McKinley Appointed Receiver for Major Redevelopment Effort

March 28, 2012

WEST PALM BEACH, FLORIDA McKinley is pleased to announce that theFifteenth Judicial Circuit Court for Palm Beach County, Floridahas appointed McKinley the Receiver for a redevelopment project in West Palm Beach, Florida. The 2.2 acre project, which was slated for redevelopment into a high-end 224 unit condominium project, also includes a 24,018 square foot office building.

We are excited to have the opportunity to apply our proven track record of success to assist with this most important asset. Im confident that by applying our teams passion and expertise, we will be able to create value for all of the stakeholders, stated Albert M. Berriz, Chief Executive Officer.

McKinley has been actively involved in Florida since 1982 and has over 500 full time team members operating in over 12,000 multi-family units as well as major office and retail assets throughout the state. Major geographic concentrations include Miami, Fort Lauderdale, West Palm Beach, Fort Myers, Orlando, Tampa, Gainesville, Jacksonville, Tallahassee and Pensacola.

Florida is our single largest market states Ken Polsinelli, Chief Real Estate Officer. We have seasoned players in position that have been with us 10, 20 and 30 years on the ground, doing great things adds Polsinelli.