News

Private Equity Real Estate Investment Firm, Cohen Asset Management, Inc., and its Affiliates, Refinance Several Loans in 2009  
Los Angeles, California (January 19, 2010)
Cohen Asset Management, Inc., and its Affiliates, secured several new loans which addressed nearly all of their 2009 and 2010 debt maturities. Throughout 2009, the private equity real estate investment firm accomplished this by retiring, refinancing or signing new lending commitments secured by several of its real estate assets. 
“We are pleased to announce that we've addressed virtually all of our 2009 and 2010 debt maturities prior to the New Year. With substantial cash on hand each entity was able to use its capital to reduce its borrowings and considerably improve its capital structure over the near term. This achievement is indicative of our close lender relationships, the high quality of our industrial real estate assets, creditworthy tenants and the strong interest lenders have in our portfolio” said Bradley Cohen, President. 
Indicative of the financing transactions, the properties that received refinancing proceeds were located within the firm’s Target Markets. Cohen-Arizona One LLC, an Affiliate of Cohen Asset Management, Inc., secured a first priority deed of trust from American United Life Insurance Company, a One-America Company for an approximate 200,000 square foot industrial building located in the Pointe South Mountain Park area in Phoenix, Arizona.
Phoenix, Arizona-based Jon Krieger of Keystone Commercial Capital originated the financing of the transaction and stated, “AUL and Keystone have always focused on building strong, long-term relationships with our customers and the success of this financing with Cohen Asset Management is a true demonstration of that relationship since we have been doing business with Cohen for almost 20 years.”
About Cohen
Cohen Asset Management, Inc., (“CAM”), 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 equity 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.
 
Forward looking Statement
Except for the historical facts, the statements in this press release regarding CAM’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.