Joint Ventures in Real Estate: Structure and Finance AND Operation and Tax
September 2010
Joint Ventures in Real Estate: Structure and Finance AND Operation and Tax
Teleseminars
Convenient, timely, reliable, and affordable...
Teleseminars are midday continuing legal education conferences broadcast over the telephone. From the convenience of your office or home, you are able to dial into an 800 number, and hear nationally recognized practice leaders speak on important issues in the law. You are also able to ask them your questions. Teleseminars marry the best of technology and education to bring the world of CLE to your office or home.
Program Description
After years of widespread turmoil, real estate finance is increasingly shifting toward the use of complex joint ventures that marry partners who individually bring capital, property and development expertise. The structure of these deals is far more complex than when an individual developer seeks a bank loan for a project but if they are carefully structured and documented they can successfully leverage everyone’s strengths for a profitable venture. This program will provide you with a practical framework for negotiating, structuring and documenting real estate joint ventures, including major economic, operational and tax considerations.
Day 1 – September 21, 2010 – Structure & Finance:
- Structural considerations with financial v. development partner
- Cash flow v. develop/sell/refinance deals
- Capital structure issues – debt, equity, property and service contributions
- Dealer compensation techniques
- Multi-property deals
- Quasi-joint ventures
Day 2 – September 22, 2010 – Operations & Tax:
- Operating agreement issues – capital calls, deleveraging, guarantees, refinancing, workouts
- Risk management and shifting liabilities
- Tax impact of contributing appreciated property, services, or cash
- Disguised sale and mixing bowls traps when appreciated property is contributed
- Allocation of tax attributes and cash distributions
- Gain deferral strategies
Faculty
Richard R. Goldberg was a partner and is now Senior Counsel in the Philadelphia office of Ballard Spahr, LLP, where he has an extensive real estate practice, including development, financing, leasing, and acquisition. Earlier in his career, he served as Vice President and Associate General Counsel of The Rouse Company for 23 years. He is past President of the American College of Real Estate Lawyers, past Chair of the Anglo-American Real Property Institute, and past Chair of the International Council of Shopping Centers Law Conference. Mr. Goldberg is currently a Fellow of the American College of Mortgage Attorneys and is a member of the American Law Institute. Mr. Goldberg received his B.A. from Pennsylvania State University and his LL.B. from the University of Maryland School of Law.
Registration Fees
| Non Member | $129.00 |
| CBA | $109.00 |
- General Credits: 2.00
- Ethics Credits:
- EDI Credits:
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