News


May 24, 2010

May 25, 2010

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release


McKinley, Inc. is proud to be ranked as #63 on Crains recently published Top 200 Privately Owned companies list featured in the May 17th edition. Companies included on the Top 200 list are ranked by revenue as reported for 2009. McKinleys annual revenue grew by 7.1% in 2009 to $254MM.

We are proud to be named once again to Crains Top 200 list of privately owned companies, states McKinley Chief Executive Officer, Albert M. Berriz.

McKinley, founded in 1968, is a well respected national real estate investment firm that owns and operates $2.4 billion in assets including 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.

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May 17, 2010

May 18, 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 Turtle Bay Estates. Turtle Bay Estates is a 174 site manufactured housing community in Syracuse, Indiana. McKinley was appointed receiver of this lakefront residential community in August of 2009.

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.

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May 17, 2010

May 18, 2010

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley, Inc. has been appointed Receiver for West Campus Apartments, a 236 unit apartment community located in Kalamazoo, Michigan. The appointment was made by the 9th Judicial Circuit Court of Kalamazoo County. We are excited to have the opportunity to apply our proven track record of success to assist with this asset. Im confident that by applying our teams passion and expertise, we will be able to enrich the quality of life and create value for all of the stakeholders, 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.

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May 17, 2010

May 18, 2010

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley, Inc. has been appointed Receiver for Derby Ridge Apartments, a 240 unit apartment community located in Lakeside Park, Kentucky. The appointment was made by Kenton Circuit Court. We are excited to have the opportunity to apply our proven track record of success to assist with this asset. Im confident that by applying our teams passion and expertise, we will be able to enrich the quality of life and create value for all of the stakeholders, 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.

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May 17, 2010

May 17, 2010

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinleys Commercial Client Services group is pleased to announce the successful disposition of Fall Creek Harbour. McKinley was appointed receiver of this 52,000 square foot mixed-use center in Fishers, Indiana in March of 2008.

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 Commercial Client Services and Property Management, please contact Matthew D. Mason at 734-769-8520 x267.

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May 17, 2010

May 18, 2010

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley, Inc. is pleased to announce that Residential Client Services has been appointed Property Manager for a 358 unit apartment home community, Wellington Place, located in Orange Park, Florida.We are excited to have the opportunity to apply our proven track record of success to assist with this asset. Im confident that by applying our teams passion and expertise, we will be able to enrich the quality of life and create value for all of the stakeholders, 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.

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May 17, 2010

May 18, 2010

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley, Inc. has been appointed Receiver for Brandon Manor Apartments, a 32 unit apartment community located in Brandon, Florida. The appointment was made by the Circuit Court of the Thirteenth Judicial Circuit in and for Hillsborough County, Florida. We are excited to have the opportunity to apply our proven track record of success to assist with this asset. Im confident that by applying our teams passion and expertise, we will be able to enrich the quality of life and create value for all of the stakeholders, 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.

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May 17, 2010

May 18, 2010

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley is pleased to announce the promotion of James Vuong from Web Designer and Development Associate to the Director of Marketing, Media and Attraction (MMA). In his new role, James will be McKinleys Marketing Technology leader.

After spending five years at General Motors as an engineer, James brings a diverse and formidable skill set to McKinley. Also, James created his first profitable website at the age of thirteen demonstrating his ability to understand business even at a young age. After joining McKinley in June 2009, James built a robust and interactive web community that allows our customers to connect with McKinley and with each other to pay rent, request maintenance service or just let us know whats on their minds.

Before James arrived at McKinley, I had a vision and an outcome in mind for my.McKinley.com states Albert L. Berriz, Vice President & Managing Director for Residential Real Estate. James made that vision a reality one pixel and one customer at a time.

James received a Bachelors of Science in Electrical Engineering from Kettering University.

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.

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May 5, 2010

Posted: May 6, 2010 at 6:00 AM [Today]



Ann Arbor-based McKinley Inc. dominates the local apartment landscape, owning 5,000 units that account for 60 percent of the conventional low-rise apartment complexes in Washtenaw County.

Across the U.S., McKinley added another 6,000 units to its owned portfolio, along with some key commercial buildings - like McKinley Towne Centre in downtown Ann Arbor.

