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Equity Group

Nova has developed a reputation for national leadership in providing due diligence services. Acknowledging that there is no “one size fits all,” our group is committed to providing Nova clients with customized solutions at all points in the real estate cycle. This starts with understanding the scope of a project.

We advise in areas such as acquisition, disposition, pre/mid/post-lease, and capital planning. Our due diligence team shifts to meet a client’s specific needs and goals. By focusing on a client’s needs, Nova’s Equity Group can determine appropriate scope and thus deliver value and favorable cost/benefit solutions to solve many real estate problems.

Justin Lia, P.E., LEED AP | VP, Equity Group Manager

Mr. Lia has 30 years of experience in the industry. With experience as a contractor, a construction inspector, a design engineer, a forensic engineer, and a due diligence advisor, he leverages a deep technical skill set to serve equity and corporate clients with demanding real estate needs. His experience with CRE transactions ranges from the smallest jobs to single buildings valued in excess of $1B, and portfolios valued in excess of $3.5B. Complex, transactional due diligence is what he does best.


Timothy Badger | Senior Project Manager

Mr. Badger is an Environmental Professional with a diverse technical background and experience conducting and reviewing Phase I Environmental Site Assessments (ESAs), conducting Phase II subsurface investigations, asbestos remediation, and conducting indoor air quality (IAQ) assessments on all asset types and classes.  Mr. Badger holds national accreditation under the Asbestos Hazard Emergency Response Act (AHERA), and States of Illinois and Indiana accreditation to conduct asbestos building inspections. He also holds American Association of Radon Scientists and Technologists National Radon Proficiency Program (AARST-NRPP) accreditation and State of Illinois accreditation to conduct radon concentration measurements. He leverages his technical ability and exceptional communication skills to consistently deliver solutions to our clients and specializes in bridging the gap between the complex environmental issues and the equally complex business problems facing our clients. Mr. Badger has a national focus and is located in Chicago, IL.


Rick Grismer, AIA | Account Manager

Mr. Grismer is a licensed architect with over 40 years of experience in architecture, construction, construction management, and due diligence reports. His architectural experience has spanned from the Midwest to the western states. He has lectured on CAD development in England, France, and Ireland. Rick is an Account Manager focused on supporting the Chicago market.


Tom Favino, M.E.P. | Senior Project Manager/National Practice Leader

Mr. Favino has over 30 years of experience in the building and construction industry. He is a subject matter expert in the fields of HVAC, Plumbing, Fire Protection and Electrical (“M.E.P.”) systems and building construction. Mr. Favino provides a unique and in-depth insight perspective for commercial real estate projects. Tom is based in Hallandale, FL.


Edward (Ed) Lehman, AIA, BECxP, CxA+BE, RRO, CEI, REWC. REWO | Senior Building Enclosure Consultant

Edward is a National Account Manager focusing on building sciences practice as part of Nova’s Equity Group. He is a Licensed Architect in the states of Georgia, Florida, and Colorado, and has over 15 years of professional experience in commercial construction and the building science consulting industry, including Building Enclosure Commissioning (BECx), existing building rehabilitation, field performance testing, and construction administration. He has worked on all varieties and scales of projects throughout the United States and the Caribbean. Edward is based out of the Atlanta, Georgia area.