January 16, 2013
DALLAS, TEXAS - McKinley is pleased to announce that it has been engaged to manage Varsity Place, a 675 bed/484 unit rental community located near the campus of the University of Texas - Tyler on behalf of an institutional client. Varsity Place features a variety of amenities and is ideally located for UT students, medical center employees and the numerous surrounding employers.
"We are pleased to be able to apply our team's creative talents to this assignment and to generate value for all stakeholders" said Albert M. Berriz, McKinley's CEO. "Our Dallas-based team is excited for this opportunity and we continue to expand our efforts throughout Texas."
McKinley's Texas efforts lead by Trey Caswell, Chief Operating Officer, have been enormously successful. Caswell, a Texas native, and his Texas based team have created significant value for McKinley's institutional clients. "We are our proud of our value creation track record in the state of Texas" added Caswell. "We can move very quickly and add significant value for our clients from our leadership hubs in Houston and Dallas."
January 10, 2013
Ann Arbor, MI - McKinley is pleased to announce the successful disposition of Waters Edge Apartments in Jacksonville, Florida on behalf of our valued client.
Since the January 2011 takeover of this 404 unit apartment home community, McKinley's Residential Client Services team worked consistently to make significant improvements to the propertywhileincreasing occupancy and revenues. In addition, a major underground storm water project was completed.
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.
January 7, 2013
Check out the article on Bizjournal.com about McKinley being retained as the property and asset manager of 39 retail centers in 13 states.
January 6, 2013
ANN ARBOR, MI McKinley Commercial Client Services is pleased to announce that it has been retained as the property manager and asset manager for a portfolio of 39 retail centers in 13 states. The 4.25 million square foot portfolio consists primarily of suburban, grocery-anchored shopping centers in sizes ranging from 52,000 to 245,000 square feet while containing more than 430 tenants including several national grocery stores, Staples, The Home Depot, Dollar Tree, Lowes and Ross Stores. With this assignment, McKinley's Commercial Client Services division has grown by more than 10.5 million square feet in 2012 and now has a total commercial portfolio exceeding 21 million square feet.
"We are thrilled to be chosen to manage this portfolio," said Matthew Mason, Senior Vice President and Managing Director of Real Estate at McKinley. "The McKinley Commercial Client Services team was immediately on site to begin the process of enhancing and maximizing the value of these assets as we focus on overall operation and execution. We are very pleased to have this opportunity."
"Matt and his team have done another fantastic job in securing this assignment," commented Albert M. Berriz, CEO of McKinley. "Our Commercial Client Services team is truly the best in the business."
January 6, 2013
Check out the article about the 120-unit apartment complex in Michigan posted on Rejournals.com.
January 2, 2013Check out this article about McKinley's recent 120-unit apartment community acquisition on multifamilybiz.com.
January 1, 2013
Check out this article about McKinley's recent apartment community acquisition and it's plans for a $1.2M renovation on annarbor.com.
December 30, 2012
Ann Arbor, MI McKinley announced today the acquisition of Westwood Apartments, a 120 unit garden apartment community located on the west side of Ann Arbor on West Liberty Street just several blocks east of Stadium Boulevard. With this acquisition, McKinley now owns more than 5,400 units in the region, and further consolidates its dominant footprint in this vibrant market.
"We obviously have enormous confidence in Ann Arbor and we are equally confident in the future of this community and the region. This becomes our fourth McKinley community in the old west side of Ann Arbor. Westwood will be re-named Manchester West" stated Albert M. Berriz, CEO of McKinley. The property will undergo significant interior and exterior renovations expected to commence in early 2013. Plans include major interior renovations, siding, painting and major wood repairs, landscaping, signage along with major improvements to the sales office and common areas. Manchester West will become a "smoke-free" community like its sister community Manchester Flats located at Stadium Boulevard and Pauline Boulevard. "This community is superbly located within walking distance to downtown, however it needs a major investment to make it competitive and consistent with what our customers expect in our communities" added Berriz.
McKinley continues to make strategic acquisitions throughout its 25 state platform for its own account and for its institutional clients and partners. In addition to Ann Arbor, the major focus of growth has been along the I-85 Corridor from Maryland to Georgia, the I-4 corridor from Tampa to Orlando, Texas and Nevada.
December 20, 2012
Check out the article about McKinley's two key promotions on REJournals.com.
December 19, 2012
ANN ARBOR, MI - McKinley is pleased to announce the promotion of Robert Jones to Assistant Director, Commercial Portfolio Management. Robert has achieved many successes during his tenure at McKinley that began in September 2010. Roberts notable accomplishments include managinga largeshopping center in Scottsdale, Arizona and achieving tremendous value creation at a large office building in Grand Rapids, Michigan. In his new role, Robert will report to the Senior Vice President and Managing Director, Real Estate.
Please join McKinley in congratulating Mr. Jones on this important and well-deserved promotion.