FREE WEBINAR - Protect Your Bank From Vapor Intrusion Liability

Wednesday, February 16, 1:00-2:00 EST

Who should attend: Risk managers at national, international, regional and community banks, SBA lenders, national opportunity funds, institutional investors with high tenant exposure, debt and b-piece buyers, CMBS players, and life insurance lenders.

Meeting Description:

Vapor intrusion, also called vapor encroachment, is an indoor air quality issue that is creating liability for borrowers and, in the case of foreclosures, their lenders. Over the past few years, regulatory actions by the U.S. EPA and state environmental agencies, coupled with a growing number of class action lawsuits, have brought vapor intrusion to the forefront. Environmental attorneys are encouraging banks and purchasers to assess vapor intrusion risk up front, and new tools are emerging to allow vapor intrusion risk to be screened easily and cost-effectively. Great news: In just one hour, you can learn everything you need to know to start protecting your bank—and your borrowers—from vapor intrusion liability.

What you’ll learn:  

►  What vapor intrusion is, and why it has become such a hot button issue

►  The current state of the lending sector’s awareness of vapor intrusion

►  Why attorneys are encouraging lenders to proactively minimize their exposure to vapor intrusion risk

►  Which properties pose the greatest risk of litigation

►  How lenders are incorporating vapor intrusion into their environmental policies

►  Which screening methodology is becoming the preferred evaluation approach

►  What VI means for lenders that are revisiting older loans—even those that were subject to environmental due diligence on origination

►  What convinced one lender to recently revise his bank’s policy to require vapor intrusion screens

Speakers:

Dianne Crocker, managing director, EDR’s Market Research Group
Anthony Buonicore, P.E., DEE, The Buonicore Group
Brendan Lowrey, Esq., Thompson & Knight LLP
Mike Tartanella, Environmental Risk Specialist-AVP, Capital One Bank

Host: Dianne Crocker
Date: February 16, 2011
Time: 1:00 PM EST

Dianne Crocker is a senior economist and managing director of EDR's Market Research Group. Responsible for providing EDR’s clients with strategic data and analysis on environmental due diligence trends, Ms. Crocker gives presentations about environmental risk at industry conferences and client workshops across the country. She is a frequent contributor to leading commercial real estate, lending and environmental magazines, and her column, "Inside the Industry," appears monthly in EM, the magazine of the Air & Waste Management Association.

Brendan Lowrey an attorney with Thompson & Knight, focuses his practice on permitting, compliance counseling, and administrative and judicial litigation in environmental matters before local, state, and federal environmental agencies and state and federal courts. He represents clients in various industry and commercial sectors, including construction, steel, recycling operations, petroleum refining, organic chemicals, oil and gas exploration and production, transportation, medical, and real estate development.

 
Anthony Buonicore, P.E., is president of the Buonicore Group, a real estate and energy/environmental risk management consulting company. A past president and Fellow Member of the Air & Waste Management Association, Mr. Buonicore is also a Diplomat in the American Academy of Environmental Engineers, a Qualified Environmental Professional, and a licensed professional engineer. He is a member of the ASTM Property Environmental Due Diligence committee, former chairman of its ASTM Phase I Task Group, and currently chairs the ASTM Task Group that developed the U.S. standard for vapor intrusion assessment in real estate transactions.

SIGN UP HERE - http://www.edrnet.com/index.php?option=com_content&view=article&id=555&Itemid=51