MCKINLEY APPOINTED RECEIVER FOR 4,958 UNIT FX4 PORTFOLIOJanuary 23, 2013
ANN ARBOR, MI - McKinley has been appointed Receiver for the FX4 Babcock and Brown Portfolio consisting of 4,958 units in 20 properties located in Texas, Georgia and South Carolina. McKinley has a long and successful track record of resolving large complex portfolios similar to FX4.
"We are looking forward to serving the various constituencies in this most important transaction. We are uniquely qualified given our exceptional track record for resolving complex and large portfolios like FX4," said Albert M. Berriz, McKinley's CEO. "Given our recent experience with the 3,709 unit FX3 portfolio, we are confident we can make an immediate and significant impact," added Berriz.
The Receivership effort will be lead by Kenneth Polsinelli, Chief Real Estate Officer, and Royal Caswell, Chief Operating Officer. McKinley has extensive experience resolving assets in all of the FX4 markets, and has significant capacity to carry out the needed Receivership duties in this most complex transaction.