Los Angeles, California February 1, 2016

Following several high-profile acquisitions of approximately 4 million square feet of industrial properties located east of the Mississippi including the markets of Northern New Jersey, Cincinnati, and Pennsylvania Cohen Asset Management moved to bolster its New Jersey office by hiring Michael Sargis, a veteran of Industrial Income Trust (IIT), to lead Cohen’s East Coast Asset Management division. Mr. Sargis will be based out of Cohen’s Northern New Jersey office and his primary responsibilities will entail asset management services for company owned properties in the firm’s East Coast Target Markets.

"One of our top priorities has been to grow our East Coast presence," commented Jason Haas, Cohen’s Executive Vice President and COO. “Michael is a proven real estate executive with extensive experience in the operation of institutionally owned portfolios and is very well respected in the industry. His extensive knowledge and relationships in our East Coast Target Markets will provide tremendous opportunities for an operator of our breadth and experience.” Michael Sargis went on to state, “What was very attractive to me about joining the Cohen team was the fact that its culture isn’t about being the biggest industrial real estate owner, but the shop that strives to be best in class in what it does. Everyone at Cohen that I’ve spoken to around the country seems to be very well-versed in their respective fields, in the industrial asset class in general and has a grasp of the business and tasks at hand. It’s a culture where I feel that we will work well together, and we will be able to execute business to the highest degree.”

“Michael’s capabilities will provide our investors with a superior local knowledge of the market and continue to provide our company with a solid platform to grow our multi-disciplined real estate investment firm on a national portfolio,” added Brandon Delf, Executive Vice President and CIO.

Prior to joining Cohen Asset Management, Michael worked with Industrial Income Trust having served as the Regional Vice President, Asset Management, where he was responsible for the management and performance of a significant portfolio of industrial assets on the East Coast. Over the course of his career, Michael has had hands on experience in the areas of leasing, portfolio and asset management and, has directly managed over 26 million square feet.  Early in his career, Mr. Sargis served as a Senior Leasing/Marketing Manager for AMB Property Corporation (now Prologis) where he was responsible for the successful marketing and lease-up  of their 13 million square foot industrial portfolio.

About Cohen Asset Management™

Cohen Asset Management, Inc. is a private real estate investment firm that is headquartered in Southern California with a regional office in Northern New Jersey. We are in the business of acquiring, owning, developing and managing industrial properties and have an established history as a real estate owner and active operator with our primary focus being the industrial real estate sector.