A real estate joint venture is a partnership formed between two or more parties to jointly invest in a real estate project. These parties pool their financial resources, expertise, and skills to undertake a specific project, whether it's developing residential properties, acquiring commercial real estate, or venturing into niche markets like hospitality or industrial properties. Joint ventures offer a way for investors to leverage their combined strengths to achieve mutual goals while spreading the risks and rewards.
In this seminar, attendees will learn about the various considerations and challenges that clients will face when setting up the legal structure to govern a real estate JV, including capital contributions and calls, waterfall distributions and priority of returns, management and control terms, operational expenses, taxes, deadlock resolution, transfer restrictions, exit mechanisms, and defaults and remedies.
Recorded at the Real Estate Institute in November 2023.