MCKINLEY AND AVANATH CAPITAL LAUNCH NEW PARTNERSHIPFebruary 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.