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Full coverage· Economy· Updated

Amos Luzon Appointed Chairman of Kohan Properties, Halts Asset Sales

Businessman Amos Luzon has been appointed Chairman of American real estate firm Kohan Properties after acquiring a controlling stake. His first act was to halt all sales of the company's U.S. commercial properties.

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What happened

  1. 01Amos Luzon appointed Chairman of Kohan Properties, halting all commercial property sales.
  2. 02The company owns 35 U.S. commercial properties valued at approximately $736 million.
  3. 03Luzon's group acquired control for $6.4 million from founder Michael Kohan's debt.
  4. 04Oren Halfon and Assaf Cohen also appointed to key roles within the company.
  5. 05Kohan Properties is based in the United States and operates across 19 states.

The acquisition, valued at $6.4 million, involved a portfolio worth approximately $736 million and arose from the founder's debt issues. Luzon plans to improve the company's profitability.

Translated and summarized by baba from Ice, the latest report. Read Ice’s original

The coverage

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