McKinley Announces Successful Disposition in Michigan

June 2, 2010

June 2, 2010

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinleys Residential Client Services is pleased to announce the successful disposition of Division Place Apartments. Division Place Apartments is a 24 unit property located in Richmond, Michigan. McKinley was appointed Property Manager of this community in August 2008.

We were excited to have the opportunity to apply our proven track record of success to assist with this asset, states Albert M. Berriz, Chief Executive Officer.

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 30,039 apartments and over 7.0 million square feet of commercial space located in 19 states. Headquartered in Ann Arbor, Michigan, Albert M. Berriz serves as Chief Executive Officer with 1,250 full-time employees nationwide.

For more information on McKinleys Residential Client Services, please contact Kenneth P. Polsinelli at 734-769-8520 x230.