McKinleys Palma Ceia, Hyde Park Receives Associations Rehab of the Year Award

March 22, 2010

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

During the recent Bay Area Apartment Association Special Achievement Awards, McKinleys Palma Ceia in Hyde Park was awarded the Rehab of the Year Award. This boutique apartment home community includes 122 units and is located in the heart of historic Hyde Park surrounded by lush landscaping and specialty gone green studios. McKinley purchased the completely vacant condominium property in September 2008 completing extensive renovations and celebrating the grand reopening just two months later.

We are extremely proud of Palma Ceia in Tampas Hyde Park and feel fortunate to be honored with this significant award, states Kenneth P. Polsinelli, Shareholder and Managing Director, Real Estate. Both our construction and property management teams worked diligently to turn this project around in order to provide an excellent housing choice for those who choose to live in this vibrant and dynamic community.

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 29,117 apartments and over 7.0 million square feet of commercial space located in 19 states. Headquartered in Ann Arbor, Michigan, Albert M. Berriz serves as Chief Executive Officer with 1,250 full-time employees nationwide.

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