News


February 15, 2012

MIAMI, FLORIDA McKinley is pleased to announce the successful resolution of Rio Apartments in Miami, FL. Rio is a 294 unit apartment community located in the Fontainebleau neighborhood of Miami. McKinley was hired by the court appointed Receiver to stabilize the community, cure deferred maintenance and to address numerous resident concerns. In only 25 days, the community was repositioned resulting in a 100% recovery of the outstanding debt.

We appreciated the opportunity to be involved in the repositioning of this asset on behalf of our valued stakeholders, states Albert M. Berriz, Chief Executive Officer of McKinley.

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February 15, 2012

Read all about Colliers International, an Ann Arbor commercial real estate company, moving into the first floor of McKinley Towne Centre.

http://annarbor.com/business-review/ann-arbor-commercial-real-estate-company-moves-into-first-floor-of-mckinley-towne-centre/?cmpid=NL_BR_mainphoto

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February 13, 2012

Questions about investing in secondary and tertiary multifamily marketsor managing distressed assets? Albert M.Berriz, CEO of real estate investment firm McKinley, will be taking over the Multi-Housing News Facebook pagehttp://www.facebook.com/MHNonFBon March 13th at 2 p.m. EST, to share his expertise and answer your questions. Don't miss this!

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February 8, 2012

COLUMBUS, OHIO McKinley is pleased to announce that it has commenced management at The Falls Apartments in Columbus, Ohio. The Falls Apartments consists of 133 units and is part of a larger institutional relationship for which McKinley has responsibility for property and asset management.

We are thrilled to expand our relationship with this assignment, and are eager to duplicate our success at 93east Apartments in Atlanta at this beautiful community as well. McKinleys successful track record of adding value for owners through increased occupancy, collections and rental rates along with exceptional property andasset management makes us ideally suited for this opportunity, and we look forward to enriching the quality of life for the residents living at The Falls, states Kenneth P. Polsinelli, Chief Real Estate Officer.

McKinley has a major presence in Columbus and throughout Ohio with both residential and commercial assets. "We have been in Ohio since 1989," said Polsinelli "and Ohio is a major component of our Midwestern platform. We can execute quickly and effectively throughout the entire state creating value for ourselves and select clientele." In addition to numerous residential and commercial client assets throughout Ohio, McKinley owns and operates Akron Centre Plaza and First Energy Plaza, twin office towers in Downtown Akron with 600,000 SF of leasable space.

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February 6, 2012

Read this great article featuring McKinley's philosophy on condo conversion.

http://mydigimag.rrd.com/publication/?i=97696&pjs=1&&pn=&ver=swf&p=31

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February 1, 2012

Read this great article about McKinley Executivesbeing elected to the NMHC Board of Directors!

http://www.multihousingnews.com/newsinbrief/mckinley-executives-elected-to-board-of-directors-of-nmhc/1004048084.html

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February 1, 2012

ORLANDO, FLORIDA McKinleys Residential Client Services is pleased to announce the successful disposition of Oak Cluster in Orlando, FL. McKinley began managing this 44 unit multi-family complex in April of 2011. During their time at the property, the McKinley team successfully improved the quality of life for their residents while increasing occupancy by 27%.

We appreciated the opportunity to be involved in the repositioning of this asset on behalf of our valued stakeholders, states Albert M. Berriz, Chief Executive Officer of McKinley.

For more information on McKinley, please contact Kenneth P. Polsinelli at 734-769-8520 x 230 or kpolsinelli@mckinley.com.

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January 30, 2012

ANN ARBOR, MICHIGAN - What started as a quite successful new venture with over 115 new jobs moving to the Ann Arbor area, has already grown to over 130 staff members and 30 open positions in a very short span of time.

As announced in November, Cole Taylor Bank's mortgage division led by Willie Newman, successful local entrepreneur, opened its operation in 28,000 square feet of space in the Northeast Corporate Center at 2350 Green Road in Ann Arbor. A recent announcement (attached) from Taylor Capital and Cole Taylor Mortgage indicates their mortgage banking revenue grew 42.9% during 2011.

"We are thrilled and excited with our progress in Ann Arbor and the jobs we are creating locally," said Willie Newman in a meeting between Newman and McKinley's CEO Albert M. Berriz.

Berriz commented, "Willie is a proven player and a close friend, and it was very important to him that the jobs he would be creating would benefit his home town. It's amazing to see what Willie has done in such a short period of time."

Cole Taylor is actively seeking 30 new team members at its Ann Arbor headquarters at this time. Please visit www.coletaylormortgage.com/about, and then click on the link under Join Our Team.

For more information regarding Cole Taylor Mortgage please contact Willie Newman at (734) 926-2400. For more information about McKinley please contact Albert M. Berriz at (734) 769-8520 ext.265.

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January 30, 2012

Read a great article about the path back to rentals in a condo conversion.

http://www.housingfinance.com/aft/articles/2012/january-february/0112-pipelines-Preaching-to-the-Converter.htm

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