Engineer Real Estate

diligence industry. Mr. Derhake has successfully

purchased and integrated four (4) due diligence companies

into the Partner framework. The largest of these M&A

Joseph Derhake, PE transactions was the 2009 purchase of LandAmerica

President Assessment Corporations (LAC). Mr. Derhake presides

over a large scale staff and systems integrations that have

***@**********.***

created great opportunity for the continuing LAC managers

and catapulted Partner to the top of the due diligence

provider ranks.

Education Partner s position in the due diligence industry has afforded

Mr. Derhake great access to key policy credit managers

MBA, University of Southern California

with national and regional lenders. Mr. Derhake has

B.S. Civil Engineering, Michigan State University

participated in the writing and reviewing of environmental

Registrations and engineering due diligence policies for over six large

financial institutions. In this role, Mr. Derhake combines

Registered Professional Civil Engineer in five states:

his technical expertise gained from 20 years of due

California, Arizona, Tennessee, Texas, New York

diligence and his business expertise and knowledge of the

EPA Accredited Asbestos Inspector, Management Planner,

world of real estate finance.

Designer, Contractor Supervisor (not current)

Contractor s License Engineering A

Mr. Derhake has served as a staff engineer, project

NICET Certification -- Geotechnical

manager, or executive senior author on over 10,000 real

ASTM Property Condition Assessment Certification

estate transactions. His due diligence resume includes

Affiliations experience at all levels, including advising lenders and real

estate investors through the following product types:

Member, Environmental Banker s Association

Member, Mortgage Banker s Association

Environmental

Member, Building Operators and Managers Association

Phase I Environmental Site Assessments

Member, American Society for Testing & Materials-ASTM

Phase II Subsurface Investigations

Member, American Society of Civil Engineers

Remedial Cost Estimates

Experience Summary Environmental Transaction Screens

Asbestos, Lead Paint, Mold Consulting

Mr. Derhake serves as the President of Partner Engineering

Geoscience

and Science, Inc., a national engineering and environmental

Remedial Investigations

consulting firm.

Soil & Groundwater Remediation Design

Fate and Transport Modeling

Mr. Derhake has twenty years of experience managing and

Geotechnical Soils Reports

performing environmental and engineering consulting. He

Forensic Analysis

began his career as a project engineer, then project

Building Engineering

manager, client relationship manager, executive manager,

Property Condition Assessments

and eventually became a successful entrepreneur who has

Probable Maximum Loss Reports

innovated and advanced the profession.

Physical Needs Assessments

Document Cost Reviews

As President of one of the largest due diligence firms in the

ALTA Surveys

country, Mr. Derhake has pushed innovations in the due

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Environmental Geoscience

As President of one of the largest environmental due As an environmental design engineer and project manager,

diligence firms in the country, Mr. Derhake touches many Mr. Derhake has a significant portfolio of closed sites. The

environmental site assessments. Partner actively supports a following table includes some of the contaminants Mr.

wide range of client types and provides environmental due Derhake has removed and some of the technologies used:

diligence within the normal customs and scope of work for

each of the following client types: Contaminants Remedial Technologies

Gasoline/Diesel Soil Vapor Extraction

Portfolio Lenders Banks

Free Product Floating on

Agency Lenders Fannie Mae and Freddie Mac Air Sparging

Groundwater

FHA HUD Lenders

SBA Lenders Lead, Arsenic, Chromium Dual Phase Extraction

CMBS Lenders

Pesticides Pump and Treat

Insurance Lenders

Equity Owners PCBs Ozone Sparging

Corporate Portfolio Owners Chlorinated solvents In-situ Chemical Oxidation

Bioremediation (in-situ and

Acetone

Remedial Cost Estimates allow real estate professionals to

ex-situ)

prudently complete transactions on contaminated property,

Toluene Bio-sparging

and this consulting product has become one of Mr.

Fuel, Solvents, Metals Excavation

Derhake s specialties. The prerequisite to a sound Remedial

Cost Estimate is a sound Phase I, Phase II, and Phase III.

