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
Note: CPE credit is not offered on this program
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE course will guide real estate counsel through the basic components of a real estate joint venture, including attention to provisions for allocating management rights and responsibilities, establishing manager/developer promote, structuring capital contributions (and remedies for failure to fund), distributing available cash, reflecting the agreed transfer rights, providing for an orderly exit (if appropriate), and resolving disputes.
- Capital contributions
- IRR and promote
- Transfer rights
- Exit mechanisms and Dispute Resolution
The panel will review these and other high priority issues:
- What are the various methods for calling capital and penalizing those who fail to fund?
- What are the best approaches for structuring promote provisions?
- What transfer rights should apply to limit transferring interest in a joint venture?
- Is the ongoing pandemic impacting joint venture terms and, if so, how?
Seth R. Hoffman
Mr. Hoffman is Senior Vice President and General Counsel of Fairstead where he oversees all legal aspects of the firm,... | Read More
Mr. Hoffman is Senior Vice President and General Counsel of Fairstead where he oversees all legal aspects of the firm, including all transactions, corporate activities, and risk management. Fairstead is a real estate investor, developer, owner and operator.Close
Benjamin R. Weber
Sullivan & Cromwell
Mr. Weber has experience in a broad range of commercial real estate, corporate finance, and private and public... | Read More
Mr. Weber has experience in a broad range of commercial real estate, corporate finance, and private and public securities transactions, including acquisitions and dispositions, corporate and partnership restructurings, securitizations, financings, private equity investments, and public and private offerings of debt and equity.Close