Real Estate Glossary

Crystallization

5 years ago

by Richard Wilson

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Written by Richard Wilson

This is a clause found in a joint real estate venture agreement wherein both parties agree to share the ownership share in their venture at a specified point in the future. The purpose of partnership crystallization is to allow the GP to earn its promote by reevaluating its ownership share percentages.

This is a clause found in a joint real estate venture agreement wherein both parties agree to share the ownership share in their venture at a specified point in the future. The purpose of partnership crystallization is to allow the GP to earn its promote by reevaluating its ownership share percentages.

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Richard Wilson