Joint Ventures

Sheley, Hall & Williams has extensive experience assisting clients in negotiating and forming strategic joint ventures for real estate acquisition and development projects.

Our attorneys assist our clients in structuring the investment and ownership vehicles of the joint venture, limited liability company (LLC) or partnership. We also work closely with each client’s tax advisers to address any tax strategy and potential issues arising out of the joint venture.

Sheley, Hall & Williams has often worked to structure multi-layer joint ventures between developer sponsors and outside third-party institutional equity sources. We understand the need for flexibility by the developer while at the same time preserving the rights of the institutional equity member to approve all major decisions. We pride ourselves in bringing a rational “get the deal done” approach to the structuring and negotiation of such operating agreements.

Recent projects handled by our attorneys include:

Private equity fund formation for several Atlanta-based clients, including preparation of the Private Placement Memoranda, and the Limited Partnership Agreement, including shepherding the client through the subscription process and the ultimate fund closings

Restructuring of an Atlanta industrial real estate fund’s documents to admit new equity

Negotiation of joint venture agreements for hotel developments and apartment developments in Atlanta and Savannah, representing developers across from institutional equity sources out of New York, Boston, the United Kingdom and Germany

Negotiation of joint venture agreement for a major bank in the southeastern United States to co-develop and lease a new headquarters building at The Battery in Atlanta

Negotiation of joint venture agreement in connection with transit-oriented apartment development at a MARTA station in Atlanta