Practice Overview

Real Estate Joint Ventures

Representative Matters

The Real Estate attorneys at Olshan have extensive experience in the formation of joint ventures for the purpose of commercial and residential real estate acquisition and development.

We are highly skilled in bringing together parties with diverse strengths and common goals, including real estate developers, property owners, public and private, and institutional and individual investors.  We assist clients in structuring the ownership entity, advise on the relevant tax implications, and negotiate and draft all related documents, including pre-formation, LLC, partnership and tenant in common agreements.  In particular, we have developed an expertise in Delaware limited liability company law, the law sophisticated real estate investors normally use for real estate joint ventures.  We are experts in the securities laws governing capital raising activities for real estate ventures, including the pending crowdfunding and Reg D advertising rulemaking arising from the recently passed federal JOBS Act.

We have represented clients in forming joint ventures related to office buildings, retail centers, industrial facilities, mixed-use buildings, residential developments, and land development, including those ranging from single-asset acquisitions to the development of complex real estate portfolios.

We work with our Tax lawyers to address income allocation issues and, when disputes arise between joint venture parties, we work with our Real Estate Litigation attorneys in efficiently litigating and/or resolving fiduciary duty, tax and other joint venture issues. 

Resources on our website in this area include:

  • Represented Madison Equities in joint venture with Pizzarotti, a multi-national construction company based in Italy, and with Gemdale Properties and Investment, one of China's largest developers, in building 206-unit condominium at 45 Broad Street in the Financial District, valued at $86 million.
  • In one of the biggest financing deals of 2014, Olshan represented the purchaser of the iconic Mobil Building at 150 East 42nd Street, including securing a $700 million loan from Morgan Stanley Mortgage Capital Holdings to complete their acquisition of the leasehold position. The deal included a 99-year ground lease extension with the land owner, purchasing the existing leasehold from Hiro Real Estate, and creating a sub-leasehold condominium to accommodate Mt. Sinai Medical Center. Several Olshan practice groups represented the buyers in the transaction: Tax & Planning, Real Estate and Corporate/Securities. News reports may be found at The Real Deal and
  • Regularly represent owners and developers in joint venture arrangements with insurance companies, investment funds and other industries. Our clients have partnered with Principal Life, Goldman Sachs, Invesco, KBS and many others.

Media Mentions/News