|
||||||||||||||||
 |
|
 SPONSORS & PARTNERS: |
  |
UNWINDING AND REWINDING JOINT VENTURES
In today's economic climate, no part of the capital stack, especially the equity, is immune from distress. That distress can become particularly acute and unwieldy with real estate joint ventures. Whatever ails the loan and the lender also ails its joint venture borrower. This panel will focus on the restructuring of troubled joint ventures and the variables that must be addressed during the process, including cash calls, buy/sells, squeeze-downs, tax consequences, fiduciary duties, and obligations to third parties, including the lender. The panel will also make recommendations on best practices for forming joint ventures that mitigate common pitfalls and maximize potential success.
MODERATOR
Michael Smooke, Partner
Fulbright & Jaworski L.L.P.
Michael Smooke is a partner at Fulbright & Jaworski L.L.P. and heads the real estate practice in the firm’s Los Angeles office. A graduate of Harvard Law School, he has practiced in the area of real estate development, leasing, ownership, and finance for more than 35 years. Mr. Smooke has represented lenders, developers, and tenants in a variety of projects including shopping centers, industrial parks, and office buildings.
PANELISTS
Polina Chapiro, Partner
Green Hasson & Janks LLP
Polina Chapiro chairs Green Hasson & Janks’ tax department and has more than 27 years of tax experience in entity structuring, mergers and acquisitions, cross-border transactions, partnerships, tax provisions, and tax audits as well as extensive experience in the real estate, entertainment, and technology industries.
Stephen Corrigan, Director
BlackRock
Stephen Corrigan is a director of BlackRock and a member of its Real Estate Equity Group. Mr. Corrigan is responsible for real estate acquisitions, specifically sourcing and closing transactions in the Pacific Southwest region.
John Sischo, Executive Vice President
Thomas Properties Group, Inc.
John Sischo is an executive vice president and director at Thomas Properties Group, Inc. As a founding partner of the firm, he is responsible for investment management, acquisitions, and capital market relationships. Mr. Sischo has executed more than $10 billion in transactions, both public and private, during his 24-year career.
Sarah Spyksma, Partner
Sidley Austin LLP
Sarah Spyksma represents developers, financial institutions, non-institutional investors, and opportunity funds in various real estate-related transactions, including joint ventures, preferred equity investments, financings, syndications, loan restructurings, and property dispositions.
Return to Breakout Sessions Listing>
In today's economic climate, no part of the capital stack, especially the equity, is immune from distress. That distress can become particularly acute and unwieldy with real estate joint ventures. Whatever ails the loan and the lender also ails its joint venture borrower. This panel will focus on the restructuring of troubled joint ventures and the variables that must be addressed during the process, including cash calls, buy/sells, squeeze-downs, tax consequences, fiduciary duties, and obligations to third parties, including the lender. The panel will also make recommendations on best practices for forming joint ventures that mitigate common pitfalls and maximize potential success.
MODERATOR
Michael Smooke, Partner
Fulbright & Jaworski L.L.P.
Michael Smooke is a partner at Fulbright & Jaworski L.L.P. and heads the real estate practice in the firm’s Los Angeles office. A graduate of Harvard Law School, he has practiced in the area of real estate development, leasing, ownership, and finance for more than 35 years. Mr. Smooke has represented lenders, developers, and tenants in a variety of projects including shopping centers, industrial parks, and office buildings.PANELISTS
Polina Chapiro, Partner
Green Hasson & Janks LLP
Polina Chapiro chairs Green Hasson & Janks’ tax department and has more than 27 years of tax experience in entity structuring, mergers and acquisitions, cross-border transactions, partnerships, tax provisions, and tax audits as well as extensive experience in the real estate, entertainment, and technology industries.
Stephen Corrigan, Director
BlackRock
Stephen Corrigan is a director of BlackRock and a member of its Real Estate Equity Group. Mr. Corrigan is responsible for real estate acquisitions, specifically sourcing and closing transactions in the Pacific Southwest region.John Sischo, Executive Vice President
Thomas Properties Group, Inc.
John Sischo is an executive vice president and director at Thomas Properties Group, Inc. As a founding partner of the firm, he is responsible for investment management, acquisitions, and capital market relationships. Mr. Sischo has executed more than $10 billion in transactions, both public and private, during his 24-year career.Sarah Spyksma, Partner
Sidley Austin LLP
Sarah Spyksma represents developers, financial institutions, non-institutional investors, and opportunity funds in various real estate-related transactions, including joint ventures, preferred equity investments, financings, syndications, loan restructurings, and property dispositions.Return to Breakout Sessions Listing>