Real Estate Investment & Asset Management

Once a real estate investment has closed, the work of owning it, structuring the joint venture, financing and refinancing it, managing it, and eventually exiting it, continues for years, and Carlton Fields represents clients through that entire holding period rather than only at the point of acquisition. Our attorneys structure and negotiate real estate joint venture agreements for the acquisition, ownership, financing, development, and operation of commercial real estate nationwide, representing property owners, developers, operating partners, high net worth individual investors, and institutional equity investors across the life of a venture, from formation through ongoing operations to its eventual unwinding.

We handle joint venture structures for single properties, portfolios, and regional or national investment programs, and our clients range from investors with multibillion-dollar portfolios to a developer or equity investor in a one-off transaction. Because a joint venture's acquisition, financing, tax structuring, and eventual exit are typically negotiated together rather than in isolation, our team works alongside our acquisition, development, finance, tax, construction, environmental, and condominium lawyers so that the venture agreement anticipates the issues that will actually arise across its holding period.

That experience has included representing a major investment bank in forming a joint venture multifamily investment fund with an institutional investor at an initial capitalization of $200 million, and the three regional joint ventures formed under it, a private U.S. REIT owned by an Australian public trust in acquiring, financing, and managing Class A office projects in several major cities, and a hotel brand and owner in a $450 million portfolio sale structured to preserve non-terminable management rights across the properties sold.

Our investment and asset management team works within our broader real estate practice, drawing on our finance and tax groups as a venture's structure requires.