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Net-lease and sale-leaseback specialist says accelerated depreciation leads demand
Northmarq managing director Anthony Cohen said investors are most interested in assets such as gas stations and car washes because accelerated depreciation can reduce taxes.
Commercial Observer reports that Anthony Cohen, a 34-year-old managing director at Northmarq’s Los Angeles commercial investment sales office and co-leader of the firm’s national net-lease and sale-leaseback group, highlighted a current investment trend tied to tax savings.
Cohen said the most popular investment today involves accelerated depreciated assets, including gas stations, car washes, and even oil change sites, describing them as highly sought-after because they can help buyers save money on taxes, according to Commercial Observer.
He also discussed his background, including two years at J.P. Morgan after studying finance at Penn State, and later moving to New York to work on distressed debt-backed commercial real estate.
Commercial Observer added that since Cohen started his real estate brokerage career at Ascension in 2020, he has worked on deals with a cumulative volume exceeding $1 billion, and earlier in his career his team brokered about $70 million of distressed debt over two years.