<format type="json">{report_id: string, property_address: {street: string, city: string, state: string, zip_code: string, parcel_id: string optional}, due_diligence_date: date, property_details: {property_type: string, lot_size_sqft: number optional, building_sqft: number optional, year_built: number optional}, environmental_findings: array of {report_type: string, date_of_report: date, consultant: string, findings: array of {contaminant_type: string, location: string, risk_level: string, remediation_required: boolean, estimated_cost: number optional}}, structural_findings: array of {report_type: string, date_of_report: date, consultant: string, issues: array of {issue_description: string, severity: string, recommendations: string, estimated_repair_cost: number optional}}, zoning_compliance: {current_zone: string, permitted_uses: array of string, non_conforming_issues: boolean, notes: string optional}, legal_encumbrances: array of {type: string, description: string, impact_on_property: string, cleared_status: boolean} optional, overall_risk_assessment: {summary_assessment: string, total_estimated_mitigation_cost: number optional, recommendation: string}}</format> <data>MEMORANDUM

TO: Investment Committee
FROM: Due Diligence Team
DATE: 2024-10-07
SUBJECT: Analysis of Property at 88526 Manuel Trail Suite 320, East James, Indiana 92924 (Report ID: DDR-2024-387-Indiana)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a multifamily facility reportedly constructed circa 2021. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as R-1 General Commercial, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Harris, Williams and Patel, identified several key issues. The most recent report dated 2024-07-30 highlighted a high risk of Asbestos in the Roofing materials (est. cost: $0). This follows an initial Phase I that suggested the need for further subsurface investigation.

In conclusion, our analysis indicates a low risk. The cumulative financial exposure for the identified deficiencies is estimated to be in the region of $0, though this figure is preliminary. Based on these findings, our recommendation is as follows: Proceed with acquisition. Issues identified are considered minor and within typical operational budgets.</data>
{
  "report_id": "DDR-2024-387-Indiana",
  "property_address": {
    "street": "88526 Manuel Trail Suite 320",
    "city": "East James",
    "state": "Indiana",
    "zip_code": "92924"
  },
  "due_diligence_date": "2024-10-07",
  "property_details": {
    "property_type": "multifamily",
    "lot_size_sqft": 447701,
    "building_sqft": 309163,
    "year_built": 2021
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2023-11-18",
      "consultant": "Harris, Williams and Patel",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2024-02-21",
      "consultant": "Lawrence Group",
      "findings": [
        {
          "contaminant_type": "Lead-based paint",
          "location": "Groundwater",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "VOCs",
          "location": "Roofing materials",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "Asbestos",
          "location": "Roofing materials",
          "risk_level": "high",
          "remediation_required": true
        }
      ]
    },
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-07-30",
      "consultant": "Davis, Parks and Harris",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-01-23",
      "consultant": "Myers, Gibson and English",
      "issues": [
        {
          "issue_description": "Respond about itself special laugh change suggest magazine in the roof trusses.",
          "severity": "minor",
          "recommendations": "Play similar goal cause perform reveal of brother interest store."
        },
        {
          "issue_description": "Degree director near often consumer character foot girl in the load-bearing walls.",
          "severity": "significant",
          "recommendations": "Suggest book paper soon skin wish time apply."
        },
        {
          "issue_description": "More skin price decide still much prove company collection whose in the roof trusses.",
          "severity": "minor",
          "recommendations": "Successful cause probably above manager always remember."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "R-1 General Commercial",
    "permitted_uses": [
      "drive",
      "cut",
      "according",
      "least",
      "member"
    ],
    "non_conforming_issues": false,
    "notes": "Nor risk check purpose."
  },
  "overall_risk_assessment": {
    "summary_assessment": "low_risk",
    "recommendation": "Proceed with acquisition. Issues identified are considered minor and within typical operational budgets.",
    "total_estimated_mitigation_cost": 0
  }
}