Real Estate Joint Ventures

At One Legal Square, our Real Estate Joint Ventures practice provides expert, commercially focused legal advice to help clients navigate the complexities that arise when forming, structuring, owning, financing, developing, leasing, and operating real estate assets through joint venture arrangements.

We work with clients throughout the entire lifecycle of a real estate investment, regularly structuring and closing a wide range of joint venture structures, including:

• Single-asset joint ventures
• Development joint ventures
• Portfolio and programmatic joint ventures
• Roll-ups and recapitalisations (including redemptions)
• Preferred equity investments

Our team advises on all key aspects of joint venture arrangements, including:

• Governance structures, including major decision-making and removal rights
• Complex economic arrangements, including waterfalls and profit-sharing mechanisms
• Clawback provisions
• Crystallisation and liquidity rights
• Dispute resolution mechanisms
• Restructuring and recapitalisation options
• Exit rights and strategies
• Tax considerations, including tax distribution provisions
• REIT and UBTI sensitivities, including “fractions rule” compliance

We integrate multidisciplinary expertise from across our firm including Real Estate Tax, Pensions & Executive Compensation, Securities Litigation, Design & Construction, Leasing, and Litigation — to deliver fully integrated solutions tailored to the specific needs of each joint venture and asset class, including:

• Hospitality and leisure
• Industrial and logistics (including cold storage)
• Multifamily residential
• Office (including medical office)
• Condominiums
• Single family rental (SFR)
• Student housing
• Senior housing
• Data centres
• Manufactured housing communities

For more information on how we can support your real estate joint venture or discuss your specific requirements, reach out to us here.