News


March 29, 2018

ORLANDO, FLORIDA - The McKinley Companies announced today the closing of $5,838,000 in long-term financings with KeyBank and Fannie Mae for Iris Flats located in Orlando Florida. The 15-year financings were originated by KeyBank, and they represent the next part of an approximately $200 million pipeline in similar financings that McKinley began with KeyBank and Fannie Mae over the past six months.  

 

Iris Flats offers restored industrial style apartment homes with exposed concrete vaulted ceiling and steel wood barn doors in a community with urban charm decorated in iron accents and serenaded in a pop of rich colors.  Iris Flats residents enjoy a new fitness center, dog park, and private al fresco dining space in a manicured garden terrace.  Iris Flats is located in Englewood Park within walking distance to local parks and lakes, nearby Florida Hospital East Orlando, and a convenient expressway hop to Downtown Orlando. 

 

“The financing of Iris Flats is part of our long-term plan for our generational assets,” offered Jim Willett, Senior Vice President & Managing Director – Finance. “We are setting sail for a long horizon to ensure our owned assets are locked in with great financing in a market with rising interest rates.” further added Willett.

 

McKinley has owned and operated multifamily apartment communities in Central Florida since 1982, and today is largest Multifamily owner-operator along the highly populated Interstate-4 Corridor between Orlando and Tampa.  McKinley currently owns apartment communities in Orlando, Winter Park, Daytona Beach, Gainesville, North Redington Beach, South Pasadena, Clearwater, Gulfport, Hyde Park, South Tampa and Tampa.

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Tags:   Hyde Park

March 29, 2018

HYDE PARK, FLORIDA - The McKinley Companies announced today the closing of $6,404,000 in long-term financings with KeyBank and Fannie Mae for Soho Flats located in Hyde Park, Tampa, Florida. The 15-year financings were originated by KeyBank, and they represent the next part of an approximately $200 million pipeline in similar financings that McKinley began with KeyBank and Fannie Mae over the past six months. 

 

Soho Flats is part of the McKinley Hyde Park boutique collection of unique and historic apartment communities located in Hyde Park, Tampa, Florida.  Soho Flats is a classic south beach style art deco concrete building shining with chic colors and style.  In the center courtyard residents enjoy poolside living alongside an entertainment space with a wine bar, grill and fire pit lounge under historic Tampa oak trees.  Soho Flats is tucked away in the walkable residential neighborhood of Bayshore Gardens within a few blocks of Bayshore Blvd and culinary curators such as the prestigious Bern’s Steakhouse.  

 

“We have worked diligently to lock up all of our Multifamily debt going into this rising rate market,” offered Jim Willett, Senior Vice President & Managing Director – Finance. “We have only a few financings remaining to complete and then we will have all of our Multifamily debt fixed with either 15 or 35-year terms,” further added Willett.

 

McKinley today is the largest owner-operator of multifamily apartments in the Hyde Park market, spanning a total of 26 communities located throughout Hyde Park, South Tampa and the Westshore Marina District.  McKinley has owned and operated multifamily apartment communities in Central Florida since 1982, and today is largest Multifamily owner-operator along the highly populated Interstate-4 Corridor between Orlando and Tampa.  McKinley currently owns apartment communities in Orlando, Winter Park, Daytona Beach, Gainesville, North Redington Beach, South Pasadena, Clearwater, Gulfport, Hyde Park, South Tampa and Tampa.

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Tags:   Hyde Park

March 2, 2018

Hyde Park, Florida - The McKinley Companies announced today the closing of $18,900,000 in long-term financings with KeyBank and Fannie Mae for the last of its Hyde Park Boutique Multifamily holdings located in Hyde Park, Downtown Tampa, Florida. The 15 year financings were originated by KeyBank, and they represent the next part of an approximately $200 million pipeline in similar financings that McKinley began with KeyBank and Fannie Mae over the past six months.

 

“We have worked diligently to lock up all of our Multifamily debt going into this rising rate market,” offered Jim Willett, Senior Vice President & Managing Director – Finance. “We have only a few financings remaining to complete and then we will have all of our Multifamily debt fixed with either 15 or 35 year terms,” further added Willett.

 

Beach Flats - A collection of historic homes in exuberant hues of heritage colors reminiscent of Charleston’s rainbow row, Beach Flats offers residents the authentic beauty of preserved colonial architecture with grand staircases, ornate fire places and original hardwood floors with newly upgraded kitchens and bathrooms.  Residents can relax in rocking chairs on the wraparound porches or enjoy company at the center gathering area lounge, fire pit and grill space.  Beach Flats is centrally located between Historic Hyde Park and Downtown Tampa, a block from Bayshore Blvd and direct access to Tampa General Hospital.

Carlyle Flats – The newly renovated Carlyle Flats classic block building designed in stylish muted colors, pays tribute to the Miami Art Deco scene.  Residents enjoy newly upgraded apartment interiors with a gated community, poolside wine bar and outdoor entertainment space, fire pit lounge, ample bike storage, and a fully equipped dog wash station.  Carlyle Flats is conveniently located across from Publix Greenwise in the heart of Hyde Park with easy access to Kennedy Blvd.

 

Ivy Flats – Ivy Flats offers a sophisticated, distinctive character on the elegant cobblestoned street of W Estrella across from the Palma Ceia Golf & Country Club.  Ivy Flats offers residents luxurious newly remodeled apartments with spacious open concept kitchens and hand-selected finishes.  Located in the Palma Ceia neighborhood and within walking distance to foodie favorites such as Cru Cellars, Datz and Ciccio’s, Ivy Flats offers quintessential boutique living at its finest.

Willow Flats – Willow Flats offers a rustic refined farmhouse community with all the comforts of boutique living.  Residents will feel at ease alongside the manicured grass landscaping, DIY community garden, secluded bamboo fire pit space, bocce ball court under Italian lights, and custom grill & picnic wine bar.  Residents enjoy a gated community with an extra-large enclosed dog park and enclosed bike parking.  Willow Flats is located in the highly sought after residential neighborhood of Hyde Park, adjacent to Mitchell Elementary School, nearby 5-star dining options such as 4 Rivers Smokehouse and Daily Eats, with convenient access to Kennedy Blvd.

 

Schoolhouse Flats – The quiet and established residential neighborhood is a welcome background to the stunning and elegant, newly remodeled 1924 building built with the quaint charm and character of an old schoolhouse building accented with terra cotta.  With ample parking and an unbeatable location next to the high-end shopping at Hyde Park Village, sophisticated gathering place at the Oxford Exchange, and James Beard creative eateries such as Edison Lab, Schoolhouse Flats is a rare gem cozily nestled in the Hyde Park boutique lifestyle.

 

McKinley’s Hyde Park Boutique portfolio is part of its larger Central Florida Multifamily portfolio which extends along the entire Interstate 4 Corridor and includes Daytona Beach, Winter Park, Orlando, Gainesville, Hyde Park, South Tampa, Tampa, Clearwater, North Redington Beach, South Pasadena and Gulfport, Florida. McKinley today is the largest Multifamily owner operator in the region having been in Central Florida actively since 1982.

 

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Tags:   Hyde Park

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