McKinley Announces the Promotion of Cheryl Rabbitt

October 28, 2008

November, 2008

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

Cheryl has been with McKinley for over six years heading up the Tax and Entity Management Departments and is a formidable tax, deal structuring and finance talent. Cheryl is a Certified Public Accountant and has a Masters Degree in Tax from Walsh College, and a BBA in Accounting from Eastern Michigan University. Cheryl has worked side by side with Albert M. Berriz, CEO, structuring and designing the tax and deal strategies that have allowed for the repositioning of the portfolio while in the process maximizing the tax advantages.

Prior to joining McKinley, Cheryl was a Senior Tax Manager with Deloitte, and prior to that she was Director of Tax for Tecumseh Products.

We welcome the addition of Cheryls strong background and years of experience as well as her long tenure with McKinley as she begins this new role. Cheryl will continue to report to the CEO. She has also been elected to our Executive Committee.

McKinley, founded in 1968, is a well respected national real estate investment firm that owns and operates $2.2 billion in assets in 117 properties for its own account and for select clientele. This includes 20,622 apartments and over 6 million square feet of commercial space located in 10 states. Headquartered in Ann Arbor Michigan, Albert M. Berriz serves as Chief Executive Officer with 902 full-time employees nationwide.