Reven Housing REIT is using the $51.3 million loan to pay off debt and fund future acquisitions.

The San Diego-based real estate owner and operator acquired the 235,214-square-foot property in the Warner Center/Woodland Hills area of Los Angeles for $93 million from Fairfield Warner LLC.

Cohen, a Cortland board member for the last four years and a Cortland advisor for the past six months, will report directly to Cortland CEO Steven DeFrancis.

Marketing efforts produced more than 283 confidentiality agreements/offering memoranda and through the team's managed-bid offer process, 19 offers were generated to purchase the property.