With adequate assessment and characterization data in Mr. Derhake has worked as a field engineer, a laboratory

hand, Mr. Derhake can leverage his remedial design and technician, and a design engineer in support of geotechnical

implementation experience to produce a reliable estimate. engineering. Mr. Derhake has supported the soil reports

and foundation design for a wide range of construction

Understanding the extent and threat posed by a subsurface projects including: cell towers, retail stores/restaurants,

release is one of Mr. Derhake s most valuable points of multi-family residential developments, single family

expertise. He has over twenty years of experience in testing residential developments, and major shoring projects.

soil, soil gas, and groundwater in the context of real estate

Building Engineering

transactions, as well as under the supervision of state or

federal regulators. Mr. Derhake has guided hundreds of For the past 15 years Mr. Derhake has actively counseled

landowners through the process of site characterization, real estate investors on the physical conditions of the

gaining an approved remedial action plan, implementing commercial buildings that they purchased.

remedial technology, and ultimately gaining site closure.

Mr. Derhake has inspected and managed thousands of

Mr. Derhake has consulted on dozens of real estate Commercial Building Inspection / Property Condition

transactions where one or many sites represented Assessment projects across a wide range of asset types.

significant environmental liability. In these instances Mr. Mr. Derhake has provided building engineering consulting

Derhake has applied tools such as Remedial Cost Estimates services in support of real estate financing activities as well

for single site projects or applied actuarial techniques to as real estate purchase decisions. Currently, Mr. Derhake

quantify the liability for a large portfolio of sites. During runs one of the largest commercial real estate inspection

these engagements Mr. Derhake often worked in multi- firms in the country and Partner s very broad practice

stakeholder environments where buyers, lenders, and supports a wide range of client types including: Fannie Mae

insurance companies needed to rely on the work product. DUS Lenders, Freddie Mac Lenders, FHA/HUD Lenders,

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CMBS Lenders, as well as a large and diverse equity Speaker at the National Brownfield Association s Big

clientele. Each client type and industry has unique needs Deal Conference in March of 2009 on the subject of

and formats. Mr. Derhake and Partner are experts at LEED Development.

customizing Commercial Building Inspections and Hosted Probable Maximum Loss webinar series.

Property Condition Reports to the needs of a specific client Chair of a panel discussion at the Environmental

type. Bankers Association on the subject of environmental

loss during the 2009-2010 recession.

Mr. Derhake has been performing Probable Maximum Loss

Articles and Publications

reports as a registered engineer for Fannie Mae and CMBS

Lenders for the past 15 years. Mr. Derhake is a rare

combination of a California registered engineer who Writes the monthly Industry Thought Leader column for

Globe Street (web) and Real Estate Forum (magazine).

actively inspects property and regularly meets with DUS

Lenders. While much of the PML work is done by

ROI on Property Condition Assessments, Commercial

subcontracted engineers who never interact with clients,

Investor Real Estate (CIRE), May, 2011

Mr. Derhake is making engineering decisions and

explaining these decisions to DUS Lenders and borrowers Managing Seismic Risk, RMA Journal, June 2010

on a weekly basis.

Understanding PMLs and Managing Engineering

Providers, Commercial Mortgage Finance, summer 2009

Mr. Derhake has conducted dozens of webinars to train

brokers, borrowers, and lenders on how PMLs are

California Getting Real Energy, ENR, March 2009

calculated, ASTM Standards for PMLs, and what drives

seismic risk. Mr. Derhake has published three articles and Lender s Tolerance for Environmental Risk, RMA Journal,

several blogs on the subject of seismic risk assessment. February 2009

New Law Ranks Commercial Buildings by Efficiency,

Expert Witness

GlobeSt.com, December 2008

Mr. Derhake has served as an expert witness in over a

dozen lawsuits. He has testified several times in front of

New Energy Disclosures Required by Assembly Bill 1103,

juries, judges, and mediators. California Mortgage Finance News, November 2008

Speaking New Due Diligence Needs for SBA Loans, Scotsman

Guide, October 2008

Mr. Derhake speaks regularly at industry events and

EBA Technical Committee Risk Tolerance Survey, June

conferences. Engagements include: 2008

Speaker at the Risk Managers Association (RMA) Probable Maximum Loss Article, Scotsman Guide, June

2008

Credit Committee on the effects of the latest Federal

All Appropriate Inquiries (AAI) standard for Phase I

The New Vapor-Intrusion Standard, Scotsman Guide, May

Environmental Site Assessments.

2008

Participation in the Real Estate Industry Roundtable on

due diligence during a real estate transaction.

Frequent speaker and/or panelist at the Environmental

Bankers Association conferences.

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