BRIAN HEAD, UTAH—New York City-based real estate investor Zohar Cohen through his ownership entity Cohen Braffits Estates Development, LLC, has purchased the $60 million first mortgage on a 2,600-acre Braffits Mountain property. The note was purchased prior to year end, 2013. In addition, the Cohen Brian Head Development, LLC has purchased Grand Lodge at Brian Head, a luxury ski resort. The purchase price for the properties totaled approximately $100 million. That transaction has recently closed.

The assets are being managed by Arthur Levine, special counsel and advisor to Cohen, along with Kenneth Denos an executive of the publicly traded firm, Equus Total Return.

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