McKinley Announces Promotion of Jason Schaller

August 5, 2009

August 4, 2009

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

Ann Arbor, MI We are pleased to announce Jason Schaller has been promoted to Vice President and Regional Director for the Southeast Portfolio. Jason began his career with McKinley more than ten years ago starting in a temporary position on the central construction crew to help pay for his college education. During his tenure, Jason has grown and gained expertise and responsibility in a number of areas both on real estate owned and in our client services portfolio and in the important art of developing talent. During his time at McKinley, Jason has been responsible for over $30 million in renovation and redevelopment and just prior to accepting his new assignment was leading the Client Services teams in Virginia and North Carolina. In his new role Jason will lead our 300+ team members in the Owned Residential Portfolio in Florida and Georgia as we continue to grow our presence and our portfolio in this region. In addition to his professional accomplishments, Jason serves as President of the Rock Cystic Fibrosis Committee and worked with the Ann Arbor Neutral Zone Capital Campaign in a successful building redevelopment. Jason is graduated with Honors from Eastern Michigan University with a Bachelors Degree in Arts Management.

McKinley, founded in 1968, is a well respected national real estate investment firm that owns and operates $2.4 billion in assets in 139 properties for its own account and for select clientele. This includes 28,358 apartments and over 6.2 million square feet of commercial space located in 15 states. Headquartered in Ann Arbor Michigan, Albert M. Berriz serves as Chief Executive Officer with 1,050 full-time employees nationwide.