NOI Strategies LLC to Join CohnReznick LLP

New York-based CohnReznick LLP (FY14 net revenue of $508.2 million) announced it has signed a letter of intent to acquire Chicago-based NOI Strategies, a real estate consulting firm. The deal is expected to close Feb. 1. The NOI team will join the advisory services arm of the firm and will operate as NOI Strategies, a division of CohnReznick. The combination brings additional service offerings that will significantly augment the way clients are served within the commercial real estate industry and beyond.

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. Tama Huang, NOI’s CEO, will become a principal with CohnReznick and will continue to lead the NOI division.

CohnReznick advisory group’s diverse service offerings include governance, risk and compliance; government advisory, management and technology consulting; restructuring, litigation and transactional advisory; and valuation.

“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,” says Huang. “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,” she added.

Keith Denham, MP and national director of CohnReznick advisory group, says, “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.”