Joint Venture & Syndication

At Kanarfogel & Srolovitz LLP, we provide end-to-end legal services for real estate joint ventures (JVs) and syndications, ensuring that investment partnerships are structured correctly, compliant with legal requirements, and optimized for profitability. Whether you're a developer, sponsor, or passive investor, we help you structure agreements, form entities, and manage ongoing legal needs so that your investments are protected and scalable.

Our firm understands that every real estate deal is different, and we work closely with our clients to design customized structures that align with their financial goals. From drafting joint venture agreements to managing waterfall distributions and securing investor relationships, we help you navigate the legal complexities of investment partnerships with confidence.

Joint Ventures

Real estate joint ventures allow investors, developers, and operators to combine capital and expertise to execute deals. However, the wrong legal structure or unclear terms can lead to financial disputes, control issues, and regulatory risks.

Our JV legal services include:

• JV Agreement Drafting & Review – We draft and negotiate clear, enforceable agreements defining contributions, decision-making authority, risk-sharing, and exit strategies.
• Entity Formation & Structuring – We advise on LLC, LP, and corporate structures to ensure proper tax treatment, liability protection, and operational efficiency.
• Property Management & Affiliate Structures – We establish property management affiliates to maintain operational control while keeping investment entities separate.
• Waterfall Distributions & Exit Strategies – We help structure tiered return distributions to ensure sponsors, investors, and operators receive appropriate payouts at each stage of the deal.
• Dispute Prevention & Resolution – We provide ongoing counsel to prevent conflicts and offer legal strategies for resolving disputes efficiently.

A well-drafted joint venture agreement ensures all parties understand their rights, obligations, and financial benefits—our job is to make sure your partnership is built for long-term success.

Real Estate Syndications

For real estate sponsors looking to raise capital from investors, proper legal structuring and securities compliance are critical. Syndications must comply with SEC regulations and state laws, or sponsors risk regulatory penalties and investor disputes.

Services we provide include:

• Securities Compliance & Exemptions – We guide clients through Regulation D offerings (506(b) & 506(c)), ensuring compliance with federal and state securities laws.
• Investor Agreements & Private Placement Memoranda (PPMs) – We draft PPMs, subscription agreements, and operating agreements that define investor rights, return structures, and risk disclosures.
• Entity Formation & Sponsor Management – We establish investment LLCs, holding companies, and management entities to separate sponsor and investor interests.
• Capital Stack & Waterfall Structuring – We design capital stack structures and preferred return waterfalls to ensure investors receive distributions in the correct order, from preferred returns to profit splits.

For sponsors raising capital or investors entering syndicated deals, we ensure compliance, risk mitigation, and strategic alignment with business goals.

Ongoing Legal Advisory & Flat-Fee Structuring

Beyond deal structuring, we provide ongoing legal advisory services for JVs, syndications, and real estate investment entities. We offer flat-fee pricing for agreement drafting, entity formation, and securities compliance, so our clients get cost predictability with top-tier legal support.

Whether you're launching your first joint venture or managing an established syndication platform, Kanarfogel & Srolovitz LLP is your knowledgeable and trusted legal partner.