August 12, 2013
CHAMPAIGN, ILLINOIS McKinley has been appointed Receiver for University Village by the Circuit Court of the Sixth Judicial Circuit, Champaign County, IL and will immediately begin managing this purpose-built student housing community located in Champaign, IL, just north of the University of Illinois main campus. The property consists of 240 units and 792 beds and offers a mix of two bedroom/two bath, three bedroom/three bath and four bedroom/four bath floor plans. A full array of amenities is provided for residents including: swimming pool, tanning beds, indoor basketball court, dog park, game room, computer study lounge, fitness center, car care facility, and grilling areas. University Village is a gated community and provides a complimentary shuttle service to and from the University of Illinois campus. In addition to serving students who attend the University of Illinois, the property also caters to students attending Parkland College in Champaign.
McKinley has a long history of operating properties in college towns that serve student populations and our management platform includes a team dedicated specifically to the specialized area of purpose-built student housing. We are pleased to be able to offer management and advisory services to our clients with student housing assets and look forward to putting our expertise to work at University Village, stated Alexandra S. Jackiw, Managing Director, Institutional Residential Real Estate.
August 5, 2013
COLUMBUS, OH McKinleys Institutional Residential Real Estate group is pleased to announce its newest multi-family portfolio appointment on behalf of our valued client. McKinley has been engaged to provide Real Estate Advisory services, Property Management Services and Asset Management Services for three apartment communities in greater Columbus, OH. The communities include College Park, Gateway Lakes and Worthington Meadows, and consist of 1,030 apartment homes.
College Park is ideally located near The Village of Bexley and Capital University, Gateway Lakes is conveniently located near shopping and dining in Grove City, and Worthington Meadows Townhomes are located in the beautiful community of Worthington. These three communities include one and two bedroom apartment homes and are located with quick access to downtown Columbus and to major highways and interstates.
McKinley currently owns and manages 12,372 apartment homes in the Midwest and is continuing to expand in the region. Our team has done an extraordinary job mobilizing quickly for this assignment," said Albert M. Berriz, McKinleys Chief Executive Officer. "We are pleased to undertake this most recent endeavor on behalf of all stakeholders and are committed to delivering superior results," added Berriz.
August 1, 2013
LAKE MARY, FL McKinley is pleased to announce that its Institutional Commercial Real Estate Group has completed another successful workout. The Property, Lake Emma Corporate Park, is a 245,000 square foot, two building office complex located in Lake Mary, Florida. McKinley was appointed as Receiver on August 8, 2011 and was subsequently retained as Property Manager. During McKinleys time managing the property, a successful tax appeal was negotiated, an extensive HVAC replacement project was completed, operating costs were reduced, occupancy was increased and the overall property appearance was enhanced. These improvements allowed for the successful disposition of the asset.
We are pleased to have the opportunity to successfully reposition this asset for sale, shared Matthew D. Mason, Managing Director, Real Estate, McKinley. Our expertise and track record is longstanding in Florida, as we have successfully owned and operated real estate in the state since 1982, shared Mason.
July 28, 2013
Ann Arbor, MI McKinley is pleased to announce that James Stanfill has joined the company as Managing Director, West Coast Operations to lead the McKinley Residential expansion into California. Jim is a California native, and an accomplished real estate executive having graduated from UCLA with a BA in Economics in 1990. Jim spent the past 23 years as an office and retail property specialist, earning the CCIM designation while focusing his efforts primarily on Southern California. During his tenure, Jim leased or sold assets with a total value of over a half billion dollars. Jim was a top producer at Coldwell Banker Commercial WESTMAC, representing numerous local and national firms, and achieved the Circle of Distinction for every year Coldwell Banker Commercial has given the award. Jim began his Commercial Real Estate career in the research department of Cushman & Wakefield.
We are thrilled to welcome Jim into the McKinley family, states Albert M. Berriz, McKinley's Chief Executive Officer. This appointment is part of our overall strategy to position McKinley to thrive as we continue to grow and expand. Jim complements our strong existing capabilities and he is a great fit with our culture which will positively impact our customers and the services we provide to our stakeholders, shared Berriz.
Mr. Stanfill's experience, expertise and market knowledge will be instrumental to McKinley's growth throughout California and the West Coast. Jim and his wife Cindy have two daughters, and reside in Southern California.
July 18, 2013
Read this great article about Detroit's bankruptcy on annarbor.com featuring McKinley's CEO Albert M. Berriz.
July 18, 2013
Check out this great article featuring McKinley's CEO, Albert M. Berriz, on Bizjournals.com.
July 2, 2013
Check out this great article on Rejournal.com featuring McKinley's $20 million upgrade for its owned portfolio.
July 1, 2013
Ann Arbor, MI - McKinley Commercial Client Services announced today it has been retained as the Property Manager and Asset Manager for a three building, 143,500 square foot Office and Industrial portfolio in Anderson, Indiana. Two of the Office buildings are fully leased and occupied by Remy International, a 117 year-old American manufacturer with facilities in 11 countries. Anderson is the county seat of Madison County, Indiana and in 2007, was ranked 98th in the Forbes List for 100 Best Places for Businesses among Smaller U.S.
We are pleased to add this property to our efforts in Indiana, shared Matthew D. Mason, Managing Director, Real Estate, McKinley. We appreciate the opportunity to once again utilize our expertise and track record in this market for our valued client, one that we know well and have extensive experience, shared Mason.
June 26, 2013
ORLANDO, FL - McKinley has major renovations underway throughout its entire Owned Residential portfolio with a plan to exceed $20 million in upgrades in 2013. A most recent example of this work is the renovation of Conway Forest located minutes from Downtown Orlando and the Orlando Regional Medical Center. Renovations include complete exterior upgrades, upgrades of all amenities and common areas in addition to unit upgrades.
"With this undertaking, we are thrilled to deliver a superior product to our customers. We carefully listened to them and designed our renovation strategies to maximize customer engagement in the effort. Once completed, our portfolio will be extraordinary, achieving our goal to WOW our customers at every interaction," offered Albert L. Berriz, Managing Director, Owned Residential Real Estate.
"These are generational assets that are extraordinarily well located, and this investment will be transformational for the portfolio, totally enhancing the value proposition we deliver to our customers," added Albert M. Berriz, CEO and Managing Member of McKinley.
McKinley anticipates continuing the effort into 2014 at which time its communities will be substantially upgraded as part of this comprehensive strategic plan for the Owned Residential portfolio. The communities involved in the renovation effort are located in Florida, Michigan, Indiana, Illinois, and Georgia.
June 25, 2013
Ann Arbor, MI - Today McKinley announces it has successfully completed the disposition of the MEIP C Portfolio located in Lansing, Michigan. McKinley Commercial Client Services was appointed receiver of the portfolio of properties in August of 2011. The portfolio is comprised of 373,036 square feet of Office and Retail including 29 different buildings. Under McKinleys management, the occupancy was increased and the rent roll stabilized. Additionally, McKinley successfully appealed the property taxes, significantly reducing the tax burden.
We are pleased to have the opportunity to successfully reposition this asset for sale, shared Matthew D. Mason, Managing Director, Real Estate, McKinley. Our expertise and track record is longstanding in Michigan, as we have successfully owned and operated real estate since our founding here in 1968, shared Mason.