Joint Ventures/Equity Finance
Investors and sponsors look to the in-depth knowledge of the real estate attorneys at Arnold & Porter for equity financing transactions. We provide creative solutions and practical and market-based advice in structuring deals, performing due diligence, negotiating, and drafting documentation.
We draw on several core strengths in our firm in the areas of real estate, corporate, regulatory, environmental, and tax to form a seamless team on joint venture formation and equity finance transactions. Our teams effectively and efficiently address real estate, environmental, tax and regulatory issues that arise in those transactions for both US and non-US companies and investors. We approach a joint venture as part of the larger real estate transaction to ensure that the JV negotiations and documentation mesh with the acquisition, development, debt financing, and service agreements.
We represent both developer/operating partners and investor partners. Our practice touches on real property throughout the United States and in all industry sectors.
Arnold & Porter regularly advises clients in connection with a broad range of equity finance transactions and joint ventures focusing on real estate assets and entities, including:
- single-asset joint ventures;
- platform and programmatic joint ventures;
- real estate fund formation;
- mergers and acquisitions;
- common and preferred equity and convertible investments; and
- formation of, and investments in, public and private REITs.
Represented client in connection with its joint venture that completed a US$28.6 million acquisition of a 341,000 square foot office complex in Hopewell, NJ
Represented an investment banking company based in State of Qatar on due diligence, joint venture negotiations and tax and structure issues relating to its US$620 million equity investment in CityCenterDC, a mixed-use project located on the District of Columbia's former convention center.
Represented the sponsor of an existing joint venture in a recapitalization that involved a new (second) equity partner, refinancing the existing mortgage loan indebtedness with a new lender, and issuing a carried interest to the prior lender.