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Amos Luzon Negotiating to Acquire Control of Kohan Properties
Businessman Amos Luzon is in advanced talks to acquire control of Kohan Properties for about $6.4 million. The company's previous controlling shareholder, Mike Kohan, allegedly misused company funds, leading to financial difficulties.
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What happened
- 01Amos Luzon is negotiating to buy control of Kohan Properties for approximately $6.4 million.
- 02Kohan Properties owns 35 U.S. commercial properties valued at $710 million.
- 03The company faced turmoil after former owner Mike Kohan allegedly misused funds.
- 04Natanel Lorenzi gained control after Kohan defaulted on a $4 million loan.
- 05Some of the company's assets are pledged to bondholders.
Natanel Lorenzi took control after Kohan defaulted on a $4 million loan secured by company shares. Kohan Properties owns 35 U.S. commercial properties valued at $710 million, though some are pledged to bondholders.
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