Real Estate Joint Ventures: Rarely Equal Partners

Joint ventures or JVs are a frequently used tool in real estate transactions. They are often presented as an equal partnership, but often have unequal terms. Sometimes the REIT gets the better half of the deal, and other times, they get screwed over. We have observed and documented multiple instances in each direction. I believe in learning from history, so we will discuss 2 instances in which REITs got the short end of the stick. How is an investor supposed to evaluate whether a company is getting a fair s ...