Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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Phase II Environmental Site Assessment (ESA)

A study of a property and its surrounding area to determine whether there are any hazards to the environment and human health triggered when a Phase I Environmental Site Assessment (ESA) identifies a Recognized Environmental Condition (REC) or the potential for soil contamination; determines the presence, or absence of, petroleum products or hazardous waste in the subsurface of a site and includes sampling and laboratory analysis to confirm the presence of hazardous materials.

Source: NCREIF | Date: 09 September 2025 | ID: D1351 | Version: 1