McKinley Announces Successful Disposition of Southern Woods Apartments

March 29, 2010

March 3, 2010

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinleys Residential Client Services is pleased to announce the successful disposition on behalf of our valued client of Southern Woods Apartments. Southern Woods is a 104 unit apartment home community located in Tucker, Georgia, a suburb of Atlanta.

We were pleased with the turnaround and that we were able to help our client resolve this troubled asset and that the successful disposition was aided by being 100% occupied, states Kenneth P. Polsinelli, Shareholder and Managing Director, Real Estate.

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 29,117 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.