Global Definitions Database

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

Used in

Source

Topic

Phase III 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 by the confirmation of environmental contaminants discovered during a Phase II Environmental Site Assessment (ESA); determines the extent of environmental contaminants and the amount of soil and groundwater impacted; allow parties involved to develop a Remedial Action Plan (RAP) to remove environmental contaminants from the property.

Source: NCREIF | Date: 09 September 2025 | ID: D1353 | Version: 1