An accounting and tax advisory firm with offices in Stamford and White Plains announced it intends to acquire a boutique real estate consultancy.
CohnReznick LLP announced it signed a letter of intent to acquire NOI Strategies LLC. The deal is expected to close Feb. 1. The NOI team will join the advisory services arm of CohnReznick and will operate as NOI Strategies, a division of the firm.
CohnReznick in a press release said the combination brings additional service offerings and strategic synergies to both firms that will significantly augment the way they serve clients within the commercial real estate industry and beyond.
Founded in 2003, NOI is a global services company that provides strategy, operations, technology, and outsourcing services to commercial real estate owners, operators and investors. The company maintains a presence in Chicago; New York; Dallas; British Columbia, Canada; and Sydney, Australia. Tama Huang, NOI”™s CEO, will become a principal with CohnReznick and continue to lead the NOI division.
“CohnReznick”™s robust advisory services as well as its traditional accounting and tax services are an exciting complement to the platform for NOI,” Huang said in the press release. “As we continue to design customized solutions from both inside and outside the commercial real estate industry, we sought a partner that would help us expand our platform, augment our resources, and contribute new ideas and best practices from their broad industry experience.”
The CohnReznick advisory group”™s services include governance, risk and compliance; government advisory; management and technology consulting; restructuring, litigation and transactional advisory; and valuation.