Cocke, Finkelstein To Develop New Apartment Community in DeKalb County, GA

Chamblee Gateway Apartments Rendering,
Peachtree Boulevard and Chamblee-Tucker Road,
DeKalb County, GA

ATLANTA, GA (July 29, 2014) — Cocke, Finkelstein Inc. (CFI), a full-service multifamily investment firm, has acquired six acres in metro Atlanta at the intersection of Peachtree Boulevard and Chamblee-Tucker Road in DeKalb County.

The firm plans to develop a 283-unit, urban-infill apartment community called Chamblee Gateway, and construction of the Class A property is slated for completion in early 2016.

The Chamblee Gateway land acquisition capped a busy early summer for CFI, as the firm also recently acquired 658 apartment units in metro Atlanta and Michigan, and broke ground on a new apartment community in Atlanta’s prestigious Buckhead sub-market.

Byron Cocke

More specifically, CFI acquired the 296-unit Reserve at Twin Oaks in Clarkston, Georgia, for $12.25 million and three communities in Michigan — the 102-unit Garden Court Apartments in Monroe, the 110-unit Newberry Apartments in Lansing and the 150-unit Olivewood Apartments in Sterling Heights — for $11 million. CFLane, the property management subsidiary of CFI, will manage the four newly acquired communities.

On the development side, The Ardmore, CFI’s 165-unit apartment community in Buckhead, is slated for a third-quarter 2015 completion. 

In addition, leasing has begun at Collier Lofts, a Class A, 184-unit apartment  community in Atlanta’s thriving Buckhead West neighborhood, and construction is slated to be completed this summer.  CFI is co-developing both communities with Enfold Properties.

“The apartment market continues to thrive, both in our hometown of Atlanta and across most of the nation,” said Byron Cocke, Co-CEO of CFI and CFLane. “With the favorable macro economic conditions and our disciplined acquisition and development strategies, we are confident these additions to our portfolio will perform outstandingly and deliver strong returns for our investors.”

For a complete copy of the company’s news release, please contact:

Stephen Ursery

The Wilbert Group

404-549-7150 (O) 404-405-2354 (C)

sursery@thewilbertgroup.com