional Geologist at SLR International Corporation. They discuss the latest updates to the ASTM standard for Environmental Site Assessments on forestland and rural properties, how it compares to E1527, and the recent EPA recognition of E2247-23 for CERCLA’s All Appropriate Inquiries.

00:35 Meet Matt Lesh: From Geologist to Task Group Chair

02:14 The Evolution of Timberland Assessments

05:59 Key Differences Between Standards 1527 and 2247

10:49 Practical Applications and Client Considerations

25:13 Challenges and Safety in Field Assessments

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This month, host Alan Agadoni talks to Jim Bartlett, Senior Vice President at Bureau Veritas, about the latest ASTM standard developments, updates to key due diligence guidelines, and the introduction of new standards for PCA, ADA, and drone assessments.

00:11 Meet Jim Bartlett: Insights on ASTM Standards

01:51 Understanding ASTM Committees and Standards

07:44 Key Changes in ASTM Standards

09:21 Deep Dive into Property Condition Assessments (PCA)

17:10 Upcoming ASTM Standards and Innovations

26:50 The Future of ASTM Standards with Emerging Technologies