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 5008 Hazeltine Associates LLC and 5060 Hazeltine Associates LLC, affiliates of NextGen Apartments LLC, in their acquisition of two multi-family residential properties located in the Sherman Oaks area of Los Angeles for a total purchase price of $10,925,000.  Our client acquired the properties as a joint venture with Hanover Financial LLC, who was represented by Abram Roy  LLP.  Additionally, we assisted the buyers in obtaining a loan to acquire the properties in the amount of $9,205,000 from Aetna Life Insurance Company, who was represented by Carlton Fields LLP.
  • Represented Tides Equities, LLC in connection with the $39,750,000 joint venture acquisition of the Modern on the Rail Apartments, a 488-unit apartment complex in Phoenix, 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 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.
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  • “Sklar Kirsh’s attentiveness to detail, breadth and depth of legal knowledge, uniquely combined with good business judgment, have made them terrific thought partners. Their approach to problem solving and ability to be collaborative, have made them a pleasure to work with. We are delighted to have their counsel.”
    — Yaniv Tepper, Manager of Kinematics, LLC, and Managing Partner and co-Founder, Angeleno Group, LLC

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