Real Estate Joint Ventures
Crafting Complex and Effective Arrangements
In today’s opportunistic commercial real estate market, the appeal and necessity of real estate joint ventures continue to bring together sponsors, capital partners, co-investors, LPs, and other stakeholders across asset classes. Our extensive experience structuring, negotiating, and drafting these joint ventures, including complex multi-tier structures, property contributions, programmatic joint ventures, recapitalizations, and co-GP arrangements, allows us to counsel our clients through any venture transaction so they can focus on how best to minimize risk and exposure while maximizing returns and tax efficiencies. We bring that experience to bear in setting up practical, realistic documents that allow the parties to achieve their goals efficiently, with minimum conflict between stakeholders. We understand the perspective of all parties in these relationships, and work alongside our clients to navigate partnership matters throughout the transaction lifecycle.
Share AwardsOur Experience
working on joint venture transactions
Our Approach
Our team takes an interdisciplinary approach to each real estate joint venture transaction — bringing together specialists from the tax, environmental, construction, private equity/investment funds, finance, and corporate groups as needed — to address the full range of issues that arise in these nuanced deals. Our team is nationally recognized for their experience representing both sponsors and investors in joint ventures, and given the depth of our real estate practice, we are often chosen to also represent these ventures in their acquisitions, financings, development, leasing, dispositions, and other investment activities.
- REITs
- Private equity funds
- Developers and syndicators
- Property owners and operators
- Public and private real estate companies
- Life insurance companies, pension funds, endowments, family offices, and other institutional investors
- Managing leasing
- Optimizing tax and ERISA structuring
- Recapitalizations of existing joint ventures
- Advising on environmental and permitting issues
- Guiding large portfolio acquisitions and dispositions
- Counseling on partnership and other related disputes
- Handling workouts, restructurings, and other distressed situations
- Advising international investors looking for US-based property interests
- Developing sophisticated — but practical — agreements for long-term relationships
- Assisting with acquisition and construction financing and addressing guarantee requirements
- Structuring joint venture agreements for single property acquisitions, contributions of properties or entity interests, programmatic platforms, co-GP arrangements, and other co-investment vehicles