Current Trends in Real Estate Joint Ventures

A joint venture is a relationship, the success of which requires that the interests of both the sponsor and the investor be aligned, not only at the outset, but throughout the project. To achieve this, not only is a strong grasp of the scope and time frame of the project itself essential, but also a thorough understanding of the parties’ motivations and perspectives combined with a firm command of the issues and an adroit approach to resolving them. This 90-minute webcast will provide practical guidance to attorneys in drafting and negotiating joint venture agreements by discussing many of these leading-edge and evolving issues, including: • Performance standards for Sponsor/Managers • Scope of a Manager’s responsibilities • Restrictions on a Manager’s authority, including Major Decisions • Contributions and distributions • Sponsor’s Promote • Consequences for funding defaults • Consequences for Manager defaults, including removal and loss of Promote • Exit rights, including buy/sell, forced sale, and put and call options