2022 Joint Ventures in Real Estate, Part 1

Real estate joint ventures leverage the capital and expertise of partners to develop and operate or sell projects of every size. These joint ventures can take different forms – contractual or entity-based – and often involve a complex mix of equity and debt, preferential returns, and various types of fees. Third parties, including contractors, may have profit participation rights.  Real estate joint ventures are highly complex exercises in finance and risk management. This program will provide you with a real-world guide to types of real estate joint ventures, major capital structuring issues, and drafting the major provisions of the underlying documents.

Day 1:
•    Entity selection for joint ventures
•    Structing competing interests of investors, developers, and lenders
•    Capital structure – getting the right mix of equity, mezzanine financing& long-term debt
•    Initial and subsequent capital contributions of partners

Day 2:
•    Management and information rights 
•    Guarantees issue in joint ventures
•    Structuring ordinary and liquidating distributions
•    Valuation and sales/exchanges of partnership interests