CohnReznick LLP, a Top 100 Firm, has signed a letter of intent to acquire the real estate consulting boutique NOI Strategies. The deal is expected to close Feb. 1, 2015.
NOI will join the advisory services arm of CohnReznick and will operate as NOI Strategies, a division of CohnReznick. 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.
Tama Huang, NOI’s chief executive officer, will become a principal with CohnReznick and will continue to lead the NOI division.
“We are excited about what this combination means for our ability to continue to expand, enable, and innovate to deliver better services to our clients,” Huang stated. “CohnReznick’s robust advisory services as well as its traditional accounting and tax services are an exciting complement to the platform for NOI. 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. CohnReznick was the perfect fit from both a strategic and cultural perspective.”
Keith Denham, managing principal and national director of CohnReznick Advisory Group, added, “Combining NOI Strategies’ global expertise and unparalleled industry knowledge with our broad suite of accounting, tax, and advisory services means that we can together deliver the most forward-thinking solutions for clients’ complex needs and objectives.”
He added, “I am also excited about the cultural synergies that will lead to expanded opportunities for growth and development for all of our talented professionals. Consulting work is incredibly gratifying when you can be part of an industry-leading team that tackles the latest challenges and finds new solutions for age old issues. This is just the first of several strategic moves for us in the advisory services group this year.”
Established in 2003, NOI is a global services company that provides expert strategy, operations, technology, and outsourcing services to many of the world’s leading commercial real estate owners, operators and investors.
NOI is a certified Women’s Business Enterprise and has a presence in Chicago, New York, Dallas, British Columbia, Canada and Sydney, Australia.
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