McKinley Appointed Receiver of Largest Multiple Property Client Takeover -- Bethany Portfolio

April 10, 2009

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

On March 13, 2009, McKinley, Inc. was appointed Receiver for the largest multiple property client takeover in our history. We were asked by one of our clients to manage an eleven property portfolio located in Atlanta, Virginia and North Carolina totaling 2,904 apartments.

The local government authorities are also grateful that McKinley has stepped in to improve these very difficult communities. We have received wonderful press coverage praising McKinley for the immediate positive impact we have already provided states Keith Hayward, Chief Operating Officer and Managing Director for Residential Client Services.

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.

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