Cohen Asset Management, Inc., and its Affiliates, Completes Capital Raise  
Los Angeles, California (February 13, 2012)
An affiliate of Cohen Asset Management, Inc., CAM Core+ Fund 1 LLC (the "Fund"), announced the formation of a new joint venture with a subsidiary of a fund managed by Oaktree Capital Management, L.P. The joint venture, GAP CAM Master, LLC., was capitalized with  new capital from the members, a new loan from PPM Finance in the amount of $85 million and an in kind contribution of the Fund’s 22 property industrial real estate portfolio containing approximately 3 million square feet. The primary use of the capital raised in the joint venture was to retire the existing maturing debt and to provide working capital for ongoing joint venture operations.   “As previously outlined to our investors, a top priority for the Fund was to further strengthen our financial position by reducing our debt," said Scott McGinness, Cohen Asset Management’s Chief Financial Officer. "With this capital contribution, leasing that is currently underway and planned dispositions; we have made significant progress in achieving our strategic objective of maximizing returns for our investors.”

"I am very pleased with the way this transaction came together,” said Jason Haas, Cohen’s Chief Operating Officer. “This is a terrific opportunity for our investors to partner with an institutional capital source, provide stability and allows time to increase the net operating income in order to position the assets to benefit from the anticipated economic recovery in the coming later years of the Fund. The team did an outstanding job in executing this transaction which is a testament to the experience and dedication of all those involved,” Haas continued.