Los Angeles, California (October 19, 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 recently developed, state-of-the-art, industrial and logistics buildings located in premier industrial parks with infill locations in Northwest and North Houston totaling approximately 658,264 square feet, along with a 2.4-acre parcel of developable land.
CAM has acquired more than 60 properties in Texas and in the current investment cycle has acquired 7+ million square feet of space in the Texas marketplace, with a current footprint of 48 properties and approximately 7 acres of developable industrial zoned land.
Jason Haas, Principal and Co-Chief Investment Officer stated, “High-quality-mission-critical industrial and logistics properties play an even greater role in today’s supply chain, and we are excited to add these state-of-the-art industrial and logistics facilities to our growing Texas portfolio.” Mr. Haas went on to say, “These investments demonstrate the strength of our proprietary sourcing advantage and ability to leverage our value-add expertise to generate superior cash flow growth as we position these properties to achieve attractive stabilized yields. Looking ahead, we are well positioned to drive accretive internal and external growth in this portfolio as we leverage our deep local market knowledge to create long‐term value as well as near term income returns for our investors. This property will be a prominent addition to our portfolio as we continue to pursue other strategic investment opportunities in the Dallas-Ft. Worth and Houston marketplaces”.
About Cohen Asset Management
Cohen Asset Management, Inc. is a private real estate investment firm that is headquartered in Southern California with regional offices in Phoenix, Arizona; Dallas, Texas; and, Northern New Jersey. The Company 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 Company’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.