Yet the company - which built its local reputation as a landlord - has quietly grown over recent years into an institutional real estate management company, adding both jobs to its Ann Arbor-based corporate headquarters and properties to the portfolio it manages for others.

The business has matured and grown, said CEO Albert M. Berriz. Its become a very sophisticated institutional real estate management business.

(McKinley) is now a real estate advisory brand.

According to a report from Real Capital Analytics, institutions - such as pension funds and life insurance companies - pumped more than $35 billion into the apartment sector in 2007. That followed a year when they invested an estimated $23 billion into the sector.

Those investors - led by many East Coast firms that control billions - look for long-term, stable returns.

Yet, said Berriz, theyre not looking to manage the properties.

And thats where McKinley steps in.

The first effort was in the late 1990s when McKinley was appointed receiver at the Villages of Taylor, a federally funded and troubled complex that the company turned around and still manages.

Locally, an early receivership by McKinley was the former Lake in the Woods in Ypsilanti Township, which McKinley managed until its eventual sale and rebranding as Lake Shore Apartments.

Today, the companys portfolio of managed apartments tops 20,000 units and more than 150 properties, bringing its total portfolio to more than 30,000 units. The company has also expanded into new states: It now operates in 20 states, all east of the Mississippi River, and excluding the northeast. Ten of those states were added in the last four years.

Some of the business is done for property workouts, or cases in which a lender takes a property back after a loan default. Other clients - like Berkadia and Freddie Mac- can look for longer-term management.

But McKinley does turn away work that doesnt fit its model: Berriz insists that a McKinley executive must be able to reach a property that it takes into its portfolio within a four-hour drive.

So the company has grown into Atlanta, Norfolk, Va.; and central Florida, while declining offers to work in Phoenix and Dallas. Its enough to generate $400 million in annual revenue.

We know where we can be effective and where we cant, Berriz said.

The national investment climate that stalled commercial real estate deals in 2009 is starting to thaw, Berriz said. But the workout business isnt slowing down, even as recovery takes hold.

Berriz estimates that full national recovery wont be seen until 2013-2015.

And in the meantime, McKinley will continue to accept both temporary and longer-term assignments from its key customers. Today, its working on more than 150 properties; 26 were resolved.

Berriz says the company now can be described as a finanance-based, intellectual capital-based business.

Were managing our real estate in the way we manage our own real estate, Berriz said. Its run off the same platform with the same people. Its a great expansion of our brand.

It also benefits Ann Arbor as the company expands to 125 employees in its headquarters on North Main Street. Many of the new jobs come from three new departments, which account for a combined 30-plus new positions: Marketing, media and attraction; residential asset management; and commercial asset management.

Nationally, McKinley employs 1,250 and operates three leadership hubs: Indianapolis, Atlanta and Winter Park, Fla.

Yet because McKinley keeps its headquarters downtown, growth in those three places is fueling growth in Ann Arbor, Berriz said.

That doesnt mean that McKinley is seeking more property in Ann Arbor. It wont sell assets here; however, Berriz said, we have a responsibility to diversify our balance sheet.

And purchasing property will be a secondary effort for the company moving forward. Today, its owned property is about one-third of its $1.3-billion portfolio. In coming years, that will drop to 20 percent.

The most likely scenario for McKinley on the purchase side is to join its clients in joint venture deals, he said.

The most important thing we value is our relationships, Berriz said. We deal with very large organizations. Their breadth is bigger than anything we could do. In the worlds were in, were the first person they think of.

Paula Gardner is Business News Director of AnnArbor.com. Contact her at 734-623-2586 or by email. Sign up for the weekly Business Review newsletter, distributed every Thursday, here.


Link: http://www.annarbor.com/business-review/institutional-real-estate-clients-fuel-mckinleys-growth-in-eastern-us-and-ann-arbor-headquarters/

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April 21, 2010

April 22, 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 Cypress Post Apartments. Cypress Post Apartments is a 19 unit apartment community located in Jacksonville, Florida.

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.

This disposition is a recent example of how McKinley aggressively solves real estate challenges for our clients. From takeover to disposition, the McKinley team enjoys exceeding expectations for our partners and clients.

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 29,269 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.

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