Real Estate Joint Ventures: Opportunities and Legal Risks
October 4, 2011
Strategies to Negotiate and Structure the JV Operating Agreement
Traditional bank financing remains difficult to obtain, so real estate developers and investors are increasingly pursuing joint venture arrangements with private equity investors as an attractive financing alternative.
While the joint venture model offers a number of advantages, failure to carefully negotiate and structure the joint venture operating agreement will create problems and legal liabilities for all parties to the venture down the road.