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Plan the JV divorce upfront and early


The most successful joint ventures plan their divorce early, according to a panel discussion on real estate transformation and value-added investing.

Experts from Taconic Investment Partners, TIAA and RSM discuss the need for transparency and plenty of communication between operating partners and capital partners and how planning—from the outset—how to break up a JV is critical to avoid difficult negotiations should one partner need to exit early.

Chris Balestra of Taconic and Jason Sevier of RSM talk about lockout provisions during construction periods, the right of first refusal and buy-sell provisions in JV agreements, while Kevin Smith of TIAA says reporting remains a critical issue.

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