[POUNCEY, GERALD] Significant opportunities continue to exist in today's commercial real estate market for the purchase of environmentally contaminated properties at a price substantially below the real impact of the contamination on the property's value. The key aspect to taking advantage of the opportunities presented by environmentally contaminated properties is conducting the appropriate due diligence in order to quantify the risks and impediments associated with the contamination. Once that due diligence is complete, the purchaser is able to use a combination of the risk allocation devices described above to reduce or eliminate the risks associated with the contamination while obtaining the property at a reduced price...[
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