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Description

Investing in Joint Ventures and Club Deals

, Online

The INREV online course Investing in Joint Ventures and Club Deals consists of a series of five sessions spread over a period of two weeks from 3 - 12 November 2020.

With institutional investors in search of greater involvement with investment managers and more control over their investments, the market has witnessed a shift towards Joint Ventures (JV) and Club Deal (CD) structures. According to the INREV Investment Intentions Survey, Joint Ventures and Club Deals are the second preferred route of entry of capital for real estate allocations.

In this INREV online course participants will have the chance to examine market practice and developments, the principal definitions and characteristics of Joint Ventures and Club Deals, common structures and their tax considerations.

And it will provide partiicipants with a better understanding of the opportunities that can be found in this type of investment vehicle, the formation, operation and termination of real estate joint ventures and club deals, as well further guidance in managing potential issues that may arise.

It will cover the following topics:

  • Rationale for investing through JVs or CDs from both the investor and investment manager perspectives
  • Definitions and business terms
  • Selecting the right partners: are JVs and CDs for everyone?
  • Corporate governance and operational aspects
  • Lessons learnt

Who should attend this online course?

The online course is aimed at experienced professionals with several years of practice within the non-listed real estate investment industry. Course participants include institutional investors and investment managers who are currently considering entering a Joint Venture or Club Deal, or who are already involved in managing such products and wish to improve their knowledge of various related aspects.

Upon completion of the online course participants will be able to:

  • Understand the key business and legal terms and structures in real estate Joint Ventures and Club Deals
  • Have a good overview of the products including their common contractual provisions and liquidity mechanisms
  • Gain specific knowledge concerning execution and operational risks
  • Identify potential areas of dispute and misalignment

This online course is open to members and non-members and it counts towards the INREV/ Henley Certificate for non-listed real estate investments.

Where

Where

Online

  • Online

Programme

Fees & Terms

Fees

Online Course for INREV members (€ 450)

Terms and conditions

Non Member fee: 350 Euro

General

1.1. INREV Online Courses are open to Representatives and other interested individuals, not being Representatives (Non-Representatives).

1.2. For Representatives, the Membership Terms and Conditions fully apply to INREV Online Courses. In the event of any conflict or inconsistency between any provisions of these Training Courses Terms and Conditions and the Membership Terms and Conditions, first the Online Course Terms and Conditions and then the Membership Terms and Conditions shall prevail.

1.3. Representatives and Non-Representatives will hereinafter together be referred to as “Applicants”.

1.4. The costs of attending an INREV Online Courses (Attendance Fee) will be communicated to Applicants at the time of registration at the latest.

1.5. Admission to any INREV Online Courses is subject to registration and subsequent written confirmation of that registration by INREV. If you are a Representative and the Member you represent has not yet paid their annual INREV membership fee, INREV will not confirm registration of any of their Representatives until payment is made If an Applicant personally has any outstanding invoices with INREV, INREV will not confirm registration for INREV Online Courses until full payment of all outstanding invoices is made.

1.6. All personal data provided to INREV by Applicants, during the application process or afterwards, including their biographies, will be processed in accordance with the Privacy Statement of INREV, which can be found on the INREV website. Biographies of Applicants, and the personal data they may contain, will only be shared with other Applicants as part of the course documentation of an INREV Online Courses.

1.7. By registering for an Online Course, attendees accept and acknowledge that images may be taken of them during the INREV Online Courses and give INREV express permission to use these images for reproduction. Only in the event that such an image depicts a close up of a particular attendee or a small group of attendees, INREV shall seek additional permission for the use of such an image.

Cancellation and no-show policy

2.1. When registering for an INREV Online Courses, INREV will inform Representatives of the applicable attendance fee. Attendance Fees may differ for Representatives and Non-Representatives.

2.2. There is no charge for cancellation until attendance of the INREV Online Courses is confirmed by INREV. Any Attendance Fees paid to INREV before confirmation will be fully restituted.

2.3. Full attendance fee is due as soon as INREV confirms an Applicants registration, Any Attendance Fees already paid to INREV will not be refunded.

2.4. As a Representative, if you register and your registration is confirmed by INREV, but you do not attend an INREV Online Courses (no-show), the full Attendance Fee is due, unless you are replaced with another Representative. As a Non-Representative, if you register and your registration is confirmed by INREV, but do not attend an INREV Training Course (no-show), you will be charged with the full Attendance Fee to cover the costs that INREV will incur. Any Attendance Fees already paid to INREV will not be refunded. As a Non-Representative you are also allowed to have someone else participate in your place.

Miscellaneous

3.1 If any provision (or part of a provision) of these Online Courses Terms and Conditions is found by any court or administrative body of competent jurisdiction to be invalid, unenforceable or illegal, the other provisions shall remain in force.

3.2 If any invalid, unenforceable or illegal provision would be valid, enforceable or legal if some part of it were deleted, the provision shall apply with whatever modification is necessary to give effect to the commercial intention of the parties.

3.3 These Online Courses Terms and Conditions are governed by the laws of the Netherlands.

3.4 The competent court in Amsterdam, the Netherlands, shall have jurisdiction to settle any dispute in connection with Online Course provide by INREV and/or these Online Courses Terms and Conditions, without prejudice to the right of appeal and that of appeal to the Supreme Court.

Mandatory Attendance

4.1 Just like during a regular INREV training course, we expect all participants to attend all sessions and actively participate during the course. If you fail to attend a session you will not receive the certificate of attendance for the course. 

4.2 All INREV online courses will be organised via Zoom and it is highly recommended to access the online courses via the Zoom app (either on a laptop or mobile phone).

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