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.