News


September 23, 2010

Midwest Real Estate News: How has McKinley made it through this rough commercial real estate market so far?
Albert Berriz: First of all, it helps to have some perspective. Ive been in this business a long time. There have been similar down times in commercial real estate throughout the decades. People think this is unusual. Its not. All of the other down times in this business have taken several years to work themselves out, too. People sometimes lose touch with this.
The reason weve stayed successful during these times is because of our people. If you go through our operation, youll find executives that have been with us for 10, 20, 30 years. That experience helps. I also require that all of our executives also be excellent operators. You cant separate the two. If you buy a building, you have to know going in how to operate it.

MWREN: Were always looking for signs of hope in this market. Do you see any positive signs as you look at the commercial market across the country?
Berriz: I do see the end to this market. But the end is not near. I dont see a turnaround until 2013 or 2015, and Id lean more toward 2015. If you think about it, though, while this may be a protracted downturn, its not an uncommon one. We saw similar downturns in the 70s and in the late 80s. Of course, a lot of people working in the business today were not in the business during those down times. They dont have the perspective that people with more experience have.

MWREN: It seems, then, that these protracted downturns are simply a symptom of the commercial real estate business.
Berriz: You cant have a period of six- or seven-year growth without eventually having a downturn. Its inevitable. The real estate business always features that cycle of ups and downs. This is my fourth recession. Im not uncomfortable with them. We expand our business in down times.

MWREN: How do you grow your business in the down times? What steps do you take before they hit to make sure youre in the position to do this?
Berriz: I invest in people. Thats more important than any investment you make in real estate. Its the investments we made in people in 2000 that prepared us for what is going on now in 2010. We have such longevity in our ranks. We have leaders in position who have been with us for decades. Having superior leaders and people leads to growth for your company.

MWREN: When you look at the Midwest in particular, do you see any markets where we are seeing at least some improvements in the commercial real estate business?
Berriz: We are seeing a resurgence in parts of Indianapolis. We are also seeing a cautious resurgence in parts of Chicago.

MWREN: If you were talking to someone working in the commercial real estate market who was depressed about the current market, what would you tell that person?
Berrriz: I would tell them that this is the best time to grow professionally or to grow your business. I know that we are looking for smart, hard-working people in this market.

FULL ARTICLE: http://www.rejournals.com/2010/09/21/mckinleys-berriz-investing-in-people-pays-off-in-tough-markets/

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September 7, 2010

September 7, 2010

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley Client Services is pleased to announce that we have been appointed Property Manager for Magnolia at Sandy Springs, a 268 unit apartment community in Atlanta, Georgia.

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 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.

For more information on McKinleys Residential Client Services, please contact Kenneth P. Polsinelli at 734-769-8520 x230.

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September 6, 2010

August 31, 2010

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley Client Services is pleased to announce the successful disposition of Greenwich Apartments. Greenwich Apartments is a 58 unit apartment community located in Toledo, Ohio. McKinley operated Greenwich Apartments under receivership since June 2009.

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

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.

For more information on McKinleys Residential Client Services, please contact Kenneth P. Polsinelli at 734-769-8520 x230.

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August 23, 2010

August 18, 2010

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley Client Services is pleased to announce that we have been appointed Property Manager for Tuscan Shores, a 170 unit apartment community in Roseville, Michigan and Tuscan Creek, a 300 unit apartment community in Ypsilanti, Michigan.

We are excited to have the opportunity to apply our proven track record of success to assist with these assets. 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 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.

For more information on McKinleys Residential Client Services, please contact Kenneth P. Polsinelli at 734-769-8520 x230.

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August 12, 2010

August 12, 2010

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley Client Services is pleased to announce we have been appointed as Receiver for Riviera Maia Apartments, a 504 unit apartment community in Toledo, Ohio.

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 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.

For more information on McKinleys Residential Client Services, please contact Kenneth P. Polsinelli at 734-769-8520 x230.

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August 9, 2010

August 9, 2010

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release



McKinley Client Services is pleased to announce the Superior Court of Marion County has appointed McKinley the Receiver for Banta Trails, an 81,000 square foot office park in Indianapolis, Indiana.

I am confident that by applying our experience and expertise, our team will be able to create value for the stakeholders, states Matt Mason, Senior Vice President, Commercial Client Services.

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.

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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August 3, 2010

August 4, 2010

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release


McKinley Client Services is pleased to announce the successful disposition of Cross Creek Apartments. Cross Creek Apartments is a 143 unit apartment community located in Lexington, Kentucky. McKinley operated Cross Creek under receivership since March 2010.

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

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.

For more information on McKinleys Residential Client Services, please contact Kenneth P. Polsinelli at 734-769-8520 x230.

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July 26, 2010

July 22, 2010

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley Client Services is pleased to announce the successful disposition of Sunnybrook Apartments. Sunnybrook Apartments is a 144 unit apartment community located in Toledo, Ohio. McKinley managed the property since February of 2009.

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

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.

For more information on McKinleys Residential Client Services, please contact Kenneth P. Polsinelli at 734-769-8520 x230.

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July 26, 2010

July 19, 2010

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley Client Services is pleased to announce that we have been appointed Property Manager for Penrod Apartments, a 58 unit apartment community in Detroit, Michigan.

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 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.

For more information on McKinleys Residential Client Services, please contact Kenneth P. Polsinelli at 734-769-8520 x230.

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July 26, 2010

July 16, 2010

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinleys Client Services is pleased to announce the successful disposition of Fullerton Manor. Fullerton Manor is a 42 unit apartment community located in Detroit, Michigan. McKinley managed the apartment community since January 2008.

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

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.

For more information on McKinleys Residential Client Services, please contact Kenneth P. Polsinelli at 734-769-8520 x230.

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