McKinley Announces Major Investment in Renovations Throughout Owned Portfolio

June 26, 2013

ORLANDO, FL - McKinley has major renovations underway throughout its entire Owned Residential portfolio with a plan to exceed $20 million in upgrades in 2013. A most recent example of this work is the renovation of Conway Forest located minutes from Downtown Orlando and the Orlando Regional Medical Center. Renovations include complete exterior upgrades, upgrades of all amenities and common areas in addition to unit upgrades.

"With this undertaking, we are thrilled to deliver a superior product to our customers. We carefully listened to them and designed our renovation strategies to maximize customer engagement in the effort. Once completed, our portfolio will be extraordinary, achieving our goal to WOW our customers at every interaction," offered Albert L. Berriz, Managing Director, Owned Residential Real Estate.

"These are generational assets that are extraordinarily well located, and this investment will be transformational for the portfolio, totally enhancing the value proposition we deliver to our customers," added Albert M. Berriz, CEO and Managing Member of McKinley.

McKinley anticipates continuing the effort into 2014 at which time its communities will be substantially upgraded as part of this comprehensive strategic plan for the Owned Residential portfolio. The communities involved in the renovation effort are located in Florida, Michigan, Indiana, Illinois, and Georgia.