October 27, 2016
FORWARD Florida feature McKinley's CEO, Albert M. Berriz, in article about the hard times for Real Estate in 2008. READ MORE
October 27, 2016
McKinley announced today that it has secured long term financing from Fannie Mae and Berkadia for State Street Village, a newly built market rate apartment community adjacent to the grounds of the University of Michigan athletic campus in Ann Arbor, Michigan. The newly built 78-unit apartment community was leased up in record time, and is part of several communities McKinley has built in Ann Arbor and Fenton over the past several years, all of which have been financed with Fannie Mae and Berkadia.
"We continue our core strategy to secure very favorable long-term fixed rate financing for our generational Multifamily holdings," offered Jim Willett, Senior Vice President and Managing Director - Finance. "We have essentially completed our efforts to secure very favorable long term debt in this low interest rate environment for our existing Multifamily portfolio, and now our focus has turned to securing similar favorable long-term financing for our acquisition pipeline," added Willett.
Additionally, McKinley also announced today that it had secured long-term financing for Bayside Villas and Bayside Villas East, both located in South Pasadena, Florida. The communities which total 70 units are recent acquisitions and were redeveloped to become part of the McKinley Beach brand, a luxury collection of bayfront and beachfront apartment communities located on the barrier islands of Pinellas County, Florida. Financing was provided by The PrivateBank. The properties were leased up in record time and the successful lease ups allowed McKinley to move quickly and secure favorable long-term financing ahead of schedule.
"Jim and his team have done a superb job engineering an outstanding mix of debt sources including HUD, Fannie Mae, and commercial bank financing, which collectively have delivered a fortress position allowing us to achieve our long-term goals for our Multifamily portfolio. We have an extraordinary collection of Multifamily assets located in Florida, Michigan, Indiana, Illinois and Georgia, and the work Jim has done has allowed us to position that portfolio for the long-term on a base of strong recurring cash flow and liquidity," added Albert M. Berriz, CEO, Managing Member and Co-Owner of McKinley.
October 13, 2016
Albert L. Berriz, Senior Vice President & Managing Director - Owned Residential Real Estate, announced today the promotion of James Vuong to Assistant Vice President, Technology Director.
Mr. Vuong began his tenure at McKinley in June 2009 as a Web Designer/Developer in the newly created “Marketing, Media and Attraction” group under Albert L. Berriz. In this role he was responsible for the design and development of My.McKinley.com – a resident services portal that allows residents to connect with McKinley in a transparent and honest way, as well as submit maintenance requests and pay rent online.
In Mr. Vuong’s new role he will be involved in building and leading a team of tech professionals focused on providing world class support for our owned residential site teams as well as innovative services for our residents.
“I’m super excited to start in this expanded role to bring a new level of focus, responsiveness and transparent technical support for our on-site team members,” stated Vuong.
“James is an amazing asset to this company. He single-handedly designed and developed my.mckinley.com from the ground up, which is one of the most innovative resident portals in the industry,” shared Albert L. Berriz. “James has been responsible for all of our web assets for the past several years and has taken on more and more responsibility in other areas as well including marketing and technology. This promotion is well-deserved,” added Berriz.
October 7, 2016
Crain's Detroit Business features McKinley to better understand the steps as a Michigan company getting ready for Hurricane Matthew. Click Here