President & CEO
Environmental Liability Transfer, Inc.
Randall Jostes founded Environmental Liability Transfer, Inc. (ELT) in 2004. At the time, Jostes was serving as Vice President of Acquisitions for Commercial Development Company, Inc. (CDC). During his five year tenure in acquisitions Jostes successfully expended $117,400,000 for the purchase of 10,750,000 square feet of commercial and industrial facilities. A majority of the sites acquired by Jostes possessed significant ongoing environmental obligations. To maximize return on investment Jostes assembled a team of environmental specialists in the fields of underwriting, abatement, insurance, law and regulatory affairs. Ultimately Jostes’ CDC portfolio proved immensely profitable and the decision was made by CDC and Jostes to launch ELT.
Under Jostes’ guidance, ELT has ascended to a leading position in the real estate acquisition and environmental liability transference and assumption market. In concert with CDC, ELT has assumed over $1 billion in corporate environmental liabilities to date. As President and CEO Jostes provides leadership to a team of real estate, environmental, legal and insurance experts dedicated to acquiring, abating and developing contaminated real estate throughout North America.
In his position at ELT Jostes advocates nationally for brownfield acquisition and sustainable redevelopment. Jostes has been a guest speaker at the last four National EPA Brownfield conferences. Jostes also serves as an advisory board member and speaker for the RTM Sustainable Property Transactions series of conferences. In 2011 Mr. Jostes was pleased to serve as an instructor to professors at Rutgers University regarding the burgeoning brownfield market. On multiple occasions, Jostes has been an invited speaker concerning New Jersey Brownfield Development. In many instances, Mr. Jostes’ speeches serve to provide attorneys with continuing legal education credits in the fields of real estate law and environmental law.
Jostes is active in his community and serves on the board of Fellowship of Christian Athletes. In addition Jostes serves as President of the Varsity M board. Varsity M is the association of alumni letter winners at the University of Missouri.