SANFORD M. “SANDY” COHEN
Chief Operating Officer
Sandy serves as both the Chief Operating Officer of the Divaris Group of companies which includes Divaris Real Estate, Inc. and Divaris Property Management Corp., as well as the President of Ingenuity Development, LLC. He serves on the Executive Committee along with the President and Chairman of the company.
Within the Divaris Group, Sandy has the responsibility for directing the financial affairs and overseeing management of the operations of the company and is also responsible for specific client account relationships. In addition to his brokerage experience, Sandy has had extensive experience in financing, including both debt and equity for projects and operating companies.
He also directs the Company’s acquisition initiatives, either direct acquisitions for the company or acquisitions for third party clients .
His responsibilities also include directing the Company’s A.R.M.S. (Asset Repositioning and Monetization Services) division which serves the lending and loan servicing industries. The A.R.M.S. group is a full-service real estate services organization which manages special assets for the financial community. He also acts as a receiver on behalf of lenders and loan services who do not want to initiate foreclosure proceedings. In addition, he oversees the company’s surplus disposition assignments and has been instrumental in the disposition of over 2 million square feet of space.
As President of Ingenuity Development LLC, he is responsible for all development and redevelopment initiatives for the company in Virginia, North Carolina and South Carolina. Ingenuity Development, LLC specializes in the development of grocery-anchored retail centers and mixed-use projects with a retail core. Ingenuity Development focuses on both development projects for its own portfolio as well as providing fee development services for third party clients.
Sandy has almost 30 years of experience in the real estate field. He received his Bachelor of Commerce degree from the University of Virginia in 1978. After graduation, he spent eight years with Price Waterhouse. Following that, he was the Chief Financial Officer for a large real estate brokerage and development company based in Norfolk, Va. Sandy received his certification as a CPA in 1980.
Sandy has served on various community and business boards. He is a former President and past board member of the Virginia Beach Central Business District Association; and past board member of Virginia Beach Vision, Hampton Roads Economic Development Alliance, Tidewater Community College Educational Board and the Hampton Roads Association of Commercial Real Estate.
Projects Sandy has worked on include:
- Divaris Disposes of 23 Closed Supermarkets in Seven States
- DRE’s VA Peninsula Office Wins Office and Retail Appointments
- Divaris Undertakes National Disposition of Surplus Properties
- Burlington Coat Factory Purchases Former Hechinger Building
- Divaris Handles National Disposition Assignments
- Hechinger/HQ Stores