McKinley Announces Successful Disposition of River OakDecember 3, 2007
December 4, 2007
Contact: Mary S. Williams
734-769-8520 ext. 244
For Immediate Release
McKinley Announces Successful Disposition of
McKinley is pleased to announce the successful disposition on behalf of our valued client Capmark, Inc. of River Oak, a 268 unit residential apartment home community in Louisville, Kentucky.
McKinley was appointed Receiver by the Jefferson Circuit Court in the Commonwealth of Kentucky and began management of the community in August 2007 improving operations and cash flow. A successful disposition was achieved this month.
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 $1.8 billion in assets in 103 properties for its own account and for select clientele. This includes 17,248 apartments and 5.0 million square feet of commercial space located in 9 states. Headquartered in Ann Arbor, Michigan, Albert M. Berriz serves as Chief Executive Officer with 717 full-time employees nationwide.