A real estate joint venture or “JV” plays a crucial role in the development and financing of most large real estate projects. A joint venture is a business arrangement in which two or more parties agree to combine their resources in order to accomplish a specific outcome. In a real estate joint venture, the objective, generally, is to develop or redevelop a real estate asset. The joint venture allows real estate operators to partner with real estate investors for a synergetic result. In a business joint venture, the objective can be a number of things. For example, joint software development or celebrity sponsorship.
The business and real estate attorneys of Lowenthal APC play pivotal roles in our clients’ business arrangements – arrangements established through trust and mutually understanding, but built on carefully-crafted written contracts. Contact us today if you have questions about your own joint ventures, partnerships, or strategic alliances.