October 9, 2014
Ann Arbor, MI - McKinley continues to execute on its long term strategy of expanding its Owned Multifamily portfolio in its core markets and in sub-markets where it dominates. McKinley acquired Brighton Park, a 336 unit garden apartment community located in Northwest Indianapolis, contiguous to The Courts Apartments, a 148 unit community which it has owned for many years. The two communities will be merged and run as one 484 unit community which will be called The Courts Apartments. The communities are immediately adjacent to St Vincents Health (http://www.stvincent.org), a member of Ascension Health, the largest Catholic health care system in the country. McKinley also owns Brandywine Apartments in the immediate submarket, which is a 296 unit community also adjacent to the St Vincents Health campus.
"We will always acquire in our core markets of Carmel, Castleton and the north side of Indianapolis with conviction. Indianapolis (and the State of Indiana) is a pro-growth, pro-business environment; and it is the transportation crossroads of America. We are long on Indianapolis, we have been investing in that market since the early 1980's, and we will continue our efforts to grow in that market", said Albert M. Berriz, CEO of McKinley.
A major renovation is now underway for the new acquisition, which includes a complete exterior renovation with siding, roofing and new windows, green energy investments, and extensive interior renovations. The acquisition and renovation is being financed by The PrivateBank of Chicago, and Berkadia is processing a HUD refinancing of the asset which will be closed upon stabilization and completion of the renovation.
October 9, 2014
Ann Arbor, MI – McKinley is proud to share it received the 2014 Crain’s Fast 50 – Fastest Growing Companies award during a presentation along with other recipients named to the Fast 50 which was hosted by Crain’s Detroit Business and held at the MSU Management Education Center in Troy. The event, which honored the Top 50 fastest growing companies in Crain’s database included both private and publicly traded companies. The criteria for award selection was based on dollar amount of revenue growth between 2010 and 2013 and by percentage of revenue growth in this same period. Following the award ceremony, Albert M. Berriz, CEO participated on a panel moderated by Daniel Duggan, Managing Editor, Custom and Special Projects, Crain’s Detroit Business.
“We are very proud to be named to the Crain’s Detroit Business Fast 50 list this year,” stated Albert M. Berriz, Chief Executive Officer and Co-Managing Member with McKinley. “We are honored to be listed along with 49 other very successful companies in our region, including Quicken Loans and the Ilitch Companies, among others,” shared Berriz.
McKinley was ranked #11, with $500 million in annual revenue, $4.6 billion ownership and management, 35,000 multifamily units, 21 million square feet of office and retail and 1,600 valued team members in 33 states.
September 25, 2014
McKinley is a proud member of the Board of Directors of NMHC and attended the recent 2014 fall Board of Directors and Advisory Committee Meeting held at the Fairmont Hotel in Washington D.C. During the meeting, McKinley Chief Executive Officer, Albert M. Berriz participated on a panel of executives to discuss a very hot topic in the multifamily housing industry today – Affordable Housing. Read More.
September 25, 2014
McKinley attended the annual MFE Conference this week in Las Vegas! See Albert M. Berriz as a featured panelist on the exclusive presentation, the 2014 Concept Community "Renovation Nation" reveal, a year-long collaboration which took a deep dive into the acquisition/rehab market, including surveying tens of thousands of consumers and providing real world examples of successful acquisition/renovation case studies.
September 18, 2014
McKinley is proud to announce it has made Crain's Fast 50 list. Read all about how McKinley became one of the fastest-growing companies in the Southeast Michigan area. CLICK HERE
September 17, 2014
Learn the secret behind their success from our Fast 50...Read more on www.crainsdetroit.com
September 15, 2014
An unprecedented building boom of apartment highrises and condos has made construction cranes a lingering fixture of the Ann Arbor skyline....Read more on www.freep.com
August 25, 2014
Construction Underway on McKinley’s Glencoe Oaks near Ann Arbor. Read more on http://www.multihousingnews.com
August 21, 2014
35 luxury apartments under construction at McKinley's Glencoe Hills. Read more on www.mlive.com
August 20, 2014
State Street Village apartment complex gets Ann Arbor City Council approval. Read more on www.mlive.com