Joint venture (JV) is a phrase used to describe a partnership when it’s not practical to have formal partnership papers drawn up and filed with the state. Often, joint ventures are used for a single project or when the partnership will be short term. It’s a great vehicle for raising real estate investment money. This
NBIM Makes Its First US Real Estate Investment
February 12, 2013 by
Norway’s sovereign wealth fund manager Norges Bank Investment Management has acquired its first property in the USA as part of its approved strategy of increasing the amount invested in real estate assets around the world. NBIM has bought a 49.9% joint venture stake in a portfolio of assets in New York City, Washington DC and Boston. The
