Los Angeles, California (December 16, 2020)
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 sale of two food-grade industrial warehouse distribution facilities totaling approximately 360,000 square feet located in Farmingdale, New York (Long Island MSA). This sale is consistent with CAM’s overall investment strategy which seeks opportunities to create additional value through its proven effective active asset management approach.
Jason Haas, Co-Chief Investment Officer, stated, “We are excited to have closed this sale to an institutional investor and to have achieved a terrific outcome for our investors. The investment achieved our goal of providing investors a stable, durable-recurring stream of passive income over the hold period and executing a sale to optimize disposition timing in this favorable capital markets environment for high quality industrial and logistics properties.” Mr. Haas went on to state, “Executing dispositions at premium pricing is indicative of the value-add that CAM brings to it investors.”
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.