March 15, 2021
ORLANDO, FLORIDA - The McKinley Companies announced today its most recent acquisition of Positano, a 304-unit apartment community located in the Universal Orlando submarket of Orlando, Florida. Positano joins McKinley as its 11th apartment community based in the Universal Orlando sub-market and 47th apartment community that is owned and operated along the state's fastest growing region of Central Florida, the I-4 Corridor of Orlando and Tampa. Extensive renovations are planned for this very well located apartment community which are expected to start immediately. McKinley plans to undertake interior and exterior capital improvements to the community consistent with strategies successfully deployed at recently completed McKinley renovations in Orlando.
"We secured bank financing in record time from Dave Baker and our friends at KeyBank allowing us to move quickly to closing on the acquisition of Positano. It was a seamless process with the seller too," shared Jim Willett, Senior Vice President & Managing Director, Finance & Treasury.
"I am very excited to be a part of McKinley’s continued growth in the Universal Market. Our current leadership and level of experienced team members in the area has never been stronger," stated Erin Foley, Vice President, Director of Residential Operations - Florida.
"Positano's proximity to our stable assets, its beautiful amenities, and the spacious floorplans ensure it will be a welcomed addition to the portfolio. I am confident in a smooth transition and successful acquisition that will strengthen our overall footprint in this market," added Foley.
McKinley is proud to be a major employer and owner of multi-family real estate throughout Central Florida, having actively invested in the region since 1982. As one of the largest owners, McKinley is committed to the future and well-being of the region, the customers that provide us the opportunity to serve their housing needs, and the over 500 amazing Central Florida-based team members who provide exceptional customer service to its residents.
March 1, 2021
September 10, 2020
McKinley and Cleary University continue to be proud partners in offering McKinley team members and residents a 50% tuition discount at Cleary through the Company Education Opportunity (CEO) grant! All McKinley families and any residents and their dependents living at a McKinley property in Florida or Michigan are eligible to apply for this CEO grant.
Cleary University is a specialized business university, providing practical, project-based education. The main campus is based in Howell, MI. The University has recently implemented several new program offerings, as well as a new multi-format approach to education. This multi-format approach offers students the opportunity to attend classes both on campus and online.
How to qualify for the grant
Eligible applicants must apply and be granted admission to Cleary University for an upcoming semester. All standard university admission requirements will apply. Applicants will need to complete the Free Application for Federal Student Aid (“FAFSA”) and designate Cleary University as their school of choice (CODE: 002246).
Grant application deadline
Students should apply for the McKinley CEO grant as soon as possible. The next semester (Winter 1) begins on October 19, 2020, and the Winter 2 semester begins January 4, 2021. Classes can be completely 100% online!
The grant will cover 50% of tuition costs for any newly enrolled Cleary University student working towards an undergraduate or graduate degree and certificates. The McKinley CEO grant will be applied after all federal, state and external grants have been applied.
Cleary University offers the following Degree Programs:
- Associate in Business Administration (ABA)
- Associate in Applied Science (AAS)
- Bachelor of Business Administration (BBA)
- Bachelor of Science (BS)
- Master of Business Administration (MBA)
- Master of Science (MS)
- Degree Completion Programs
- Graduate Certificates
- and more!
Fill out this form to receive more information on the McKinley CEO grant and Cleary University programs.
August 27, 2020
Coffee Break with Collin Chlebak features McKinley's own Albert M. Berriz, CEO, Managing Member, and Co-Owner.
Collin and Albert discuss short term challenges in WorkForce Housing and the quick evolution of their virtual capacity. Albert also talks about opportunity post COVID and how operational excellence and a strong working community are the keys to long term generational wealth.
March 11, 2020
ANN ARBOR, MI. - McKinley Companies, one of the nation’s largest residential real estate development companies, is launching its third annual Maintenance Apprentice Program. This apprenticeship hires and trains building maintenance professionals for full-time employment at the apartment communities throughout Ann Arbor and Ypsilanti.
Applicants are currently being interviewed to fill the openings in this paid Maintenance Apprenticeship Program that begins on Monday, April 20, 2020. This year’s specialized training program was designed in-house by one of McKinley’s facility directors and will be instructed by our experienced Maintenance Supervisors on-site at one of McKinley’s communities.
Those selected to join the program will transition into a full-time maintenance tech role with McKinley upon successful completion of their training. The starting wage for the positions is $13.50 per hour, plus a generous benefits package including medical, dental, vision insurance, paid time-off and paid holidays.
“I am excited to continue our maintenance apprenticeship program, this year adding even more hands-on training from our infield experts that will help ensure success in our newly hired maintenance technicians.” said Will Epps, Vice President of Operations at McKinley. “This program continues to allow us to give back and be involved in our local community by providing education and a career path in a fun and challenging work environment.”
Anyone who is interested in joining the program should attend one of two informational sessions at the Glencoe Hills Apartments clubhouse, located at 2201 Glencoe Hills Drive in Ann Arbor. These information sessions will be held on March 24th at 10 am and March 26th at 3 pm.
Each session will cover “A Day in the Life of a Building Maintenance Professional,” including a video presentation, open dialogue with industry experts, previous maintenance apprentices and details on compensation and benefits.
The program includes 80 hours of instructor-led and hands on training that will focus on appliance repair, drywall installation and patching, basic plumbing and electrical repair, pool maintenance and painting.
Any interested candidate:
- Must be 18 years old or able to obtain a work permit.
