Practice · Real estate

Real estate syndication
and joint ventures.

Syndications and joint ventures, build-to-rent and development structures, participation agreements, and property contributions into new venture entities.

Real estate syndications, joint ventures, and development structures sit at the intersection of securities law, entity design, and property law. We handle all three for sponsors and investors across Texas.

What we do.

01

Syndications

Regulation D offerings for single-asset and portfolio syndications: PPM, operating agreement and waterfall, subscription documents, and Form D.

02

Joint ventures

GP/LP and co-GP structures, developer–capital JVs, promote and catch-up mechanics, and control and exit provisions.

03

Build-to-rent & development

Development entity structures, land contribution agreements, construction and development agreements, and lender coordination.

04

Acquisitions & dispositions

Purchase and sale agreements, title and survey review, due diligence, and closing for commercial and residential portfolio properties.

05

Participation & profit-sharing

Participation agreements, profit-sharing arrangements, and property contributions into new venture entities.

06

Leasing & operations

Commercial leases, property management agreements, and the operating documents for a stabilized asset.

Common questions.

What is a real estate syndication, legally?

A syndication pools investor money into an entity that acquires and operates property. Legally it is a securities offering — usually under Regulation D — plus a real estate transaction plus an operating company, and the documents have to work together: the PPM, the operating agreement with its waterfall, the subscription documents, and the purchase and loan documents for the property. We handle the set as one engagement.

Do you handle the property closing as well as the raise?

Yes. Purchase and sale agreements, title and survey review, loan documents, and closing are handled alongside the entity and securities work so that the waterfall, the lender's requirements, and the property documents agree with each other.

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