Los Angeles, CA (PRWEB) April 7, 2010
Cohen Asset Management, Inc. announced the appointment of Howard Freeman as Senior Vice President of Investments, a new position at the growing Los Angeles based industrial real estate investment and management firm. Mr. Freeman will be based out of the firm's recently established Rutherford, New Jersey office and his primary responsibilities will entail transaction origination for CAM Industrial Value Fund 2 LLC. He will be a key member of the team that oversees the analysis of investments located in the company's East Coast Target Markets consisting of Baltimore, Philadelphia, Allentown, New York and New Jersey.
"This is an important appointment for our real estate investment firm and we are making it at this time in the real estate market cycle because we feel that Howard is exactly the right person to guide our current and future investment decisions in the region. His extensive knowledge and relationships in our East Coast Target Markets will provide tremendous opportunities for an operator of our breadth and experience," said Brandon Delf, Executive Vice President of Cohen Asset Management.
"Howard's capabilities will also help provide our institutional investors with a superior local interpretation of the market and continue to provide our company with a solid platform on which to further develop as a multi-disciplined real estate investment firm with a growing national portfolio," added Delf.
Prior to joining Cohen Asset Management, Inc., Howard previously served as the Senior Regional Director and the Senior Investment Officer for the Eastern Region of First Industrial Realty Trust, Inc. where he was responsible for all of the company's acquisition, development, redevelopment, repositioning, disposition, leasing, operation and asset management activities throughout the East Coast. Over the course of his career, Howard has completed over $2 billion in single-asset and portfolio acquisitions and dispositions, land and vertical developments, sale-leaseback transactions, joint ventures and operating company investments. Early in his career, Howard worked with Coopers & Lybrand's National Real Estate Advisory Services practice where he acquired, managed, restructured and disposed of underperforming and underutilized assets while conducting valuation and due diligence analyses for many large real estate debt and equity transactions on behalf of numerous institutional clients. Mr. Freeman resides in New Jersey and is an active member of the National Association of Industrial and Office Properties (NAIOP).
Cohen Asset Management, Inc., ("CAM"), is a private commercial and industrial real estate investment firm. The firm's relationships extend to high net worth individuals, institutional investors and domestic business entities. The private real estate investment firm is an active operator and investor of commercial and industrial real estate assets and has a well-established reputation as a value added investor focusing on commercial and industrial real estate opportunities that are inefficiently priced due to a variety of circumstances such as vacancies, rollover risk, sub-optimal management, inefficient current use, deferred maintenance, long-term undervalued leases or other unfavorable property and market conditions.
Forward looking Statement
Except for the historical facts, the statements in this press release regarding CAM's business activities are forward-looking statements based on the beliefs of, assumptions made by, and information currently available to us about known and unknown risks, trends, uncertainties and factors that are beyond our control or ability to predict. Although we believe that our assumptions are reasonable, they are not guarantees of future performance and some will inevitably prove to be incorrect. As a result, our actual future results can be expected to differ from our expectations, and those differences may be material. Accordingly, investors should use caution in relying on past forward-looking statements to anticipate future results or trends. Except as required by law, we assume no obligation to update any such forward-looking statements.
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