Commercial joint ventures provide the opportunity to pool resources, share expenses and risk, access other sources of knowledge and experience, and potentially use the strength of another party’s reputation or credibility to advance a real estate transaction.
We represent developers, sponsors, and investors in forming, structuring, and managing joint ventures—whether limited or general partnerships, limited liability companies, or other alliances—throughout the United States. Our services include strategic formation advice, drafting and negotiating agreements, advice on tax consequences, dispute resolution, and liquidation. We also represent joint venture entities in the development, financing, construction, and operation of their commercial real estate assets. We negotiate joint ventures relating to office, multifamily, mixed-use, residential, Low Income Housing Tax Credit (LIHTC), and energy projects.
The responsibilities of the joint venture partners are negotiated largely on the expertise, resources, and experience of each partner and what it brings to the table. Short- and long-term goal achievement for all joint venture parties are largely dependent upon effective counsel regarding structure, form, financing, management control, and appropriate dispute resolution and wind-up procedures.
