Forming a Real Estate Joint Venture (Partnership) - What to Know + JV Partnership Agreement Template

In this video, real estate attorney and A.CRE guest legal contributor Ron Rohde discusses real estate partnership agreements. Ron is joined by real estate acquisitions professional Matt Green. Additionally, Ron shares a template real estate JV partnership agreement to A.CRE - download it here: www.adventuresincre.com/real-...
00:00 - Introduction: Spencer Burton and Ron Rohde on Waterfall Template Partnership Agreement
01:04 - Matthew Green on Legal Aspects and Negotiations in Real Estate Partnerships
03:41 - Legal Evolution and Partnership Agreements: Protecting Interests and Aligning Goals
05:28 - Defining IRR and its Legal Implications in Real Estate Partnership Agreements
08:31 - Handling Limited Partners' Unfulfilled Financial Commitments and Legal Recourse
10:50 - New Construction Development Phases vs. Core Stable Properties: Investor Timeline Impacts
12:46 - Lease-up Periods in Development: Financial Hurdles and GP Options
14:22 - GP Fees in Real Estate Transactions: Negotiation and Common Fees
18:08 - Due Diligence Fees and Reimbursements in Property Acquisition
20:00 - Negotiating Leverage and Importance of Soft Skills in Real Estate Partnerships
20:58 - Self-dealing and Legal Language: GP and Investor Interests
23:34 - Crafting Partnership Documents: Balancing Fairness and Credibility
24:37 - Control Dynamics Between General and Limited Partners in Decision-Making
26:44 - Waterfall Distributions: Aligning Interests and Ensuring Consistent Returns
29:17 - Structuring Waterfall Models for Maximum GP Returns and Meeting Financial Projections
31:44 - Modelling Return Scenarios and Maintaining Credibility with Equity Partners
34:13 - Aligning Incentives in Partnerships and Avoiding Disproportionate Equity Contributions
Contact Ron Rohde for additional questions: calendly.com/rrlaw
Download other commercial real estate legal templates shared at A.CRE: www.adventuresincre.com/real-...
SUBSCRIBE: th-cam.com/users/sburtonh...

[@adventuresincre]

Huge thanks to Ron Rohde and Matthew Green for contributing their knowledge about real estate partnerships, and real estate partnership agreements, with the A.CRE community!

[@RonaldRohdeLaw]

Thanks!

[@alliesteamc3546]

In District of Columbia can the general partner be a LLC? Can it be a Wyoming LLC?

[@RonaldRohdeLaw]

Hi Allies, Yes, in an LP, the GP can be an LLC. There is no prohibition on the state of formation.