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Many corporations are left retaining environmental liability and Sarbanes-Oxley reserve and reporting obligations on properties that they no longer utilize due to downsizing or through mergers and acquisitions. These properties often remain abandoned or underutilized. Damage to the corporate "brand" from the stigma of leaving a community with an abandoned property and lost jobs has many corporations seeking a more "graceful exit strategy".
Synapse's expertise and strategic partnerships facilitate legacy property restoration, redevelopment and resale opportunity through:
- Identifying and quantifying environmental liability on an individual property basis or for real estate portfolios;
- Repackaging real property assets for development;
- Regulatory negotiation and management;
- Selection of a remedy that is reflective of the end use and risk appetite of parties involved.
- Deal structuring that provides risk sharing and liability transfer while meeting financial objectives.
- Cost recovery from a viable responsible party, if applicable, to lend financial support to the project.
- Identifying property developers and end-users
- Maximizing Federal, State and Local incentive packages
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