Investment Forum-How to Structure Successful Development Partnership and Investment

December 9, 2020

This WDC Investment Forum featured a lively and in-depth discussion about how best to structure successful partnerships between developers and investors with seasoned executives representing different perspectives in a development deal–a transaction attorney, a capital partner and residential developer. Beth Pennington, Partner at Pennington, LLP described critical elements of development partnerships, highlighting effective ways to structure development deals that work for all parties. Developer Kim Diamond of KDiamond Consulting moderated the discussion with Beth and Renee McDonnell, Senior Vice President of IHP Capital Partners. Renee discussed deal structure as well as her long standing collaboration with Darlene Carter, President of C.W. Urban of Salt Lake City. This session presented best practices for successfully negotiating and implementing partnerships between investors and developers that capitalize on the unique features of each deal. Stay tuned for Part 2 for a deeper dive on development partnerships that discusses the partnership and capital raise for an infill condominium development, “thePenny” located in one of Salt Lake City’s top emerging neighborhoods.