McKinley Announces the Promotion of Len Cercone

October 28, 2008

November, 2008

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

Len joined McKinley in April 2007 and has a 20 year proven track record in the commercial real estate industry. Len will continue to report to Trey Caswell, Executive Vice President and Managing Director, Commercial Real Estate. The McKinley Commercial portfolio has grown in recent years to six million square feet, four million owned and two million managed for our institutional clients.

Len began his career managing enclosed shopping centers in Ohio, Virginia, and Iowa. He later managed and leased grocery-anchored and power centers in the Chicago for third party clients. While in Chicago, Len was responsible for the management oversight and growth of an asset management department and was named a partner in the firm. Len is a graduate of Youngstown State University, where he received a Bachelor of Science Degree in Business Administration.

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.