When DuPont spun off its performance chemicals assets into a new company, Chemours, they needed ALTA surveys and zoning reports on all assets. The real estate portion of the transaction involved approximately 35 industrial properties varying in size from 10 acres to over 3000 acres. With a lengthy history with DuPont, they turned to EMG for ALTA surveys and zoning reports for the unusually complicated due diligence process.
During the year-long due diligence process, real estate records were researched and examined then applied to each of the appropriate real estate assets. Many records were found in old DuPont files that were not indexed or recorded. The extensive experience of the EMG ALTA team allowed for these documents to be referenced and shown on each survey. Due to the nature of some of the larger properties, the EMG ALTA team offered alternative solutions that were more cost effective than a standard ALTA survey.