In today’s world of complex real estate transactions, joint ventures are a common vehicle for blending development expertise and local knowledge with capital sources. These capital sources include institutional private equity funds, public funds, family offices, high-net worth individuals and tax-exempt investors, including retirement funds and sovereign funds. The lawyers at Sklar Kirsh have extensive experience in the formation of joint ventures, representing both sponsors/operators and capital sources in connection with the acquisition, development and financing of all types of real estate products, including multi-family, office, hospitality, medical, retail, mixed use, special venues and land development. Additionally, our extensive experience covers the formation of joint ventures as separate legal entities as well as the programmatic joint ventures and strategic alliances operated through complex contractual arrangements with multi-party strategic investments.

Representative Matters

  • Represented Tides Equities, LLC in connection with the $55,500,000 joint venture acquisition of the Davenport Apartments, a 442-unit apartment complex in Tempe, AZ.  Equity was provided by Capitol Solutions, Inc. which was represented by Royer Cooper Cohen Bruanfeld LLC.  Financing was provided RCC Real Estate, Inc., which was represented by Katten Muchin Rosenman LLP’s Charlotte, NC office. 
  • Represented Harbor Associates in connection with the $28,000,000 joint venture acquisition of 700 N. Central, a 136,015 square foot Class-B office building located in Glendale, California.  Equity was provided by Belay Investment Group, which was represented by Pircher, Nichols & Meeks LLP.  Seller was represented by Mayer Brown LLP.  Financing was provided by Compass Bank, which was represented by Ballard Spahr. 
  • Represented Harbor Associates in connection with the $29,250,000 joint venture acquisition of the Capitol Center, a 156,293 square foot mixed use property located in Denver, Colorado.  Equity was provided by Belay Investment Group, which was represented by Pircher, Nichols & Meeks LLP.  Seller was represented by Sheppard Mullin Richter & Hampton LLP.  Financing was provided by Ready Capital Structured Finance, which was represented by Holland & Knight LLP. 
  • Represented TruAmerica Multifamily, LLC in connection with the $79,000,000 joint venture acquisition of the Solis at Winter Park Apartments, a 596-unit multifamily apartment project located in Winter Park, Florida.  Equity was provided by Cadre Real Estate, which was represented by Goodwin Proctor LLP.  Seller was represented by Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A.  The Buyer assumed an existing $41,134,000 loan and obtained an additional Freddie Mac supplemental loan in the amount of $15,825,000.  Financing was provided by Walker & Dunlop, LLC, which was represented by Troutman Sanders LLP.
  • Represented Tides Equities, LLC in connection with the $19,000,000 joint venture acquisition of the Cabana Apartments, a 167-unit apartment complex in Tempe, Arizona.  Equity was provided by Asset Management Consultants, Inc., which was represented by Davies Lemmis Raphaely.  Financing was provided Colony Capital Acquisitions, LLC, which was represented by Polsinelli PC.
  • Represented Vista Investment Group (“Vista”) in connection with the $27,480,000 acquisition of Seville Plaza – a 140,060 square foot office complex located in San Diego, California.  Vista entered into a joint venture with Acre Valley Real Estate (“AVRE”) and the loan to fund the acquisition was provided by Wells Fargo Bank, National Association.  Wells Fargo was represented by Holland & Knight, the seller was represented by Sheppard Mullin and AVRE was represented by Greenberg Traurig. 
  • Represented New Standard Equities in the acquisition (via a joint venture with Kairos Investment Management Company) of a 120-unit garden-style apartment complex located in Concord, California for $36,000,000 and the $28,730,000 acquisition loan (provided by an affiliate of NXT Capital investment Advisors) with respect to such purchase.
  • Represented New Standard Equities in the acquisition (via a joint venture with Kairos Investment Management Company) of a 143-unit apartment complex located in San Jose, California for $61,500,000 and the $29,907,330  acquisition loan (provided by CIBC, Inc.) with respect to such purchase. 
  • Represented Kairos Investment Management Company as a preferred equity investor in connection with its $6,500,000 preferred equity investment in Lantern Massandra JV, LLC, a joint venture formed with JoCo Partners and the ValCap Group, as sponsors, for the acquisition of a $37,000,000.00 multifamily housing apartment project containing 310 dwelling units and located in City of Austin, County of Williamson, and State of Texas, which is commonly known as Westwood Apartments and Audubon Square.  Acquisition funding in the amount of $29,907,330 was provided by RCC Real Estate, Inc., a Delaware corporation. 
  • Represented an affiliate of Vista Investment Group, LLC in connection with a joint venture with an affiliate of PIMCO Investment Management Co LLC, and we represented the joint venture in the acquisition of the Vasona Technology Park located in Campbell, California for $113,300,000. The acquisition was financed by Wells Fargo Bank.
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  • "Sklar Kirsh provides top notch service to their clients. Black Equities Group has been working with Sklar Kirsh lawyers for years and we hope it continues from many years to come. The lawyers at Sklar Kirsh are professional, timely and they always put their clients first."
    — Zach Zalben, Black Equities Group

This testimonial does not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter.