Structure Joint Venture with Commercial Developer

[Account Closed]

I am planning to sell a contiguous group of commercial properties consisting of retail, office, residential and land in an urban setting. All the properties are zoned C1/C3. It's a small--current value is $2.5-ish. It's in the Pittsburgh area.

Since interest rates are high, I am considering a JV where I would be the equity partner. I don't have a good sense what equity splits, preferred returns, distributions at completion, etc. are appropriate. I would appreciate any advice or resources

Thank you for your help