Manning Fulton helps client’s structure real estate joint ventures in a way that reflects the economics, control rights, risk allocation, and long-term objectives of the parties. Our attorneys work with clients to identify the right ownership structure and document the terms that outline the relationship. This work often includes services related to:

• Limited liability company formation
• Joint venture entity structuring
• Ownership and capital contribution terms
• Governance rights and decision-making authority
• Preferred returns and distribution waterfalls
• Transfer restrictions and exit rights
• Deadlock provisions and dispute resolution procedures

Successful real estate joint ventures require clear documentation. Manning Fulton drafts and negotiates joint venture agreements, operating agreements, and related documents that define each party’s obligations, rights, and remedies. Our attorneys assist with:

• Joint venture agreements
• Limited liability company operating agreements
• Development and management agreements
• Contribution agreements
• Buy-sell and exit provisions
• Control rights and major decision approvals
• Remedies for default or failure to fund

Manning Fulton advises clients on joint ventures involving acquisitions, development projects, and income-producing real estate. We help structure legal relationships that support each project from initial investment through development, leasing, operations, refinancing, sale, or exit. Our work includes joint ventures involving:

• Commercial real estate acquisitions
• Mixed-use developments
• Multifamily projects
• Office, retail, and industrial properties
• Hospitality projects
• Medical office and health care-related real estate
• Land development and redevelopment projects
• Portfolio transactions and investment properties

Joint ventures often involve multiple sources of capital and financing. Manning Fulton helps clients coordinate the venture with the financing necessary and expected by investors, lenders, and sponsors. Our attorneys assist with:

• Equity contributions
• Capital calls and funding obligations
• Preferred equity and sponsor promote structures
• Construction, mezzanine and permanent financing coordination
• Lender requirements affecting joint venture documents
• Guaranties, cross-guaranties, and credit support arrangements
• Refinancing and recapitalization planning

Before entering a real estate joint venture, parties should understand the property and the risks involved. Manning Fulton helps clients evaluate and comprehend the practical and legal concerns that may affect the venture. Our attorneys advise on:

• Title and survey review
• Purchase and sale agreement coordination
• Land use, zoning, and development considerations
• Environmental and permitting issues
• Construction and development risk
• Leasing and operational considerations
• Contractual risk allocation among joint venture parties