Culp, Elliott & Carpenter’s real estate and tax lawyers handle all types of real estate-related joint ventures and investments in real estate, from individual property ownership structures to co-investments, club deals and fund investments in a portfolio of assets; from asset level investments to holding company and entity level structures, from developer/investor investments to agreements among multiple investors, and including preferred equity investment structures, carried interests, and multi-tiered, tax deferral-driven structures. Our lawyers represent developers, private investors, fund sponsors, entrepreneurs, and service providers in these joint venture relationships.
We are well-versed in the opportunities and challenges that joint venture structures present to allow our clients to complete successful acquisitions, investments, financings, affiliate relationships and dispositions. We understand the opportunities and challenges within limited liability companies and partnership structures to create investment tiers, management and development controls and coordination of the control rights and obligations with tax-preferenced structures.
Our team of real estate lawyers works closely with our experienced tax lawyers in the areas of federal, state and local tax, as well as corporate and securities attorneys in the firm to provide comprehensive service in real estate investment and structure deals in the most tax efficient manner.
We have recently represented:
- Representation of real estate developer in a joint venture for the development of a mixed-use development.
- Representation of real estate developer in sale and multi-property section 1031 exchange of net leased properties replaced with partially completed retail developments including construction bridge financing and permanent conduit non-recourse financing combined with purchase of LLC membership interest for optimal tax consequences.
- Representation of multiple private real estate investors in complex joint venture with a national homebuilder involving Section 1031 like-kind exchanges, tenant in common ownership structure and bank financing.