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partnerships. During 1981 Cohn held investment interests in as
many as 32 limited partnerships. Cohn is proud of his success as
a syndicator and investor, and he also is proud of the results
achieved for those who have invested in his syndications.
Two of Kravitz' clients, Claude Hessee (Hessee) and Les
Garrapee (Garrapee), were in the business of acquiring and
managing apartment complexes. Hessee and Garrapee would locate
apartment complexes to purchase, enter into purchase agreements,
and then find general partners to arrange the equity investment
in the projects. In his representation of Hessee and Garrapee,
Kravitz negotiated the purchase agreements for properties and was
responsible for additional matters including review of title, the
survey, financing of the transaction, and handling the closing.
In 1978 Hessee located an equity investor for a $5,000,000
apartment complex project in Indianapolis, Indiana. The investor
was Richard Roberts (Roberts), a businessman from New York City.
Kravitz represented Hessee in negotiating the purchase agreement,
and Kravitz represented the partnership that bought the property.
Roberts' attorneys prepared the offering memorandum for the
partnership. Kravitz reviewed the offering memorandum to assure
that it correctly reflected the real estate transaction. The
entire transaction closed in roughly 4 to 6 months. During that
time, Kravitz dealt with Roberts and his business associate,
Raymond Grant (Grant). Kravitz served in the same capacity in
the acquisition of two more apartment complexes in which either
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Last modified: May 25, 2011