We actively participate in various real estate projects, counseling developers, investors, managers and operators. Our services include formation and operation of real estate investment trusts, joint ventures, partnerships and other equity participation arrangements, including acquisitions by foreign entities and individuals; acquisition, construction and development of shopping centers; due diligence and regularization of real estate projects. Preparation and negotiation of lease, architecture, construction and operation agreements; development and conversion of residential and commercial properties into condominium or cooperative forms of ownership; regulation of time-share resorts and other fractional ownership agreements in tourist developments, including subdivision, consolidation or direct ownership.