---
title: "Joint venture (JV) — Class A Atlas glossary"
description: "Partnership structure between an operator and a capital partner."
canonical: https://classa.info/glossary/joint-venture
pageType: glossary
lastUpdated: 2026-04-01T00:00:00.000Z
license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)."
---

> Partnership structure between an operator and a capital partner.

## TL;DR

- Partnership structure between an operator and a capital partner.
- Standard structure for large Class A acquisitions and developments.

# Joint venture (JV)

*Investment · Global*

## Short definition

Partnership structure between an operator and a capital partner.

## Full definition

Standard structure for large [Class A](/glossary/class-a) acquisitions and developments. Operator (sponsor) co-invests 5–10%, raises 90–95% from LP. Promote (carried interest) on returns above hurdle.

## Why this matters for Class A leasing

Joint venture (JV) is part of the investment vocabulary that institutional Class A occupiers, landlords, and advisers use across Global markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks regional variation alongside the global standard so [cross-border](/topics/cross-border-expansion) occupiers can translate quickly.

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Citation: Source: Class A Atlas (https://classa.info/glossary/joint-venture), updated 2026-04-01T00:00:00.000Z.