Real Estate Ventures

Real Estate Ventures explains, compares, and quantifies the different approaches taken when formulating and interpreting how distributions in a real estate joint venture are shared by a financial partner and an operating partner. Author Stevens A. Carey, a well-known attorney who focuses in this area, offers guidance on the fundamentals as well as a more in-depth discussion of the underlying and related issues that arise in distribution waterfalls along with analysis and some practical solutions. It is a comprehensive resource for anyone who works with distribution waterfalls in a joint venture context, from the lawyers who draft the documents to the asset managers who administrate the transaction, and the accountants who may be involved at any point along the way.