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"I am very impressed and delighted with the advice provided by Bilzin. The firm's high deal flow provides them with unique and diverse experience which leads to multiple possible solutions to any issues that arise." 

- CHAMBERS USA source

Bilzin Sumberg’s Joint Venture practice stands out for its industry-recognized expertise in structuring, negotiating and documenting complex real estate joint ventures in Florida and across the country. The firm’s joint venture attorneys have represented developers, sponsors, and equity investors in joint ventures that have involved every type of real estate asset, including multifamily, commercial, condominium, retail, office, hospitality, mixed-use and industrial. With one of the most sophisticated joint venture practices in Florida, Bilzin Sumberg regularly advises on joint ventures valued in the hundreds of millions – sometimes billions - of dollars, and many of which formed to develop landmark buildings and projects. Common areas of counsel include capital stack composition (including preferred equity transactions and part-sale, part-contribution transactions), governance (single manager, multiple managers, executive committee, etc.), complex tiered distribution waterfalls, alternative forms of exit strategies, dispute resolution and creative tax strategies. 

Going beyond the legal considerations of each transaction, Bilzin Sumberg’s joint venture attorneys leverage their advanced degrees in taxation and their deep knowledge of Florida’s real estate market and those in other parts of the country to render tailored, strategic and often-times creative counsel that touches upon each client’s unique business plans and long-term goals. Bilzin Sumberg’s joint venture practice is further strengthened by various complementary legal specialties all housed out of the firm’s single Miami office that can comprehensively serve developers’ and investors’ real estate needs, from acquisitions and financing, to land use, zoning, construction, environmental, and tax-related matters.

 

Graphic Depicting the process of Real Estate Joint Ventures.  1. Letter of Intent, 2.Capital Stack, 3. Capital Contributions, 4. Management, 5. Distributions, 6. Exit Strategies

EXPERIENCE
Experience
Representation of national homebuilder in the restructuring of a joint venture for the development of Candlestick Point – a $7 billion development of the former San Francisco Giants baseball stadium, the largest redevelopment project in San Francisco since the Great Fire.
Experience
Representation of LandSource Communities Development, a strategic joint venture between Lennar Corporation, LNR Property Corporation, and approximately 50 related subsidiaries and affiliates, in the negotiation, structuring, and closing of a $3.5 billion investment, joint venture, and refinancing tr...
Experience
Representation of Lennar Corporation in the formation of Lennar Multifamily Venture (LMV), an equity fund/joint venture sponsored and managed by Lennar Multifamily Communities with global sovereign and institutional investors. The venture, with initial equity commitments of $1.1 billion, targets inv...
Experience
Formation of strategic land investment joint venture between our client, one of the nation's largest homebuilders, and an affiliate of Morgan Stanley Real Estate Funding II, L.P. The joint venture, which has a book value of $1.3 billion, will acquire, develop, manage, and sell land for residential u...
Experience
Representation of one of the largest privately owned development companies in Florida in connection with a joint venture with a private equity firm to develop a luxury high-rise condominium project in Naples, Florida. Our representation included complex tax structuring, as well as the negotiation of...
Experience
Representation of the owners of several properties in the Overtown area of Miami, Florida, as part of a joint venture, to develop a $1 billion mixed-use project in several phases. Counsel included the negotiation of a joint venture agreement and the closing of the conveyance of certain parcels into ...
INSIGHTS
Development Conference May 15, 2025
The exclusive conference will highlight emerging real estate investment and development trends in South Florida. This year’s panels will delve into the rapidly evolving landscape of condominium redevelopment, critical considerations for mitigating environmental risk in new developments, expand...
Development Conference May 7, 2024
David S. Resnick moderates a panel covering top-of-mind issues being faced by real estate joint venture partners in the market, at Bilzin Sumberg's 5th Annual Development Conference.
Development Conference March 15, 2023
Jake M. Greenberg and David S. Resnick explore top-of-mind issues being faced by real estate joint venture partners in South Florida's real estate market at Bilzin Sumberg’s 4th Annual Development Conference.
Webinar November 17, 2022
Joshua A. Kaplan and David S. Resnick lead a discussion regarding deal considerations and fundamental issues found in every real estate joint venture.
Press Release October 17, 2022
As Florida continues its robust economic expansion and capital is deployed throughout the state in a diverse range of sectors, law firm Bilzin Sumberg has expanded its Corporate & Finance practice to keep pace with demand for its services.
Client Alert April 9, 2020
This client alert is one of a series as we track developments in the implementation of the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act").
RELATED PEOPLE
Brian L. Bilzin
Founder, Counsel
Nathaniel G. Dutt
Of Counsel
Robert W. Lee
Associate
Jose Sariego
Partner