Acquisition of Environmentally Impaired Real EstateIRG has the ability to acquire brownfield properties of all sizes where there is some type of environmental impairment. We are experts in balancing the preferences of stakeholders and integrating the environmental clean-up with the development plan to achieve the highest and best use of a property. Throughout this process, we work with developers, planners, and the associated communities to create mutually beneficial outcomes. Investment CriteriaOur ideal investment parameters are as follows: Contaminated Value / Clean Value – Typically, we acquire real estate with a current “contaminated” market value of $25 million or less and environmental liabilities from $1 million to hundreds of millions. We will consider properties with a “contaminated” market value in excess of $25 million, and we will consider properties where the liabilities exceed the "clean" market value of the land. Environmental Impairment – IRG prefers situations where the diagnosis of the environmental impairment is in its earliest stages, as it allows us to draw upon our resources and expertise to tailor site-specific solutions for the unique risk factors involved. IRG will gladly analyze all opportunities, and with minimal information, we can provide a preliminary opinion on our appetite for acquisition and ability to provide value. No deal is too big, and no deal is too small. Related Transactions
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