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
A live 90-minute premium CLE video webinar with interactive Q&A
This CLE webinar will guide real estate counsel on the basic components of a real estate joint venture, including attention to provisions for allocating management rights and responsibilities, manager/developer promote, structuring capital contributions (and remedies for failure to fund), distributing available cash, addressing transfer rights, and facilitating exit as a means of resolving disputes.
- Structures generally (purpose-driven)
- Capital contributions
- IRR and promote
- Clawback provisions
- Transfer rights
- Exit mechanisms
The panel will review these and other high priority issues:
- What are the various methods for calculating promote?
- What are the best approaches for structuring promote provisions?
- How can counsel anticipate and plan for phantom income?
Seth R. Hoffman
General Counsel and Senior Vice President
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
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