Addressing Vapor Intrusion
A New Standard for Environmental Due Diligence
Real Estate Finance and Investment
3/17/2008
Susan Phillips
A new standard just published by ASTM International should greatly assist parties involved in any aspect of a real estate transaction. The standard, "Assessment of Vapor Intrusion into Structures on Property Involved in Real Estate Transactions," is intended to address an inconsistent approach to vapor intrusion. It provides a tool for ruling out vapor intrusion or addressing further assessment in a pragmatic and cost-effective manner.
In this article, published on March 17, 2008 in Real Estate Finance & Investment, Mintz Levin attorney Susan Phillips describes the new standard on vapor intrusion, published by ASTM International, and anticipates the impact it will have on commercial, industrial and residential real estate.
