 |
| Peppertree Apartments, Winchester, VA |
 |
| Byron Cocke |
ATLANTA, GA — Cocke Finkelstein Inc. (CFI), a full-service
multifamily investment firm, has acquired Peppertree Apartments, a
194-unit multifamily community in Winchester, Va., for $14.1 million. CFLane,
the apartment management subsidiary of CFI, will manage the garden-style
community.
Peppertree
Apartments, located about 80 miles west of Washington D.C., was 94 percent
occupied at the time of closing.
“Expanding the
presence of CFI and CFLane in the Mid-Atlantic region is a major goal of ours
in 2014, and this acquisition is an important step toward meeting that
objective,” said Byron Cocke, CEO of CFI and CFLane.
“The Mid-Atlantic is
a great area for the company’s growth because of its strong employment and
economic drivers, and its adjacency to our existing footprint,” Cocke added.
“We are excited about bringing this property into our portfolio, and we feel it
is well positioned for long-term success.”
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)
No comments:
Post a Comment