We are working on JV
deal with a experienced park operator. We are putting all the required money
for purchasing including closing costs, due-diligence etc. We are offering 50%
equity for the park operator and the only thing they bring to the table is expertise
to operate and manage the park.
Please see my questions/concerns below
1. If the park performs badly (Based on NOI)
after we purchase say like after 6 mon- 1yr time Is it fair to take back the 50% equity
offered to the experienced operator? If yes should be put that in partnership
agreement?2. What should be the exit
strategy in case we want to get out of the park ownership?
Thanks in Advance,