Joint Ventures, Fund Formations & Project Syndication

Joint Ventures

Cox Castle has extensive experience structuring, crafting, and implementing joint ventures in both domestic and international markets. We have negotiated and documented countless joint ventures between institutional investors and operators or developers, as well as with operating companies, syndicated investment vehicles, and preferred equity investments.

We have a deep, wide-ranging track record in planning, negotiating, documenting, and forming and implementing all types of joint ventures, including limited liability companies, limited partnerships, and general partnerships. Cox Castle analyzes not only the legal framework of the foregoing vehicles, but also the sophisticated tax aspects of those transactions.

Our work spans a broad range of property types including office, industrial, multifamily, retail, mixed-use, life sciences, healthcare, hospitality, land, bulk single-family housing, and alternatives. Cox Castle also has extensive experience assisting clients in a variety of joint venture disputes, including major litigation between joint venture partners.

Fund Formation

Cox Castle has extensive experience in representing institutional, entrepreneurial, and first-time fund sponsors in structuring, forming, marketing, and operating commingled investment funds. Our attorneys utilize a wide variety of strategies and structures in forming investment funds, tailored to the needs and desires of institutional investors and/or high-net-worth individuals and family office. We have worked on an array of funds, including:

• Closed-end equity and debt funds               
• Co-General Partner funds                       
• Open-end funds                                                 
• ERISA-compliant funds             
• Funds structured to mitigate ERISA matters
• Funds with parallel structures and/or master-feeder structures
• Funds structured to achieve tax-efficient outcomes for domestic, foreign, and tax-exempt investors

These funds have invested in a broad range of property types, including multifamily, residential, hospitality, office and industrial, and pursued variety of investment strategies, including development, value-add, core, and core plus. Through Cox Castle’s robust and industry-leading investor practice, our fund formation attorneys have unique exposure to top-of-mind investor sensitivities and the most current structures and terms employed by virtually all the major fund sponsors in the market (not just those of our sponsor clients), allowing us to stay with changing market terms and practices.

Cox Castle is particularly skilled at representing developers and first-time fund sponsors seeking to establish a dedicated source of capital to fund their co-investment obligations for individual and platform joint ventures with institutional partners. Building on Cox Castle’s deep and comprehensive expertise in all aspects of real estate transactions, our attorneys assist “co-GP” fund sponsors with a broad range of real estate investment and development matters, ranging from fund formation, acquisition/disposition, joint venture, and financing, among others. We offer our fund sponsor clients a “one-stop-shop” that understands their business needs, operational efficiencies, and serves as a dedicated and consistent point-of-contact.

Real Estate Syndications

Cox Castle attorneys are highly skilled in the syndication of all types of real estate assets to qualified investors, particularly representing developers and other operators in the syndication of their co-investment obligation in joint ventures with institutional partners. We assist our clients in syndicating development, value-add and stabilized real estate assets in a broad range of property types, including residential, multifamily, office, retail, hospitality, assisted-living/memory care, mixed-use, and industrial. These syndications are primarily structured as private placements under applicable securities laws, and are structured to efficiently permit investment by U.S. and non-U.S. investors, private pension funds, Section 892 investors, U.S. governmental plans and other tax-exempt investors.

News

Events

Publications