The real estate practice group works very closely with our tax attorneys in utilizing joint ventures and strategic alliances to design and implement the appropriate property ownership structure to achieve the client’s business objectives. Whether using a single member “special purpose” entity or a complex, multi-tiered ownership structure, our firm is well versed in structuring property ownership to tailor and allocate ownership benefits and burdens to achieve the client’s business and financial objectives. Specifically, we have represented developers and institutional investors (including tax-exempt investors) in all types of partnerships, limited liability companies and other entities. Our experience in this area has involved the negotiation and drafting of a wide variety of joint venture agreements for single and multiple property transactions, many of which contain sophisticated provisions dealing with preferred returns, priority distributions and the allocations of profits and losses; specially tailored decision making arrangements; and puts, calls and other buy-out rights.
In addition, our real estate attorneys work with venture capital or structured finance vehicles to maximize the utilization of real estate tax incentives as well as provides seasoned counsel on tax and joint venture legal issues to maximize the returns of property ownership to the real estate entrepreneur.