Los Angeles, California (October 22, 2024)
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, announced the sale of a highly functional warehouse/distribution building comprised of approximately 400,000 square feet located at 7200 W. Buckeye in Phoenix, Arizona. This sale is consistent with CAM’s overall investment strategy which seeks opportunities to create additional value through its proven, effective and active asset management approach while optimizing disposition timing.
Brandon Delf, Co-Chief Investment Officer, stated, “The outperformance on this asset reflect the efforts of our entire team and highlights the strong fundamentals in the Phoenix, Arizona marketplace that our research and investment team identified.” Mr. Delf went on to state, “From purchase to disposition, the investment achieved our goal of providing investors a stable, durable-recurring stream of passive income over the hold period. Executing a sale with optimal timing to achieve superior results reflects CAM’s strategy and demonstrates the value-added benefits CAM provides to its investors.”
About Cohen Asset Management
Cohen Asset Management is a premier private real estate investment firm that is headquartered in Southern California with regional offices in in Phoenix, Dallas, and 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 logistics-dependent 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 its investments.