Current trends in Federal Brownfield Initiatives as well as State and Municipal Property Redevelopment Programs have made the rehabilitation of
former commercial and industrial properties an attractive and economically sound opportunity. In order to help our clients identify these
opportunities, NewFields has recently formed Asset Restoration, LLC. Asset Restoration has been created to provide strategic and profitable
solutions for the acquisition, divestment, and restoration of environmentally impaired properties. Asset Restoration is a unique team of equity
partners consisting of environmental engineers, commercial real estate developers and brokers, and environmental and real estate attorneys. The
combination of these experts allows for a unique understanding of the environmental perception issues that are faced when implementing property
management decisions designed to maximize asset value while minimizing environmental liability.
Asset Restoration provides innovative and cost-effective assessments to ensure prompt conveyance of valuable real estate assets. Our experts have
worked closely with corporate real estate managers to develop strategies for acquiring or divesting multi-site real estate portfolios globally.
Frequently, many major companies are burdened with a portfolio of environmentally impaired properties that are no longer income producing and
often appear as an endless cycle of environmental management costs that degrade P&L statements and stock-holder value. Asset Restoration offers
to assume the known environmental liability in exchange for a negotiated sale or equity stake of the property. This in turn allows the owner to
reduce their environmental reserve and management portfolio costs – which often translates into environmental management resources that can
shift to higher priorities within your environmental program.
- Environmental risk management strategies including liability transfer to Asset Restoration
- Environmental site evaluations, alternative land-use, and site restoration strategies
- Decision theory and cost probabilistic analysis to perform cost-benefit analysis of asset value versus environmental liability
- Regulatory agency negotiations including technical and legal support for voluntary cleanup programs, risk-based closures, land-use zoning, and Brownfield programs
- Environmental insurance support including objective legal advice on various insurance coverage scenarios
- Current real-estate market analysis
