Tag Archives: equity club

Competing Interests at Equity Club Turnover

Equity club developers and equity club members often view turnover and member due diligence completely differently. The typical developer position is: “The Club will be turned over to the members ‘where is, as is’ in accordance with the club documents.” The typical equity member view is: “We want to find out if there is any … Continue Reading

Equity vs. Non-Equity Club Dynamics

How will the Great Recession and changing club market conditions change a developer’s decision about whether to structure a club as an equity (i.e., nonprofit member-owned) club vs. a non-equity (for profit) club?  The traditional view held that developers favor the equity club structure for high-end communities and the non-equity structure for more affordable housing communities, based … Continue Reading
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