Joint-Venture Development
A land joint venture allows a landowner to participate in the value of a completed development. You contribute the land. Brooch assesses each proposed partnership individually — the contributions, development responsibilities, title arrangements and sharing formula are defined in written transaction documents reviewed independently before commitment.
Submit land for reviewYou bring the land and clean title documents. The parties' respective contributions — including who bears which professional costs, financing responsibilities and management obligations — are defined in the written transaction documents and confirmed before any work begins. Neither party commits until the agreement has been independently reviewed.
The split depends on the land’s value relative to the total project cost. Land in a premium district that contributes a large share of project value earns a larger portion of the outcome. There is no standard percentage quoted here, because quoting one before seeing the land would be misleading.
The terms are set before work begins in a written agreement your own lawyer reviews before commitment.
Three protections are addressed in any partnership Brooch enters. First: Brooch takes a contractual development interest, not ownership — title arrangements and what happens in different scenarios are defined in the agreement. Second: the agreement defines what happens if the project stalls, including your right to exit if performance obligations are not met. Third: you or your representative can inspect the site at any point. We expect landowners to use an independent lawyer, not one Brooch recommends. If a developer discourages independent legal review, that is the signal to walk away.
What qualifies
Brooch reviews each site before committing. The criteria below determine whether a partnership is viable.
In a district where buyers are active and prices justify construction. We check market data before assessing any land.
Large enough for an efficient build. Irregular plots or constrained sites are assessed case by case.
A Certificate of Occupancy, registered deed or governor's consent in progress. Incomplete title is sometimes addressable — tell us early.
All parties with an interest in the land must be identifiable and able to consent. Family land with multiple signatories is common and workable.
The process
A typical joint venture runs 12 to 30 months from signed agreement to sold units depending on project scale and state approval timelines.
Due diligence: 2–6 weeks. Design and permits: 2–5 months. Construction: 8–20 months. Marketing and sale: concurrent with final stages.
Land assessment
We review the location, dimensions, title status and development potential before any commitment is made.
Agreement
We define the value split, responsibilities, timelines and exit terms in a written agreement. You review this with your own independent lawyer.
Design and permits
Brooch coordinates the architect, structural engineer, quantity surveyor and approvals process. Title remains in your name.
Construction and delivery
Brooch manages the build. You receive progress updates and can inspect at any point.
Marketing and sale
Brooch positions and sells the finished units. Your share is paid on the schedule agreed before work began.
Get In Touch
Submit it for review. The first conversation is free — we assess the site, the title and whether a partnership makes sense before either party commits.