NHCohen Partners and Herrick, Feinstein Announce Strategic Alliance in Commercial Real Estate
NEW YORK CITY, March 11, 2015 – Real estate investment firm NHCohen Partners LLC and Herrick, Feinstein LLP, a leader in commercial real estate law since 1928, have formed a strategic alliance to provide long-term equity financing for the real estate industry, and to provide high-net-worth and high-income investors with the opportunity to invest with seasoned real estate owners, developers and operators.
Ned H. Cohen, founder and president of his eponymous firm, and Herrick's real estate partners have enjoyed a strong working relationship for many years. Mr. Cohen, a 35-year veteran of commercial real estate, is the former executive vice president of Malkin Securities Corp., where for 15 years he directed the securities offerings of the real estate syndications of Malkin Holdings LLC, for which Herrick provided various legal services. Most of those syndicated properties, including the Empire State Building, now comprise the assets of Empire State Realty Trust, a publicly traded REIT.
Herrick partners Belinda G. Schwartz and Jonathan A. Adelsberg advised on the formation of NHCohen Partners LLC. "Herrick's unique position as a facilitator in the real estate industry places us at the center of the action for owners, operators and developers looking for deals, equity, debt financing and strategic partners," said Mr. Adelsberg.
"This alliance will advance our ability to make valuable connections, and is very much a part of our culture of providing value above and beyond our lawyering. In addition, many of our high-net-worth clients may benefit from access to Ned's vast experience with commercial real estate, and his prudent approach to investment."
Mr. Cohen said: "Herrick's partners and I share a deep understanding of commercial real estate and its multiple advantages as an alternative investment that can add diversity to a portfolio. I am extremely excited about this new relationship, which will enable me to expand the range of opportunities I can offer investors."
In addition to NHCohen Partners, Mr. Cohen founded an affiliated firm, NHCohen Capital LLC, a broker-dealer registered with the Securities and Exchange Commission, and a member of FINRA. NHCohen Capital will be the placement agent for the securities associated with the investment offerings of NHCohen Partners.
About NHCohen Partners, LLC
NHCohen Partners is an investment firm that identifies quality opportunities for high-net-worth individuals and family entities to diversify their holdings, with a special emphasis on real estate. The firm carefully evaluates partnership structures to help investors realize all of the potential benefits of real estate, including income, capital appreciation, and tax and estate planning advantages, with preservation of capital receiving the highest priority. President and founder Ned H. Cohen is a principal and operations professional registered with the Financial Industry Regulatory Authority (FINRA), and holds Series 22, 39, 63 and 99 securities registrations. For more information, please visit www.nhcohenpartners.com.
Herrick's Real Estate Department is widely regarded as one of the leading commercial real estate law practices in the New York region. Named a "real estate powerhouse" by Crain's New York Business, Herrick's attorneys and urban planners represent public and private companies on a full spectrum of issues, including financing and acquisitions, land use and zoning, development and construction, hospitality, distressed debt, leasing, litigation and government relations.