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The purpose of a Phase I Environmental Site Assessment is to gather sufficient information to develop an independent professional opinion about the environmental condition of the property and to identify actual or potential environmental contamination which may impact the property value or effect claim to an “innocent land owner” exemption following acquisition. SEC completes comprehensive Environmental Site Assessments (ESA) in accordance with the United States Environmental Protection Agency (USEPA) Standards and Practices for All Appropriate Inquiries {(AAI), 40 CFR Part 312} and guidelines established by the American Society for Testing and Materials (ASTM) in the Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process / Disignation E 1527-05 (ASTM Standard Practice E 1527-05): Phase I Environmental Site Assessment, for real estate transactions, property development, bank financing, re-financing, and foreclosures, and other in-house proactive audit programs.