News

91,607 Square Foot Single Story Warehouse Building Changes Hands  
Auburn, Washington (July 20, 2007)
 
Cohen Asset Management, Inc., on behalf of CAM Core + Fund 1 LLC, a Los Angeles based private real estate investment fund acquired a multi-tenant warehouse building totaling 91,607 square feet located at 1307 West Valley Highway North. The property is within the Auburn industrial submarket in the Seattle-Tacoma metropolitan area.
 
The property was built in 2002, features a high image architectural design with single and two story office options, ESFR sprinkler system and 24 foot clear heights. The multi-tenant building was 100% occupied at acquisition.
 
About Cohen
Cohen Asset Management, Inc., ("CAM"), is a private real estate investment firm. The firm's relationships extend to high net worth individuals, institutional investors and domestic business entities. Cohen Asset Management, Inc. is an active operator and investor of real estate assets and has a well-established reputation as a value added investor focusing on 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.
 
Forward looking Statement
Except for the historical facts, the statements in this press release regarding Cohen’s business activities are forward-looking statements based on the beliefs of, assumptions made by, and information currently available to us about known and unknown risks, trends, uncertainties and factors that are beyond our control or ability to predict. Although we believe that our assumptions are reasonable, they are not guarantees of future performance and some will inevitably prove to be incorrect. As a result, our actual future results can be expected to differ from our expectations, and those differences may be material. Accordingly, investors should use caution in relying on past forward-looking statements to anticipate future results or trends. Except as required by law, we assume no obligation to update any such forward-looking statements.