McKinley Announces the Promotion of Jason Schaller

October 28, 2008

November, 2008

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

Jason has been primarily responsible for the development of our residential acquisitions and our existing portfolio with a recent focus in Florida. Under Jasons leadership, he has organized an adroit redevelopment team operating across the Residential Real Estate platform.

Jason has 12 years of Design and Construction experience, including 9 years with McKinley. During his time at McKinley, he has been responsible for over $30 million in renovation and redevelopment. In addition to his professional accomplishments, Jason also serves as President of the Rock Cystic Fibrosis Committee and worked with the Neutral Zone building redevelopment. Jason is a graduate from Eastern Michigan University with a Bachelors Degree in Art Management.

McKinley, founded in 1968, is a well respected national real estate investment firm that owns and operates $2.2 billion in assets in 117 properties for its own account and for select clientele. This includes 20,622 apartments and over 6 million square feet of commercial space located in 10 states. Headquartered in Ann Arbor Michigan, Albert M. Berriz serves as Chief Executive Officer with 902 full-time employees nationwide.