CohnReznick LLP, one of the top accounting, tax, and advisory firms in the U.S., announced has signed a letter of intent to acquire NOI Strategies (NOI), a global real estate consulting boutique.
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 and strategic synergies to both firms that will significantly augment the way they serve clients 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.
NOI is a certified Women’s Business Enterprise and has a presence in Chicago, New York, Dallas, British Columbia, Canada, and Sydney, Australia. 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,” said Huang. “CohnReznick’s robust advisory services as well as its traditional accounting and tax services are an exciting complement to the platform for NOI. ”
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, “This is just the first of several strategic moves for us in the advisory services group this year.”