Co-GP/JV... Who's on Title?

[Adam M.]

Howdy BP,

Post pretty much does what is says on the tin: who goes on the title when putting together a Co-GP deal?

I'm guessing it will be probably the LLC that gets formed but if it's an equal split down the middle of GP ownership, does that give both partners the right to say "I own this property in my portfolio"? If a GP has a higher number of shares than the other GP, is it frowned upon for the latter to say they own the property since they are not technically the "primary shareholder"?

Hope I am explaining this clearly but would love to hear from anyone who has put together co-GP deals in the past! 

Many thanks,

A