News

PRIVATE REAL ESTATE FIRM COHEN ASSET MANAGEMENT, INC. ANNOUNCES THE SALE OF A 78,000 SQUARE FOOT BUILDING LOCATED IN PHOENIX, ARIZONA  

Los Angeles, California (December 18, 2018)

Cohen Asset Management, Inc. (the “Company” or “CAM)”, a private real estate investment firm focused on owning and operating industrial properties in select Target Markets, today announced that CAM Investment 352 LLC, disposed of a 75,000-square foot industrial building situated on approximately 3.9 acres of land located at 824 East University Drive in Phoenix, Arizona. The property was acquired vacant in June 2017 and subsequently leased for ten years to DIRTT (TSX DRT).

 "We are excited to have closed this sale to a highly motivated owner of a similar property and to have achieved a terrific outcome for our investors. The amount of interested buyers was indicative of the strong market dynamics exhibited in this airport corridor. CAM continues to own and operate a significant portfolio of assets in Phoenix and is committed to growing our portfolio while continuing to dispose of assets on an opportunistic basis.”, stated Brandon Delf, Executive Vice President and Chief Investment Officer.

 Who We Are

 Cohen Asset Management is a private real estate investment firm that is headquartered in Southern California with a regional office in Northern New Jersey. With a primary focus being the industrial sector, Cohen Asset Management has an established history as an active owner-operator that is comprised of a team of seasoned real estate professionals who create value for our investors by establishing mutually rewarding relationships within the industrial real estate community in each of our Target Markets, particularly with tenants (our customers), brokers, sellers and ultimately the buyers of our real estate when we monetize investments.