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McKinley Announces Receivership of Blue Garden Apartments

On October 11, 2007 McKinley was appointed Receiver by the Wayne County Circuit Court for Blue Garden Apartments in Westland, Michigan on behalf of our longstanding client, Capmark.

December 4, 2007

Contact:  Mary S. Williams

734-769-8520 ext. 244

                                                                                               

 

For Immediate Release

McKinley Announces Receivership

of Blue Garden Apartments

On October 11, 2007 McKinley was appointed Receiver by the Wayne County Circuit Court for Blue Garden Apartments in Westland, Michigan on behalf of our longstanding client, Capmark.  The 172 apartment home community is nestled in a residential atmosphere - yet close to many shopping centers, schools, and other conveniences.

 

“We are pleased to once again create value for residents in a distressed community and partner with our valued client Capmark, this time with the Blue Garden property in Westland.” states Kenneth Polsinelli, Executive Vice President and Managing Director, Residential Real Estate.

 

This is McKinley’s 27th appointment as Receiver and Property Manager by various jurisdictions in the ten states in which we operate.

 

McKinley, founded in 1968, is a well respected national real estate investment firm that owns and operates $1.8 billion in assets in 103 properties for its own account and for select clientele.  This includes 17,248 apartments and 5.0 million square feet of commercial space located in 9 states.  Headquartered in Ann Arbor, Michigan, Albert M. Berriz serves as Chief Executive Officer with 717 full-time employees nationwide.

 

 

 

 

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