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 an affiliate of Redwood-Kairos Real Estate Value Fund VI, LLP, the equity partner in a joint venture with Knightvest Capital to purchase a 252-unit multi-family residential property in Conroe, Texas known as Regency at Woodland Townhomes. The purchase was funded in part by a $31,314,000 loan originated by Berkeley Point Capital, LLC, d/b/a Newmark Knight Frank to be assigned to Freddie Mac.  Lender was represented by Cassin & Cassin, LLP.  Knghtvest Capital was represented by Baker Lopez PLLC.
  • Represented an affiliate of Redwood-Kairos Real Estate Value Fund VI, LLP, the equity partner in a joint venture with Knightvest Capital to purchase a 384-unit multi-family residential property in Conroe, Texas known as Foundations at Woodland Apartments. The purchase was funded in part by a $36,959,000 loan originated by Berkeley Point Capital, LLC, d/b/a Newmark Knight Frank to be assigned to Freddie Mac.  Lender was represented by Cassin & Cassin, LLP.  Knghtvest Capital was represented by Baker Lopez PLLC.
  • Represented an affiliate of the Panda Family Office (CFIC-2015 NV Family Investments, LLC) and Waban Group, LLC in its equity investment in Oliver Companies, Inc. (represented by Jeffer Mangels) for the acquisition of a 7 property select service hotel portfolio located across 5 states for a total purchase price of $92,000,000. The acquisition was financed by TPG, who was represented by Gibson Dunn.
  • Represented Shopoff Realty Investments in connection with the acquisition of a single tenant office building located at 4100 S. Stream Boulevard, Charlotte, North Carolina. The acquisition was done in the form of a syndicated TIC structure consisting of four tenant’s in common (three of which are subsidiaries of Shopoff).  The acquisition was funded in party by a $14,300,000 loan from Prime Finance.
  • Represented TruAmerica Multifamily, LLC, in connection with its joint venture acquisition of the Vinings Corner Apartments, a 360-unit multifamily apartment project located in Smyrna, Georgia.
  • Represented Tides Equities, LLC in connection with its $31,300,000 joint venture acquisition of a 227-unit apartment community known as The Standard Apartments, located in Tempe, Arizona.  Equity was provided by Beverly Pacific, LLC, which was represented by Eisner, PC.  Financing was provided Colony Capital, which was represented by Polsinelli PC.
  • Represented Kazi Property Group in its acquisition of the Desert Peaks Apartments located in El Paso, Texas for a purchase price of $6,250,000.  The acquisition was a joint venture with Realty Mogul, who was represented by Abram Roy LLP.  The transaction also included the formation of a syndication for our client’s member entity in the joint venture, and an acquisition loan in the amount of $6,212,500 from Ameritas Life Insurance Corp.
  • Represented Tides Equities, LLC in connection with the $27,500,000 joint venture acquisition of the Arbors at 5th Apartments, a 197-unit apartment complex in Tempe, Arizona.  Equity was provided by Asset Management Consultants, Inc., which was represented by Davies Lemmis Raphaely.  Financing was provided MF-1 Capital LLC which was represented by Holland & Knight LLP.
  • Represented Tides Equities, LLC in connection with its $26,600,000 joint venture acquisition of a 181-unit apartment community known as The Solstice Apartments, located in Phoenix, Arizona.  Equity was provided by Beverly Pacific, LLC, which was represented by Eisner, PC.  Financing was provided Colony Capital, which was represented by Polsinelli PC.  Seller was represented by Carpenter, Hazlewood, Delgado & Bolen, LLP.
  • Represented Kazi Property Group in its acquisition of an apartment complex located in College Park, Georgia known as Alexandria Landing Apartments for a purchase price of $19,650,480.  The acquisition was a joint venture with Eightfold Capital, who was represented by Berger Singerman in Miami, Florida.  The transaction also included the formation of a syndication for our client’s member entity in the joint venture, and an acquisition loan in the amount of $20,750,000 from Walker & Dunlop, who was represented by Sheppard Mullin.  Seller was represented by Polsinelli.
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  • “For several years, I have worked with Sklar Kirsh for my M&A and other corporate law needs.  They are practical and creative lawyers and have guided me through several major transactions with a steady hand and clear focus on my goals.”
    — Mark Mickelson, Managing Partner of Next Point Capital, Chairman of Art Brand Studios & Chairman of Next Point Bearing Group

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