McKinley Announces Successful Management Assignment

February 15, 2012

MIAMI, FLORIDA McKinley is pleased to announce the successful resolution of Rio Apartments in Miami, FL. Rio is a 294 unit apartment community located in the Fontainebleau neighborhood of Miami. McKinley was hired by the court appointed Receiver to stabilize the community, cure deferred maintenance and to address numerous resident concerns. In only 25 days, the community was repositioned resulting in a 100% recovery of the outstanding debt.

We appreciated the opportunity to be involved in the repositioning of this asset on behalf of our valued stakeholders, states Albert M. Berriz, Chief Executive Officer of McKinley.