Harsh Arora of Nelson Mullins Riley & Scarborough. Courtesy photo Pro Tips for Real Estate Companies to Avoid Deadlocks and Dissolution in Fla. Courts
To avoid deadlocks and threat of judicial dissolution of a parent company or an SPV, the operating agreements of both entities should be carefully negotiated so that there are common terms that can be used to efficiently resolve disputes.
September 16, 2024 at 09:43 AM
6 minute read
Partnership arrangements in the real estate industry are unique. Typically, a portfolio of commercial properties is owned by a parent company through separate business entities known as special purpose vehicles (SPVs). Limited liability companies (LLCs) are generally a preferred form for parent companies and SPVs. This separate company structure between the parent company and SPV serves as a method of isolating the risks of activities between the two entities and allows SPVs to have their own balance sheet. Internal disputes relating to entities in the business of real estate generally revolve around appraisal rights, voting and control of management.
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