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Environmental Due Diligence Information Requirements and Decision Criteria

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Abstract

Environmental due diligence, now a necessary precondition to a real estate transaction, has been raised to a higher priority by the so-called Superfund legislation. Although passed a decade ago, only in the last several years have this law's implications and their significance for real estate transactions been recognized. The reality of environmental liability combined with substantially constrained capital availability for new development projects will introduce new standards of development assessment and sere to constrain the pace of development activity in the 1990s. The awareness of developers and advisors, representing institutional investors, of environmental due diligence requirements and how information generated in the due diligence process is employed in property acquisition decisions is the subject of this article.

Suggested Citation

  • Stephen E. Roulac, 1993. "Environmental Due Diligence Information Requirements and Decision Criteria," Journal of Real Estate Research, American Real Estate Society, vol. 8(1), pages 139-148.
    • Handle: RePEc:jre:issued:v:8:n:1:1993:p:139-148
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    1. Kenneth Arrow, 1962. "Economic Welfare and the Allocation of Resources for Invention," NBER Chapters, in: The Rate and Direction of Inventive Activity: Economic and Social Factors, pages 609-626, National Bureau of Economic Research, Inc.
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    Cited by:

    1. John D. Benjamin & G. Donald Jud & G. Stacy Sirmans, 2000. "Real Estate Brokerage and the Hosting Market: An Annotated Bibliography," Journal of Real Estate Research, American Real Estate Society, vol. 20(1), pages 217-278.
    2. John D. Benjamin & G. Donald Jud & G. Stacy Sirmans, 2000. "What Do We Know About Real Estate Brokerage?," Journal of Real Estate Research, American Real Estate Society, vol. 20(1), pages 5-30.

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    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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