August 25, 2021
Ann Arbor, Michigan - The McKinley Companies announced today the acquisition of Traver Courts Apartments (formerly Village Park of Ann Arbor), a 216 unit multifamily community located on the north side of the City of Ann Arbor. The acquisition is McKinley’s 23rd multifamily apartment community located in Ann Arbor/Washtenaw County, adding to its formidable and dominant footprint in this market as the largest multifamily owner/operator in the region. McKinley has been actively owning and operating multifamily communities in Ann Arbor since 1968.
“Traver Courts is a superb addition to our portfolio of generational multifamily real estate assets. We have extreme confidence in the Ann Arbor Region with major employment growth drivers like Michigan Medicine and others in the immediate submarket,” offered Albert M. Berriz, CEO, Co-Owner, and Managing Member. “This community will allow us to better serve our customers by adding more choices to our already robust portfolio of options on the north side of Ann Arbor, and in Washtenaw County overall. Our extraordinary Michigan Team led by Will Epps is poised and ready to make significant capital improvements and upgrades to the community starting immediately upon takeover, which will materially enhance the customer experience for those living at Traver Courts,” added Berriz.
In addition to its dominant position in the Ann Arbor Region, McKinley is the largest owner-operator of multifamily communities in Orlando (Florida) as listed by CoStar, as well as having a significant multifamily market presence in Hyde Park/South Tampa (Downtown Tampa, Florida). In total, McKinley owns and operates 49 multifamily communities in Central Florida, and has a total of 72 owned communities across its entire platform in Florida and Michigan.