Cantera specializes in the acquisition, decommissioning, remediation and redevelopment of environmentally-impaired properties. We have also transacted many different types of distressed assets, including properties with known geotechnical, structural, asbestos and wetland issues.
Our team members have a unique blend of real estate and environmental experience – construction and development, environmental evaluation and remediation, insurance and legal. Since 1991, Cantera has acquired dozens of distressed assets including:
- Bulk Petroleum and Oil Terminals
- Steel Manufacturing & Processing Plants
- Logistics Terminals & Truck Parking Facilities
- Chemical Manufacturing Facilities
- Scrap Metal Recycling Sites
- Service Station Portfolios
- Dry Cleaning Plants
- Former Landfills
Cantera looks to acquire facilities “as-is” and assumes the properties’ environmental cleanup liabilities and future compliance responsibilities. Cantera’s financial strength, coupled with its experience and knowledge, can provide a final and permanent solution to owners.
Cantera is adept at developing unconventional solutions. Owners and listing agents of contaminated properties often find it difficult to create a comfort level with prospective purchasers that are not knowledgeable about environmental remedies and remediation. In certain transactions, Cantera offers robust levels of corporate indemnification and assumes all environmental liabilities in a transaction, and we are able to utilize a variety of tools:
- Asset Purchase Agreements (APAs)
- Corporate Indemnification
- Environmental Liability Transfer
- Financial and Insurance Programs
- Sustainable Planning & Development
- Transfer of Regulatory Closure Obligations