October 3, 2012

ANN ARBOR, MIMcKinley is pleased to announce that it has been appointed receiver and managing agent by the Marion County Superior Court for Arbor Green, a 208 unit apartment community located in Indianapolis, IN. Arbor Green is a multi building apartment complex just minutes from shopping and dining and conveniently located near I-465 and I-69 and downtown Indianapolis. The community features natural settings including a sparkling lake and a wooded tree line.

We appreciate the opportunity to manage Arbor Green," said Alexandra Jackiw, managing director of McKinley's Residential Client Services. "McKinley has already started initiating a long term work out plan for the community including bringing on Jill Burke, regional director, property operations at McKinley to head up the management team. McKinley is committed to providing long term improvements to the community that will not only benefit our residents, but also enhance the value of this asset."

Albert M. Berriz, CEO of McKinley added, "This shows the significant leverage Alex Jackiw has added to our Midwest platform. Alex lives in Indianapolis and she is the absolute best management professional in the entire state. She and her team will create significant value for all of our stakeholders."

McKinley has been actively involved owning and operating multifamily and commercial real estate in Indianapolis since 1982. It currently owns a portfolio of assets in Carmel, Castleton and northwest Indianapolis, and also actively manages for institutional clients throughout the greater metropolitan Indianapolis market.