Los Angeles, California (June 25, 2020)

Cohen Asset Management, Inc. (the “Company” or “CAM)”, a private real estate investment firm focused on owning and operating industrial properties in select Target Markets, today
announced that Kaiser Industrial LLC, an affiliate of CAM, acquired a Class A industrial building comprised of approximately 325,000 square feet situated on approximately 18.7
acres of land (~40% site coverage ratio) located at 7400 West Buckeye Road in Phoenix, Arizona. The property is 100% leased to two tenants and is in the highly desirable
Southwest Valley of the Phoenix MSA featuring regional and international tenants from a diverse mix of industries. CAM has owned over 50 buildings in Phoenix and in the current
investment cycle has acquired 6+ million square feet of space in the greater Phoenix marketplace, and currently has a footprint of 30 buildings and 68 acres of industrial zoned
land.

Brandon Delf, Vice President and CIO stated, “We are excited to add another modern industrial building to our growing Phoenix portfolio as we continue to expand our footprint
in the Phoenix marketplace with this acquisition. We will continue to aggressively seek opportunities to acquire properties possessing superior locations and functionality for the
markets they serve”. Mr. Delf went on to say, “Our mission is to create long‐term value as well as near term income returns for our investors, and this project will be a prominent
addition to our portfolio as we continue to pursue other strategic investment opportunities in the Phoenix marketplace”.