A for-sale housing joint venture. We contribute the land and stay in through sellout. The build partner joins as co-GP, runs development and construction, and shares the profit when the homes sell — rather than working for a fee.
The general contractor shares in the profit when the houses sell. The fee, the schedule and the cost cap are ordinary and negotiable. The profit share is what makes you a partner rather than a vendor, and it is the term we care most about getting right.
Land value, preferred return, the profit split, the fee basis and the guarantee terms are all negotiable. We send the full term framework once we have spoken.
If the shape works, we will walk the site, send the term framework and open the data room.
Karthik Angamuthu, Managing Principal — (512) 221-0780, karthik@austinnnn.com. For construction questions, James Stinson, Managing Principal — (512) 801-2547.
Information only, not an offer and not a binding commitment. Nothing is built yet and timing depends on permitting and a final site plan. Home counts, sizes and acreage are estimates. All terms are agreed before the JV closes and written into the operating agreement.