Private Equity Real Estate Investment Firm, Cohen Asset Management, Inc., and its Affiliates, Complete Two Financings in Phoenix Arizona  
Los Angeles, California (May 17, 2012)
Private Equity Real Estate Investment Firm, Cohen Asset Management, Inc., and its Affiliates, Complete Two Financings in Phoenix Arizona
Cohen Asset Management, Inc., and its Affiliates, obtained two new loans in the first quarter of 2012 secured by a portfolio of industrial properties. The properties that received financing proceeds were located within Phoenix, Arizona, one of the firm’s Target Markets for investment.
“We are pleased to announce that we executed two new fixed-rate loan loans during the first quarter of 2012 with maturity dates of 7 and 10 years respectively. The new debt was procured at competitive interest rates and obtained on terms that meet the investment objectives of each of the industrial property’s ownership. The lender is a major U.S. life insurance company that has been a lender on previous loans in our portfolio of industrial real estate assets. Both properties are 100% leased with tenants that have been operating at the buildings for many years,” stated Bradley Cohen, President.
“This refinancing is a good example of how Cohen Asset Management is working to maximize the benefits for all of our investors. By locking in historically low long term interest rates we are able to strengthen the financial position of each respective entity, reduce our costs and further enhance the balance sheet of each Affiliate involved in this transaction. This achievement is indicative of our close lender relationships, the high quality of our industrial real estate assets, the benefits of low leverage, creditworthy tenants and the strong interest lenders have in our portfolio” said Scott McGinness, Chief Financial Officer.
About Cohen™
Cohen Asset Management, Inc., (“CAM”), is a private commercial and industrial real estate investment firm whose 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.
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.
Media Contact:
Scott McGinness
(310) 860-0598