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Real Estate Joint Ventures Series

For all questions please contact Khadijah Kellogg at email or 312-988-5260.

 

Real estate joint ventures come in countless shapes and sizes, with significant variation in the goals and purposes of each joint venture.  From the location of the real estate investments, to a client’s relative level of sophistication, even for the most seasoned counsel, creating a joint venture can pose unique legal challenges.  Structuring the joint venture to a client’s specifications requires specific attention to issues such as promote hurdles, guaranty obligations and transfer restrictions.  And what happens when the parties’ visions change and they no longer have the same goals?  As lawyers charged with responsibility for drafting and interpreting the joint venture agreement, the final product must mirror the deal struck by the parties, while also protecting the client’s interests.

This two-part series will tackle important issues common to structuring and negotiating a real estate joint venture and provide in-depth coverage of possible exit mechanisms and dispute resolution provisions.

 

Part 1:

Structuring and Negotiating Real Estate Joint Ventures

Wednesday, March 7, 2018

1:00 to 2:30 p.m. Eastern

 

Speakers: 

Michael Goodwin, Arnold & Porter LLP, Washington, D.C.

Dean Pappas, Goodwin Procter LLP, Los Angeles, CA 

   Moderators:

Danna Kozerski, Coblentz Patch Duffy & Bass LLP, San Francisco, CA

 Malcolm Montgomery, Shearman & Sterling LLP, New York, NY

 

Structuring and negotiating a new joint venture can present challenging obstacles.  Each party to the joint venture has a different perspective and position, and counsel must use its client’s role as the guidepost for drafting and negotiating the joint venture agreement and related documentation.  This program will review common joint venture promote hurdles; management rights; guaranty obligations; dispute resolutions; transfer restrictions; recent developments in real estate joint venture terms; and the differences between programmatic joint ventures and “one-off” joint ventures.  Our panelists will explore these topics from the perspective of both the sponsor and the equity investor.

Part 2:

Exit Mechanisms and Dispute Resolution in Real Estate Joint Ventures

Wednesday, April 4, 2018

1:00 to 2:30 p.m. Eastern

 

Speakers: 

Joan Hayden, PGIM Real Estate, Madison, NJ

Alvin Katz, Katten Muchin Rosenman LLP, Chicago, IL

Dean Pappas, Goodwin Procter LLP, Los Angeles, CA 

 

Moderator:

Malcolm Montgomery, Shearman & Sterling LLP, New York, NY

  

Sharing a joint vision for a new real estate venture is a critical element of future success.  However, life throws many curveballs and the long-lasting partnership the venture partners had initially envisioned may not come to fruition. Therefore, it is crucial that the joint venture agreement include one or more mechanisms for the partners to go their separate ways, and why these exit mechanisms must be given careful consideration by the parties and counsel.  Our panelists will have an in-depth discussion of common joint venture exit mechanisms, including basic structures and considerations for each, addressing the practical advantages and disadvantages of negotiated exits.

 

Make sure to use the ACREL discount code for great savings.  Please note:

 

  • Each registrant must register individually
  • If there are multiple attorneys of the same firm, the additional attendee rate of $75 is applicable.
  • The pricing for an individual session is $95 and $152 for the series with the ACREL Discount. 

 

Promo code for the series: CRP18EACREL

Promo code for a single program: CRP18E55

 

 

Click here to register

 

This program is jointly sponsored by the ABA Section of Real Property, Trust & Estate Law and the American College of Real Estate Lawyers