McKinley Announces Successful Disposition of High-Rise Apartment Building in Indianapolis

March 3, 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 CityView Apartments located in Indianapolis, Indiana. CityView is a 166 unit that offers one, two, and three-bedroom high-rise apartments. McKinley was appointed Receiver by the Marion County Superior Court in October of 2008 and had continued to manage the property for our client.

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.

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