Amos Luzon Buys US Real Estate Firm Kohan Properties for $4.8 Million
Translated & summarized from TheMarker by baba
Israeli businessman Amos Luzon has purchased Kohan Properties, a US-based real estate firm, for 19.5 million shekels ($4.8 million). Luzon's group acquired the company from Natanel Lorenz, who had taken control just a week prior due to the previous owner, Mike Kohan, defaulting on a loan. The deal was made in partnership with Oren Halfon's Alpha Gidurin.
The story in 4 lines · by baba
- Amos Luzon acquired Kohan Properties for 19.5 million shekels ($4.8 million).
- The deal was finalized one week after Natanel Lorenz took control of the company.
- Lorenz acquired Kohan Properties because founder Mike Kohan defaulted on a loan.
- Luzon's group partnered with Oren Halfon's Alpha Gidurin for the purchase.
Just one week after its founder and owner, Mike Kohan, relinquished control, Kohan Properties has been acquired by Israeli businessman Amos Luzon. The deal, valued at 19.5 million shekels (approximately $4.8 million), was finalized when Luzon's group, in partnership with Oren Halfon's Alpha Gidurin company, purchased all shares from Natanel Lorenz's Dekama Finance.
Lorenz had only recently taken ownership of Kohan Properties. He acquired the company after Kohan failed to meet the terms of a loan, which resulted in Kohan pledging all his shares in the real estate firm as collateral.
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