News


February 25, 2013

Check out the great article featured on Multihousingnews.com about the close of McKinley's $14.16M bridge loan with Bank of America for RIVA Apartments, a 278 unit community located in Southwest Orlando.

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February 24, 2013

Check out the great article featured on Multihousingnews.com about the launch of mckinley avanath a residential property management enterprise created to manage apartment home communities acquired by Avanath for its various investment platforms, as well as assets owned by institutional partners and clients.

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February 24, 2013

Check out the great article written by REJournals.com about McKinley and Avanath's launch of mckinley avanath, a property management venture formed to manage apartment home communities acquired by Avanath.

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February 24, 2013

ANN ARBOR, MI & IRVINE, CA Albert M. Berriz, CEO McKinley, Inc.and Daryl J. Carter, Founder, Chairman and CEO of Avanath Capital Management, today jointly announce the launch of "mckinley - avanath" a residential property management enterprisecreated tomanage apartment home communities acquired by Avanath for its various investment platforms, as well as assets owned by institutional partners and clients. mckinley - avanath is built on McKinley's national operating platform and proven 44 year track record as apartment operators along withAvanath Capital's sterling real estate investment track record in multifamily real estate.

"This partnership is magical on many levels" states Albert M. Berriz. "Daryl and I have known each other for over 30 years. Theskillsand expertise our teams bring to the table are very complimentary," says Berriz.

"McKinley's values are aligned with Avanath's." states Daryl J. Carter. "McKinley's reputation creating value fits well with Avanath's investment strategy and our partnership translates into the efficient and successful execution of this approach, says Carter.

The venture commences with the management of two multi-family properties, Gladden Farms, a 220 unit community located near Indianapolis, INand Country Wood, a 180 unit, affordable community located in Naperville, IL.



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February 19, 2013

Houston, TX - McKinley is pleased to announce it has been appointed as the property manager and asset manager of Eagles Landing, an eighteen building, 256 unit apartment community, which includes one and two bedroom garden apartment homes located southof downtown Houston with convenient freeway access to I-45 and Beltway 8. The community also offers easy access to the medical center, Hobby Airport, and the oil manufacturing plants.

We appreciate the opportunity to manage Eagles Landing on behalf of our valued client, states Albert M. Berriz, Chief Executive Officer of McKinley. We will apply our expertise in managing this asset and are excited to continue our extensive track record of success creating value for all stakeholders, shared Berriz.

McKinley is currently actively involved in managing rental communities in Dallas, Houston, and San Antonio, Texas for select clients. 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."

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February 14, 2013

Check out the great article written by studenthousingbusiness.com about Alexandra Jackiw, McKinleys Vice President and Managing Director of Residential Client Services.

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February 14, 2013

Ann Arbor, MI McKinley Commercial Client Services is pleased to announce the successful workout and disposition of a large office building in Ann Arbor. The Property, 100 Phoenix Drive, is a 330,000 square foot office building formerly used by the Borders Group as its World Headquarters.

McKinley was appointed property manager in December 2011. During McKinleys tenure as property manager extensive repairs and maintenance throughout the building were performed, operating expenses were reduced, and the Client Services team greatly improved the appearance and safety of the property.

We are very pleased to add another successful repositioning and disposition assignment to the McKinley Commercial Client Services track record, commented Matthew Mason, Senior Vice President and Managing Director of Real Estate at McKinley. The McKinley team created significant value for our client by greatly improving the appearance and safety of the property, as well as completing a successful tax appeal.

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February 11, 2013

Check out this article from annarbor.com about McKinley being awarded a contract to manage Green Oak Village Place.

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February 11, 2013

Check out this latest news from Ann Arbor SPARK regarding the Ann Arbor region

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February 10, 2013

ORLANDO, FLORIDA - McKinley announced the closing of a $14,160,000 Bridge Loan with the Bank of America for RIVA Apartments, a 278 unit community located in Southwest Orlando. The property enjoys a superb location just a few blocks from Universal Studios Orlando and The Mall at Millenia. McKinley recently completed a major renovation of this communitythat itoriginally acquired as a fractured condominium and it has now fully stabilized the asset as a rental apartment community.


"We truly value our relationship with Bank of America. said Albert M. Berriz, CEO of McKinley. They have been a tremendous partner for us in our acquisition and bridge financing efforts." McKinley is in the process of securing long term HUD financing through Berkadia Commercial Mortgage and that financing is expected to close later this year.

McKinley is actively involved in managing rental communities and condominiums throughout the State of Florida on its own behalf and for select clients. Florida is McKinley's largest concentration of multifamily management with over 10,000 units under management throughout the state. McKinley has been actively involved in the investment and management of multifamily and commercial assets in Florida since 1982.

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