Industry: Banks/Real Estate Financiers & Investors

For two decades, The Reynolds Group has provided services to Banks/Real Estate Financiers & Investors. Initially, The Reynolds Group was a preferred consultant to Bank of America. When the Savings & Loan (S&L) debacle occurred in early 1990's, The Reynolds Group was a designated consultant for the Federal Deposit Insurance Corporation (FDIC) as it sorted through thousands of real estate holdings that needed environmental assessment and/or remediation. Today, The Reynolds Group is asked many times every year by financial institutions or owners to provide Status Reports and Comfort Letters to banks regarding the environmental status of a project. The Reynolds Group evaluates the technical status of the environmental work and provides opinions about the potential remaining environmental costs and timing that the banks will use in their financing decision.

PORTFOLIO ACQUISTION, 30 COMMERCIAL PROPERTIES (NA)

Client:	CONFIDENTIAL MAJOR NEW YORK INVESTMENT BANK
Proj Mgr:	Ed Reynolds Jr.	Completed:	05/04/2005
Industry:	Banks/real Estate Financiers & Investors	Service:	Real Estate Due Diligence And Transaction Support
A major New York Investment Bank was pursuing the portfolio acquisition of 30 properties in southern California from a defaulted savings and loan which had been taken over by the Federal Deposit Insurance Corporation (FDIC). Environmental due diligence was required on all the properties which had a variety of potential environmental issues ranging from asbestos, lead, metals, and volatile organic compounds (VOCs) in the soil and groundwater. One of the properties, located in Long Beach, CA, contained approximately 12 acres and multiple commercial buildings. TRG was able to complete Phase I Assessments, regulatory audits and remedial cost estimates for the property transactions in a short time frame. Personnel assessed and defined environmental concerns including past agricultural use of the property, potential solvent use, past existence of underground storage tanks, and a significant off-site source of contamination that allowed the Investment Bank to quantify and understand the risks of advancing their real estate deal. This information was used by the Investment Bank to advance the acquisition.

Real Estate Due Diligence (7545.II)

Client:	Member Business Services
Proj Mgr:	Ed Reynolds Jr.	Completed:	01/23/2009
Industry:	Banks/real Estate Financiers & Investors	Service:	Not Assigned
One of The Reynolds Groups clients is company that provides out services to small banks. Essentially, the company provides many back room operations including due diligence and processing of real estate loans. This company uses The Reynolds Group exclusively to perform environmental due diligence. In a case in Corona, The Reynolds Group was contracted to complete a Phase I Envirornmental Site Assessment on on a property prior to the construction of a gas station and mini mart. TRG successfully completed the project and found no recognized environmental concerns related to the property. Construction of the future gas station and mini mart went underway.

Former Gasoline Service Due Diligence (7280.II)

Client:	KM EL MONTE INVESTORS
Proj Mgr:	Rosanne Fischer	Completed:	01/20/2008
Industry:	Banks/real Estate Financiers & Investors	Service:	Real Estate Due Diligence And Transaction Support Underground Storage Tank Removals
A nationwide coffee chain was considering purchase of a former gasoline service station parcel in El Monte, California, for redevelopment into a retail coffee house. TRG was contracted to perform a Phase I ESA for the property to determine if any issues of environmental concern existed on or near the property. Although the owner of the property at that time vowed having received regulatory closure following leaking underground storage tanks (USTs) and subsequent remediation at the former gas station, historical research by TRG uncovered that the leaking UST case remained open with the regulatory agency. The real estate transaction was suspended, pending resolution of the open UST case at the property.

Grocery Store Chain Due Diligence (7330.II)

Client:	BIG SAVER FOODS
Proj Mgr:	Rosanne Fischer	Completed:	08/04/2008
Industry:	Banks/real Estate Financiers & Investors	Service:	Real Estate Due Diligence And Transaction Support
TRG was contracted by a large grocery store chain to perform a Phase I ESA at a retail center in La Mirada, California, to determine if any environmental issues were present at the property prior to purchase. During the investigation, TRG determined that a dry cleaner operated adjoining east of the Property for more than 40 years and confirmed that PCE had been used in historical operations at the dry cleaner. Based on that information, the Client chose to implement TRGs recommendation of performing a Phase II subsurface investigation to determine if chlorinated solvents from the dry cleaner had migrated to the subject Property. Results of TRGs soil vapor survey indicated PCE in the Propertys subsurface at concentrations exceeding CHHSLs. It is unknown by TRG if the Client opted to purchase the property or not.

Recycling Center Due Diligence (7310.II)

Client:	NETAFIM
Proj Mgr:	Rosanne Fischer	Completed:	01/02/2008
Industry:	Banks/real Estate Financiers & Investors	Service:	Real Estate Due Diligence And Transaction Support
A Phase I ESA was performed by TRG on a commercial rubber recycling facility in Wasco, California. Results of the investigation indicated very poor housekeeping, including careless storage and disposal of potentially hazardous chemicals, and apparent leaking from an above ground diesel tank onto bare soil. A limited Phase II investigation performed by TRG indicated some petroleum impact in shallow soils, but at concentrations below actionable levels. Within the Phase I/Phase II report, TRG provided the Client with specific guidance in housekeeping and chemical storage practices to prevent future issues of environmental concern at the Property.

County Government Due Diligence (6985.II)

Client:	COUNTY OF RIVERSIDE
Proj Mgr:	Rosanne Fischer	Completed:	08/21/2006
Industry:	Banks/real Estate Financiers & Investors	Service:	Real Estate Due Diligence And Transaction Support
TRG was contracted by a Southland government agency to perform a Phase I ESA at five adjoining parcels in Riverside, California. An auto repair shop operated on a portion of the property at the time of inspection, and a fuel pump repair facility was discovered by TRG to have historical operated on another area of the Property for 20+/- years. Given the property uses, the questionable environmental condition of the property (ie. stained soils in several areas and overflowing oil in secondary containment for an oil tank), the Client elected to perform a Phase II investigation as recommended by TRG. Minor petroleum impact was detected in a few areas of the Property. On behalf of the Client, TRG excavated and disposed of the impacted soils. Post-excavation confirmation soil sampling established that impacted shallow soils at the Property had been successfully removed.

Environmental Consulting & Environmental Contracting