News
INVESTOR BUYS MULTI MULTIFAMILY
August 29, 2012
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| Cocke-Finkelstein is certainly growing quickly : The multifamily investor and operator just purchased a slew of metro area projects, including 17 Street Lofts (above) and the unsold units at ATLofts, both at Atlantic Station and developed by Lane Co. According to Databank, Cocke-Finkelstein paid $8M for 104 units from Bank of America. The price of 17 Street Lofts was undisclosed. They're not the only purchases in recent weeks: The company also bought Lakeside Villas, a 250-unit apartment complex in Hampton, from Davis Development for $14.8M, and Shallowford Road Apartments (204 units) and Kenco Apartments on Briarcliff Road (34 units), also for an undisclosed price, according to Databank. Calls to Cocke-Finkelstein officials were not returned as of press time, but we'll keep you posted as we learn more. |
