Brownfields Capital—Unlocking Value in Environmental Redevelopment

Glenn Mueller

Journal of Real Estate Portfolio Management, 2005, vol. 11, issue 1, 81-92

Abstract: Executive Summary. Brownfields Capital has an investment process that uses special purpose vehicles to contain environmental liabilities for any site and to distribute redevelopment profits to the investors, developers, remediators and site owner. The process can help owners of polluted sites address their legal liabilities of cleanup without undue financial burden. This unique process overcomes many hurdles of today's environmental laws and investment practices—hurdles that make brownfield properties unmarketable. The process uses a financial instrument and transactional structure to transfer (or “securitize”) risks and create a liability shield acceptable to institutional investors and attractive investment economics.

Date: 2005
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DOI: 10.1080/10835547.2005.12089715

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