McKinley Institutional Residential Real Estate Announces New Assignment in California

January 8, 2014

Los Angeles, CA Mckinley\Avanath is pleased to share McKinley Institutional Residential Real Estate has assumed the role of Property Manager on Woodcreek Terrace, a recent Avanath Capital Management acquisition located in Roseville, California. The 104 unit community, which includes one and two bedroom apartment homes, located in Roseville, the largest city in Placer County in the metropolitan region of Sacramento, CA. Major employers include Kaiser Permanente, Hewlett Packard and the Sutter Roseville Medical Center.

McKinley is a nationally respected owner-operator of affordable housing with nineteen communities currently under management generating superior results for its own portfolio and for select institutional clients across its 34 state national platform. This growth trend is projected to continue at a steady pace in 2014 with another dozen affordable deals in the pipeline expected to be added in the coming months.

"We are excited to apply our extensive experience as we continue to expand our footprint into the western United States, including California, commented Kenneth P. Polsinelli, McKinleys Chief Real Estate Officer. We have a stellar team of experienced multi-family real estate executives positioned in California to take on our growth in the West and are extremely proud of our 45 year track record which is fueling our ever expanding platform, stated Polsinelli.