Renova is an investor and developer of former industrial properties, commonly known as "brownfields". The Company purchases, entitles, master plans and remediates contaminated property. The Company works closely with regulatory agencies, and sees the development of a remedial strategy as a team effort between the developer, the governing agencies, and the local community. Such approach is both cost-effective and time-efficient, eliminating the need for time-consuming revisions to a remedial approach. This also provides the greatest opportunity to enhance the position of sellers as well as the communities in which the properties are located.
Renova is currently both a principal investor as well as joint venture partner to major corporate, municipal, and individual landholders. The Company is also one of the only institutionally funded brownfields companies that provide it exceptional flexibility to complete a variety of large scale projects throughout the country. Renova also has established relationships with conventional vertical developers that are important partners in concluding a successful redevelopment project.
Renova prides itself on several key strengths:
- Renova is exceptionally committed environmentally. The Company works closely with regulators to meet or exceed federal and state requirements.
- Renova is highly experienced at tackling extremely challenging cleanup problems involving a wide range of contaminants.
- Renova is an expert in the risk transfer and environmental insurance fields.
ith these strengths and its track record of acquiring, remediating and redeveloping over 20 contaminated properties, the Company has established itself as a leader in the brownfields market.