COHEN REAL ESTATE ARRANGES SALE OF 1 BLEECKER, 3 BLEECKER STREETS & 324 BOWERY

NEW YORK – November 19, 2012 – Cohen Real Estate (CRE), headquartered in New York, is pleased to announce the off-market sale of 3 Bleecker Street, 324 Bowery, and the retail condominium at 1 Bleecker Street, all located on the prime northwest corner of Bleecker Street and the Bowery in New York City. The three contiguous properties combine for 13,221 square feet and are comprised of three interconnected retail units and six rental apartments. The property was purchased by an affiliate of RWN Real Estate Partners LLC, a New York middle market real estate private equity platform, in partnership with Silverstone Property Group, LLC, a privately held real estate investment and management company. Michael Cleeman, Vice President, and Paul Trupia, Director of Acquisitions of CRE represented both the buyer and seller in the transaction.

“As owner of these properties for nearly half a century, the sellers found this to be an opportune time to take advantage of robust investment activity in Manhattan, and in particular, the prime Bowery/NoHo submarket,” said Cleeman.

About RWN Real Estate Partners LLC: RWN Real Estate Partners LLC is the middle market real estate private equity arm of RWN Management, LLC a New York based private investment manager. Led by Ari M. Shalam, RWN Real Estate Partners LLC has in excess of $100mm of committed equity capital under management. Its mandate targets joint venture and direct real estate investment opportunities, focusing on most property types in the New York City marketplace.

About Silverstone Property Group LLC: Silverstone Property Group LLC, located in New York City, NY, is a fully integrated real estate company focused on the acquisition and development of multifamily, retail and mixed-use properties throughout the New York and New Jersey area. Over the past 24 months, the firm has acquired over $250mm worth of property and is currently focused on transaction sizes between $10 and $100 million.

About Cohen Real Estate: Based in New York, Cohen Real Estate is among the leading full service brokerage firms specializing in investment sales, equity placement, development and advisory services for retail driven properties and shopping centers throughout the United States.

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For more information regarding this acquisition and new opportunities, please contact: Paul Trupia, Director of Acquisitions: (p) 212-803-5789 (e) [email protected] Michael Cleeman, Vice President: (p) 212-803-5785 (e) [email protected]

9 East 40th Street 10th Floor New York, NY 10016 Telephone: (212) 679-1222 Facsimile: (212) 679-1533