ATLANTA—Multifamily investment firm Cocke, Finkelstein reports it has acquired a six-acre parcel in metro Atlanta and plans to build the Chamblee Gateway apartment community there.

The Chamblee Gateway development, which will total 283 units, will be built at the intersection of Peachtree Boulevard and Chamblee-Tucker Road in DeKalb County. So far this summer, the firm reports it has acquired 658 apartment units in metro Atlanta and Michigan, and broke ground on a new apartment community in Atlanta's prestigious Buckhead sub-market.

“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, the company's property management subsidiary. “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.”

Recently, CFI acquired the 296-unit Reserve at Twin Oaks in Clarkston, GA, 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 will manage the four newly acquired communities.

The company also reports that CFI's The Ardmore, a 165-unit apartment community in Buckhead, is scheduled for a third-quarter 2015 completion. In addition, leasing has begun at Collier Lofts, a Class A, 184-unit apartment community in Atlanta's Buckhead West neighborhood with construction slated to be completed this summer. CFI is co-developing both communities with Enfold Properties.