McKinley Appointed Property Manager of Waterford at Mandarin

July 22, 2009

July 23, 2009

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinley, Inc. has been appointed as property manager for a 432 unit apartment building located at 11247 San Jose Boulevard in Jacksonville, Florida. This asset represents McKinleys third residential workout in Jacksonville, Florida totaling 1,663 units.

We are pleased that we have been selected to assist with this community. states Garrett Hain, Vice President, Residential Client Services. I am confident that by applying our teams passion and expertise, we will be able to enrich the quality of life for the residents and create value for the stakeholders.

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 28,358 apartments and over 6.2 million square feet of commercial space located in 15 states. Headquartered in Ann Arbor Michigan, Albert M. Berriz serves as Chief Executive Officer with 1,050 full-time employees nationwide.