Los Angeles, California (July 30, 2021)
Cohen Asset Management, Inc. (the “Company” or “CAM)”, a private real estate investment firm focused on owning and operating industrial and logistics properties in select target markets, today announced the acquisition of a portfolio of four Class A, state-of-the-art industrial and logistics facilities consisting of approximately 1.5 million square feet situated on 78.5 acres in a burgeoning submarket in South Fort Worth, Texas. The portfolio is 100% leased to 4 largely credit worthy tenants with long term leases and a remaining weighted average lease term exceeding 11 years.
Based in Los Angeles with a regional office in Dallas, CAM has now acquired over 60 buildings in the Dallas, Fort Worth marketplace in the current investment cycle totaling over 6 million square feet, with a current footprint of 40 buildings exceeding 5.5 million square feet.
Jason Haas, Co-Chief Investment Officer stated, “High-quality industrial and logistics properties with the locational and functional attributes of this portfolio play an even greater role in today’s supply chain, and we are excited to add these state-of-the-art industrial and logistics properties to our growing Texas portfolio.” Mr. Haas went on to say, “Our mission is to create long‐term value as well as near term income returns for our investors, and this property will be a prominent addition to our portfolio as we continue to pursue other strategic investment opportunities in the Dallas and Fort Worth marketplace”.
About Cohen Asset Management
Cohen Asset Management is a premier private real estate investment firm that is headquartered in Southern California with a regional office in Northern New Jersey. The firm has an established history as a prominent and active owner-operator spanning several decades with a focus on the industrial and logistics sector, including fulfillment, warehouse and distribution centers, manufacturing facilities and infill/last mile properties aimed at providing solutions for the growing 21st century e-commerce economy and global supply chain. The firm’s team of seasoned real estate professionals creates value for its investors and tenants by establishing mutually rewarding relationships within the real estate community and by taking a proactive, hands-on approach to all of its investments.