Atlanta—Atlanta-based real estate and investment management firm Cocke Finkelstein Inc. (CFI), announced the pending acquisition of the assets of Lane Management LLC, to create one of the nation’s largest multifamily property management firms, CFLane. The deal is expected to close in late March.
The new company CFLane will employ over 800 employees, and the leadership team will be headed up by Byron Cocke and Brett Finkelstein operating as Co-CEOs, Bill Barkwell as CFO, and Ken Miller as CTO. Dan Haefner, the current president of Cocke Finkelstein Management LLC and former president of Lane Management, LLC has been appointed President of CFLane, assuming the position of Kelly Scott, who has accepted another position in Houston, TX. The new company’s immediate plans include retaining all of the current office locations and personnel as well as business-as-usual for current clients of both.
CFI is an eight-year-old full-service real estate investment firm providing acquisition, development, property management and asset management services primarily in the Southeast and Midwest for multifamily and manufactured housing. Lane Management was founded more than 30 years ago and is best known for its large multifamily property management platform across the Southeast and Texas. Both CFI and Lane acquire properties for investors, which their respective firms then manage.
As CFLane launches into its long-term strategic planning and identification of best practices, leadership will look to provide more efficient and cost effective services with additional economies of scale.