McKinley Expands Orlando Theme Park Market with Acquisition of The Wesley ApartmentsMay 17, 2023
Orlando, Florida - McKinley, the leading privately-held multifamily owner-operator in the metro Orlando area, is thrilled to announce its latest major acquisition in the Orlando Theme Park market. The company has successfully acquired The Wesley Apartments, formerly known as The Vinings at Westwood Apartments, adding a 400-unit community to its extensive portfolio. Located on Banner Lake Circle Road, The Wesley enhances McKinley's presence in southwest Orlando, known for its proximity to popular attractions such as Universal Studios, SeaWorld, and Disney.
"The Wesley is a wonderful addition to our Orlando portfolio," says Albert M. Berriz, CEO, Managing Member, and Co-Owner of the McKinley Companies. "In addition to providing 1 and 2 bedroom units, The Wesley also has 3 bedroom units, an offering we didn't have in that area. This expansion allows us to better cater to the diverse needs of our residents in the Orlando market"
The acquisition of The Wesley was made possible through the support of KeyBank, whose intimate understanding of McKinley's specific submarket focus allowed them to exceed the shortened closing timeframe requirements. The collaboration between McKinley and KeyBank highlights the importance of strong partnerships in achieving successful real estate transactions.
With the completion of this acquisition, McKinley now owns and operates 75 workforce housing communities in its core markets of Washtenaw County, Michigan, and the metro Orlando area. As the largest privately-held multifamily owner-operator in the region, McKinley's commitment to serving its customers and colleagues is unwavering. The company prides itself on its dedicated and diverse team, working tirelessly to provide extraordinary experiences for all stakeholders.
McKinley is a leading privately-held multifamily owner-operator, with a strong presence in the metro Orlando area. Founded in 1968, the company has been actively investing in, owning, and operating multifamily communities in the Orlando MSA since 1982. With a focus on workforce housing, McKinley is dedicated to creating exceptional living environments and fostering positive communities.