Home - Blank Rome LLP

Register to receive insights and analyses on breaking news and trends across varying industries.
<a class="link-primary mt-4" href="/subscribe">Subscribe</a>

Philadelphia, PA

New York, NY

Wilmington, DE

Cincinnati, OH

Princeton, NJ

Los Angeles, CA

Houston, TX

Tampa, FL

Shanghai

South Florida

Pittsburgh, PA

Washington, D.C.

Chicago, IL

Orange County, CA

Dallas, TX

Boston, MA

Blank Rome partner <a href="/people/ross-e-coe/" id="19230">Ross E. Coe</a> authored the Lexis Practical Guidance® clauses, <a href="https://urldefense.com/v3/__https:/advance.lexis.com/api/permalink/768dbd78-8459-4069-8422-563082a98721/?context=1000522__;!!BzMsqVLNNjU!P9OJOHoJDZWHnDGlIxW3mkxgaPWb5msKU5bPt0gvgUKltDWq_pUfWy0HepXNs1j53bEFL19D10VU8lDB6SIo9w9r$">Forced Sale Clause (90/10 Real Estate Joint Venture Agreement)</a> and <a href="https://urldefense.com/v3/__https:/advance.lexis.com/api/permalink/e61fa7ca-3b53-48bc-bf31-04aa47fe1006/?context=1000522__;!!BzMsqVLNNjU!P9OJOHoJDZWHnDGlIxW3mkxgaPWb5msKU5bPt0gvgUKltDWq_pUfWy0HepXNs1j53bEFL19D10VU8lDB6QDSEf-A$">Forced Sale Clause (90/10 Real Estate Joint Venture Agreement) (ROFO to Purchase Project)</a>.

core/paragraph

These clauses are examples of forced sale provisions for inclusion in a real estate joint venture limited liability company operating agreement. The clauses allow a member to force the joint venture to sell the real property or remaining project. The first clause provides any member the right to force a sale of the property and includes an optional clause allowing the non-initiating member to purchase the initiating member’s interest in the joint venture upon receiving a notice of forced sale. The second clause provides any member the right to force a sale of the remaining project and includes an option for the non-initiating member to purchase the remainder of the project prior to seeking a third-party buyer. Forced sale clauses are often included in 90/10 joint ventures as part of the exit strategies for the members.

To read this Practical Guidance® document, please click&nbsp;<a href="https://signin.lexisnexis.com/lnaccess/app/signin?back=https%3A%2F%2Fadvance.lexis.com%3A443%2Furl-api%2Flaapi%2Fpermalink%2F768dbd78-8459-4069-8422-563082a98721%2F%3Fcontext%3D1000522&amp;aci=pa">here</a>&nbsp;(subscription required).

Forced Sale Clause (90/10 Real Estate Joint Venture Agreement)

Offices

Stay Connected

Slide Menu

Slide Search

Forced Sale Clause (90/10 Real Estate Joint Venture Agreement)

Offices

Stay Connected