McKinley Announces Successful Disposition of Fairview Apartments

March 31, 2010

March 31, 2010

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinleys Residential Client Services is pleased to announce the successful disposition on behalf of our valued client of Fairview Apartments. Fairview Apartments is a 104 unit apartment home community located in Pompano Beach, Florida. McKinley was appointed Receiver by the Circuit Court of the Seventeenth Judicial Circuit, Broward County, in July 2009.

We were excited to have the opportunity to apply our proven track record of success to assist with this asset. Im confident that by applying our teams passion and expertise, we will be able to enrich the quality of life and create value for all of the stakeholders, states Albert M. Berriz, Chief Executive Officer.

This disposition is a recent example of how McKinley aggressively solves real estate challenges for our clients. From takeover to disposition, the McKinley team enjoys exceeding expectations for our partners and clients.

McKinley, founded in 1968, is a well respected national real estate investment firm that owns and operates $2.4 billion in assets in 139 properties for its own account and for select clientele. This includes 29,117 apartments and over 7.0 million square feet of commercial space located in 19 states. Headquartered in Ann Arbor, Michigan, Albert M. Berriz serves as Chief Executive Officer with 1,250 full-time employees nationwide.