Real Estate Joint Ventures: Opportunities and Legal Risks
Strategies to Negotiate and Structure the JV Operating Agreement
Recording of a 90-minute CLE webinar/teleconference with Q&A
Conducted on Tuesday, October 4, 2011
Recorded event now available
This CLE webinar will provide guidance to real estate and finance counsel on practices to minimize financial and legal liabilities when negotiating and structuring real estate joint venture operating agreements.
Description
Traditional bank financing remains difficult to obtain, so real estate developers and investors are increasingly pursuing joint venture arrangements with private equity investors as an attractive financing alternative.
While the joint venture model offers a number of advantages, failure to carefully negotiate and structure the joint venture operating agreement will create problems and legal liabilities for all parties to the venture down the road.
Listen as our panel of real estate and finance attorneys explains the legal issues to consider at the formation of a real estate joint venture to minimize risk for the parties. The panel will outline effective strategies for determining governance and control of the venture, capital contributions and fees, and for minimizing financial and legal risk when structuring the joint venture operating agreement.
Outline
- Capital contributions and capital calls
- Distributions, allocations and other tax provisions
- Governance and control issues
- Allocating financial and legal liabilities
- Related party agreements
- Exit
Benefits
The panel will review these and other key questions:
- What are the current legal trends regarding the establishment and operation of joint ventures?
- What are the key legal considerations for determining the type of entity to establish?
- How should governance and control issues be determined?
- What risk allocation and risk shifting measures should be included in the joint venture operating agreement to protect the real estate developer or investor and the private equity investor?
Faculty
Carey W. Smith,
Partner
Arnold & Porter, Washington, D.C.
He negotiates and documents sophisticated joint venture, private equity, and debt placement arrangements for clients, primarily in the development, ownership and disposition of commercial real estate. He has handled several matters for sponsors of real estate funds, including tax and structure planning, fund formation, debt financing, and joint ventures with co-investors.
Daniel B. Guggenheim,
Pircher Nichols & Meeks, Los Angeles
He has experience representing mortgage and mezzanine lenders, commercial and residential developers, and opportunity and hedge funds in all aspects of transactional real estate, including acquisitions and dispositions of real estate and related debt instruments, workouts, development projects, and debt and equity financings (with a focus on joint ventures).
Michael D. Soejoto,
Pircher Nichols & Meeks, Los Angeles
His area of practice includes federal and state taxation, with an emphasis on partnership taxation and the taxation of real estate transactions, including real estate investment trusts and real estate investments by tax-exempt organizations.
Ordering
Online CLE - Audio Recording
Includes audio streaming of full program plus handouts (available 24 hours after live seminar).
CLE:
Pre-approved for participatory or non-traditional/alternate format credit in: CA, HI*, NY*, WV*.
Pre-approved for self-study credit in: AK, AZ, MO, MT, TX*, VT, WA.
Upon request, also available in: CO, CT*, FL, GA, ID, KY, LA*, ME, NC, ND, NE, NH, NM, NV, OR*, SC, TN, UT, WI, WY. If you are applying for credit in one of these states, make sure to select those states when placing your order.
(*Indicates that Strafford must report attendance.)
Online CLE Audio $297.00
Available 24 hours after the live event
Recorded Event
Includes full event recording plus handouts (available after live seminar).
CLE: Pre-approved for self-study credit in: AK, AZ, CA, CT, HI, MO, MT, NY, TX*, VT, WA, WV. Upon request, self-study credit is also available in: CO, FL, GA, ID, KY, ME, ND, NE, NH, NM, NV, OR, UT, WI, WY. If you are applying for self-study credit in one of these states, contact Strafford CLE at 1-800-926-7926 ext. 35 or CLE@straffordpub.com. (*Indicates that Strafford needs to process the CLE — see below to purchase this option.)
Webinar Download (Slide Presentation with Audio) $297.00
Available three business days after the live event
DVD (Slide Presentation with Audio) $297.00
plus $9.45 S&H
Available ten business days after the live event
MP3 Download (Audio with Slide PDFs) $297.00
Available 24 hours after the live event
CD (Audio with Slide PDFs) $297.00
plus $9.45 S&H
Available ten business days after the live event
Webinar/Teleconference
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Program Materials
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Program Materials
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CLE Credit
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Customer Reviews
The program covered a fair amount of material in a short time period.
Dawn Sharff
Bradley Arant Boult Cummings LLP
The presentation was not too long, but included a great deal of information. The speakers kept to their times and provided an opportunity for questions at the end.
Amy E. McShane
Phillips Lytle LLP
I appreciated that there was a great deal of current case law on the subject and the speakers were concise and informative.
Thomas G. Mancuso
Haskell Slaughter
Length was ideal and the topic was timely. Excellent!
Jeanette Henderson
University of Washington
Very good current, practical and applicable discussion and information provided.
Matthew Moore
Clawson & Staubes, LLC
Real Estate Law Advisory Board
Partner
Alston & Bird
Partner
Stroock & Stroock & Lavan
Partner
Robinson & Cole
Of Counsel
Jenner & Block
Partner
Bryan Cave
Of Counsel
K&L Gates
Counsel
Kilpatrick Townsend & Stockton
Partner
Jones Day
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