- Must have access to a vehicle and hold a valid driver’s license.
- Does not use drugs and must pass a drug screen and background check.
- Must have good fine motor skills, like using hand/power tools and have the willingness to learn on the job.
- Must enjoy providing excellent customer service for community members.
For more information or to ask questions about the Maintenance Apprenticeship Program please call 734-274-6326 or drop in one of the information sessions at Glencoe Hills on March 24th at 10 am or March 26th at 3 pm.
March 9, 2020
McKinley's Albert Berriz talks workforce housing, Ann Arbor and Cuba on Crain's Detroit Business.
October 30, 2019
FLORIDA - The McKinley Companies announced today the promotion of Erin Foley to Vice President, Director of Residential Operations, Co-Leader Florida. In her new role, she will lead all of McKinley’s Owned Residential Real Estate in Florida alongside her equal counterpart, Brent Boyette, Vice President, Director of Residential Operations, Co-Leader Florida.
Erin has been with the McKinley Family since 2010. She is an alumnus of University of Central Florida where she received a bachelor’s degree in political science. In classic McKinley style, she worked her way up the ranks from Senior Sales Associate and had the opportunity to learn and grow through several roles; Corporate Suites Specialist, Community Manager, Associate Director, and most recently AVP Regional Director.
“This is an important acknowledgment of a very successful leader and Multifamily professional who is making a huge difference. This is a significant milestone in her career with McKinley which now spans almost a decade with operational excellence in the field, and she is someone I respect enormously,” offered Albert M. Berriz, Managing Member, Chief Executive Officer, Board Member and Co-Owner of McKinley. “Given the size, scale and geographic dispersion of our Florida business, their Co-Leadership model builds a very strong presence, but equally important, along with our Area Managers, it’s our solid foundation for our leadership future. I have entrusted them with the two most important things which are our culture and our people, those are the single most valuable components of our business and who we are,” further added Berriz.
“I’m excited and grateful for the opportunity to continue to help advance McKinley’s mission and core values. In a culture that supports positivity and growth, I’ve been empowered to develop both personally and professionally, and have had the pleasure of learning from and working alongside exceptional people daily,” stated Foley.
June 26, 2019
FLORIDA & MICHIGAN - McKinley announced today that it has closed on $109,000,000 of long-term Fixed Rate Financing for Bella Casa and Coconut Palms Apartments located in Florida and Manchester West, The Villas, and Traver Crossing apartments located in Michigan. All five of these apartment communities are generational investments in McKinley’s core markets of Orlando, FL and Ann Arbor/Washtenaw County, MI.
McKinley has actively owned and operated Multifamily communities in Ann Arbor/Washtenaw County since 1968 and Central Florida since 1982. Today they are the largest Multifamily Owner-Operator in Ann Arbor/Washtenaw County as well as along the Interstate-4 Corridor between Orlando and Tampa.
“We are thrilled to continue our focus of locking up long-term fixed rate debt on all of our generational real estate holdings and we are very pleased with the outcome,” offered Jim Willett, Senior Vice President & Managing Director – Finance. KeyBank Real Estate Capital and Fannie Mae partnered to deliver the financings for these five properties, as they have on many similar transactions for McKinley. “We have closed over $175 million over the past six months with KeyBank and Fannie Mae, and they have been exceptional in every single way. They are a core part of our McKinley family, and we cherish our relationship with them,” further offered Willett.
“The financing of these properties is part of our long-term plan for our generational assets,” offered Albert M. Berriz, CEO, Managing Member and Co-Owner of McKinley. “We are setting sail for a long horizon to ensure our owned assets are locked in with great financing in a market with fluctuating interest rates.”
March 29, 2019
ORLANDO, FL.- The McKinley Companies announced today the acquisition of Aria Beach Apartments, a stunning lakeside apartment community located in Orlando, Florida. This 360-unit apartment community boasts spacious floor plans, updated amenities, and beautifully upgraded interiors - including renovated kitchens, new wood vinyl floors, large patios, and washer/dryers in most homes. This community strategically sits on the beautiful Lake Fredrica, sharing the lake with its sister community Harbor Beach Apartments, and is conveniently located only 15 minutes from Downtown Orlando and the Orlando International Airport.
“The acquisition was part of a complex 1031 exchange transaction,” offered Harry Collison, Senior Vice President and Managing Director – Acquisitions and Dispositions. “In classic McKinley style and effectiveness, we were able to close on the acquisition of Aria Beach in just 30 days from contract execution,” further offered Collison.
“Our team has lots of confidence in the Airport/Downtown Orlando area and we look forward to bringing Aria Beach into our McKinley family,” offered Albert M. Berriz, Managing Member, Chief Executive Officer, Board Member and Co-Owner of McKinley. “With its many amenities and beautifully spacious floorplans it is the perfect complement to our other seven communities in this submarket,” further offered Berriz. Our Owned Multifamily Team, led by Albert L. Berriz, Executive Vice President & Managing Director - Owned Residential Real Estate & McKinley Companies, has done a superb job of creating exceptional customer experiences in our various communities in this submarket, and we are excited about the many changes that will be soon be underway at Aria Beach.
McKinley secured long term fixed rate financing for the acquisition and redevelopment of Aria Beach from Canadian Imperial Bank of Commerce (CIBC). “We have had a very close relationship with the leadership team at CIBC for over three decades,” offered Berriz. “We cherish our relationship with them, they are always there for us, and they are a critical part of our McKinley family,” further offered Berriz.