News

Private Real Estate Investment Firm, Cohen Asset Management, Inc., Announces the Acquisition of a Portfolio of 100% leased Southern California Industrial Assets  
Los Angeles, California (July 29, 2010)
 
Cohen Asset Management, Inc., a Los Angeles based industrial and commercial real estate investment firm, announced the acquisition and 100% lease-up of six industrial properties located in the Brea submarket of Orange County, California.  The institutional quality properties are located on separate legal parcels and total approximately 225,000 square feet. Within minutes of the Brea Mall, the infill location has long been the location of choice for many industries operating in Southern California. 
 
Cohen Asset Management, a private real estate investment firm, acquired the Brea properties with the goal of repositioning the assets for individual owner/user sales; providing an excellent opportunity for value-added, active asset management at which Cohen excels. The transaction is indicative of Cohen’s 25 year track record of sourcing off-market transactions as an owner and operator of industrial real estate.
 
 “We are very pleased to have identified this industrial investment opportunity where we believe we get the best of both worlds for our investors - 100% occupancy and immediate cash flow from a credit tenant occupying high quality industrial buildings acquired at a substantial discount to replacement cost.” said Brandon Delf, CIO and Executive Vice President of Cohen Asset Management. 
 
Jason Haas, COO, said “This deal was sourced with limited marketing and is another transaction for us that reflects our detailed ‘on the ground’ knowledge and strong relationships in the industrial marketplace. The transaction allowed a solution for the seller to reduce and manage its risk while allowing them to concentrate on their core operating business as they exit these properties and consolidate into their new headquarters.”
 
The transaction is consistent with Cohen’s strategy of uncovering investment opportunities that provide strong cash flow and appreciation potential while offering liquidity to private property owners and institutions looking to monetize their equity and debt investments.
 
 
About Cohen Asset Management
Cohen Asset Management, Inc., is a private commercial and industrial real estate investment firm. The firm’s relationships extend to high net worth individuals, institutional investors and domestic business entities. The private real estate investment firm is an active operator and investor of commercial and industrial real estate assets and has a well-established reputation as a value added investor focusing on commercial and industrial real estate opportunities that are inefficiently priced due to a variety of circumstances such as vacancies, rollover risk, sub-optimal management, inefficient current use, deferred maintenance, long-term undervalued leases or other unfavorable property and market conditions.