JV equity pairs an operating sponsor with a capital partner and aligns co-investment, promote, fees, control, and exit rights around the business plan.
What We Do
JV equity pairs an operating sponsor with a capital partner and aligns co-investment, promote, fees, control, and exit rights around the business plan.
When It’s the Right Tool
Ground-Up Development: Development partnerships where sponsor track record and basis drive investor appetite.
Value-Add & Core-Plus: Repositioning and stabilized strategies matched to the appropriate return profile.
Recapitalizations & Buyouts: Fresh equity to restructure ownership or replace an exiting partner.
Programmatic & Platform Capital: Multi-asset commitments and growth equity for operators scaling beyond deal-by-deal raises.
Representative Market Terms
Parameter | Guideline |
|---|---|
Sponsor Co-Invest | 5–20% of total equity |
LP Preferred Return | 8–12% |
Promote | 20–35% above hurdles |
Return Targets | 10–25%+ IRR by strategy |
Equity Multiple | 1.5x–2.0x typical |
Raise Timeline | 60–120 days to term sheet |
Structures | 90/10 and 95/5 common |
Geography | Nationwide |
The Johnson Capital Edge
Investor Mapping: We track who is deploying by property type, market, check size, and return threshold.
Waterfall Fluency: Deep negotiated-structure experience informs what is market on promote, fees, and control.
Debt + Equity Together: One team arranging the whole stack keeps lender and equity terms aligned from LOI to close.
