Partner Kris Ferranti and associate Jonathan Newman (both New York-Real Estate) authored an article in Law360 titled “The Efficacy Of Real Estate Joint Venture Exit Strategies.” The onset of the COVID-19 pandemic highlighted the need for joint venture participants to prepare for unanticipated and disruptive events, which may negatively affect market conditions and jeopardize the success of such endeavors. Though it may seem uncomfortable to negotiate the terms of a joint venture exit during its formation stage, the authors contend that counsel and clients would be wise to anticipate the unexpected and consider this approach at the onset. The authors examine common exit strategies and important issues that parties should consider when determining the right mix of options that are best suited for particular types of joint ventures.

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