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Instruction by Bruce Kirsch Principal, Real Estate Financial Modeling Copyright © 2009 Real Estate Financial Modeling, LLC.  All Rights Reserved.  Real Estate Financial Modeling’s Joint Venture Partnerships Basics www.GetREFM.com
Overview ,[object Object],[object Object],[object Object],www.GetREFM.com
Definitions Principal = Sponsor Owner of the asset Developer of the asset The party that raises a fund Investor Invests in the transaction Invests in the fund www.GetREFM.com
Why One Seeks A Joint Venture Partner ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],www.GetREFM.com
Real Estate Investment Partnerships Overview ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],www.GetREFM.com
One Way To View Joint Venture Partnerships www.GetREFM.com
Enabling The Transaction ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],www.GetREFM.com
Work Performed and Value Created ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],www.GetREFM.com
Risk Exposure - Sponsor www.GetREFM.com
Risk Exposure - Investor ,[object Object],[object Object],[object Object],[object Object],[object Object],www.GetREFM.com
Types of Financial Risk ,[object Object],[object Object],[object Object],[object Object],www.GetREFM.com
Rewards ,[object Object],[object Object],[object Object],www.GetREFM.com
No “Formula” ,[object Object],[object Object],[object Object],www.GetREFM.com
Optimal Structuring to Achieve the Goal ,[object Object],[object Object],[object Object],[object Object],www.GetREFM.com

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Real Estate Joint Venture Partnerships Basics

  • 1. Instruction by Bruce Kirsch Principal, Real Estate Financial Modeling Copyright © 2009 Real Estate Financial Modeling, LLC. All Rights Reserved. Real Estate Financial Modeling’s Joint Venture Partnerships Basics www.GetREFM.com
  • 2.
  • 3. Definitions Principal = Sponsor Owner of the asset Developer of the asset The party that raises a fund Investor Invests in the transaction Invests in the fund www.GetREFM.com
  • 4.
  • 5.
  • 6. One Way To View Joint Venture Partnerships www.GetREFM.com
  • 7.
  • 8.
  • 9. Risk Exposure - Sponsor www.GetREFM.com
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.