Setting up JVs for real estate

(The Philippine Star) Updated August 28, 2009 12:00 AM

MANILA, Philippines - To hasten our economic recovery, three major resources must be encouraged to join together for real estate development. One is the real estate developer who has the experience and knowledge but may or may not have the capital needed. Another is the one with the financial resources and capacity, interested in real estate business but lacks the knowledge or experience. The third is the one with the land who may lack either financial resources or knowledge to develop his land.

It would be a big economic contribution if the three resources can join together and made productive. However, before a joint venture could be concluded, many questions and other important aspects should be learned and answered for the protection of all the parties. In this regard, Urban Institute of Real Estate will conduct a seminar on Joint Venture and Syndication For Real Estate Projects on Wednesday, September 9, 1:30 to 6 p.m. at the Maximo Function Room, 2nd floor Max’s Restaurant, near the exit of Glorietta 2, Makati City.

The lecturer is Engr. Enrico Cruz, who has more than 40 years in real estate, engineering, construction, management and education. Cruz is also a licensed real estate consultant and 1st and 8th placer in the real estate appraiser’s and broker’s board examinations respectively, and was invested as a “Real Estate Fellow” by the Philippine Council of Real Estate Educators.

Urban will also be conducting lectures on other topics every Wednesday until Oct. 14, at the same time and venue as follows: Sept. 2 – Legal Aspects of Sale, Mortgage and Lease; Sept. 16 – Property Valuation: How To Do It Yourself; Sept. 23 – How to Start and Manage A Successful Real Estate Brokerage Company; Sept. 30 – Taxation of Real Estate Transactions; Oct. 7 – Real Estate Finance and Investment Analysis; Oct. 14 – Making Big Money in Distressed Properties.
For other details or advance registration, Urban Institute may be reached at 948-8191 or 796-8019, or CP# 0916-426-9174/0921-683-9431 or by email at urbanet@pacific.net.ph or urbanet.ph@gmail.com. Details may also be viewed at www.urban-institute.blogspot.com.