Real Estate Joint Ventures: Waterfall Structures, Developer Promote, IRR Lookback, Clawback and Catchup
Calculating and Structuring Promote, Planning for Phantom Income, and Taxation of Carried Interest
Recording of a 90-minute premium CLE/CPE webinar with Q&A
This CLE course will provide guidance to real estate counsel on the various methods of structuring waterfall provisions and promote payments to managers/developers in real estate joint venture agreements. The panel will examine the tax implications for distributions and promote payments.
- Calculating IRR and promote
- Structuring promote
- Clawback and claw-forward provisions
- Tax ramifications and allocation provisions
The panel will review these and other key issues:
- What are the various methods for calculating promote?
- What are the various methods for structuring promote provisions?
- How can counsel anticipate and plan for phantom income?
Nathaniel M. Marrs
Latham & Watkins
Mr. Marrs represents domestic and international fund sponsors and other institutional owners and operators of real... | Read More
Mr. Marrs represents domestic and international fund sponsors and other institutional owners and operators of real estate in a variety of corporate transactions, including fund formations and investments, joint ventures, portfolio and single asset acquisitions and dispositions, and financings. He has worked with open and closed-end real estate fund sponsors focused on core, value-add and opportunistic strategies.Close
Alan Van Dyke
Latham & Watkins
Mr. Van Dyke's practice focuses on advising U.S. and global fund sponsors in connection with private equity fund... | Read More
Mr. Van Dyke's practice focuses on advising U.S. and global fund sponsors in connection with private equity fund formation, operations and transaction structuring, as well as acting for fund sponsors on alternative acquisition vehicles for portfolio company acquisitions. He has extensive experience advising fund clients across a number of fund types and on all aspects of fund transactions, including fund formation, tax structuring, employee and third-party coinvestment arrangements, and governance and compliance requirements.Close