Joint Venture

Holland & Knight's Joint Venture Group has vast experience in all relevant areas necessary for structuring, drafting and implementing strategic alliances to advance our clients' wide-ranging business interests. This experience includes multiparty joint venture agreements requiring complex waterfalls to diverse product types in several states or anything in between.

A successful real estate joint venture must be specifically tailored to each individual business, taking into consideration the legal and operational nuances that can make or break these arrangements, including state and federal regulations, tax consequences, industry-specific considerations and advanced techniques for evaluating and minimizing risks.

Our team members have decades of experience, a vast array of interdisciplinary skills and work with other Holland & Knight lawyers in complementary practices and industry teams to provide our clients with comprehensive representation for the successful structuring and implementation of their joint ventures.

ASIA CAPITAL REAL ESTATE MANAGEMENT LLC

Holland & Knight represented Asia Capital Real Estate Management in a joint venture for the acquisition and financing of approximately 2.14 acres of land in Hillsborough County, Florida, known as Central Park Village. The purchase price was $4.66 million. The joint venture obtained a $39 million loan from Citizens Bank for the development of the property into a 291-unit residential complex. Our attorneys assisted the client in analyzing title, local permitting and zoning due diligence to confirm project approval. The firm also assisted in preparing and negotiating the corporate joint venture transaction documents and the loan documents.

GOMEZ DEVELOPMENT

Holland & Knight represented our client in the negotiation of a joint venture agreement to own and develop certain residential properties located at 1515-1543 NW South River Drive in Miami. Our attorneys also advised the joint venture in negotiating a $4.62 million loan with a Florida limited liability company.

KING STREET REAL ESTATE

Holland & Knight advised King Street Real Estate in multiple joint ventures in the $120 million purchase of the 221-room Shelborne South Beach condo-hotel in Miami Beach and the acquisition of 30 condo units for an additional $20 million.

Holland & Knight client and real estate investor King Street Real Estate is the real estate arm of the $18 billion-plus global investment management firm King Street Capital Management, with offices in New York, London, Singapore, Tokyo and Charlottesville, Virginia. King Street teamed up with Canadian-based property developer Westdale Properties and London-based hospitality firm Cedar Capital Partners in the acquisition. Opened in 1941, Shelborne South Beach is an art deco-style condo-hotel with 275 total units. The hotel, which was recently renovated, is located at 1801 Collins Avenue.