News


June 7, 2012

JACKSONVILLE, FLORIDA McKinley is pleased to announce the successful disposition of Heritage on the River in Jacksonville, FL. McKinley began managing this 301 unit apartment complex in October, 2009. Under McKinleys management occupancy increased from 70% to over 96%, well above the markets occupancy average.

McKinleys Residential Client Services team worked diligently to stabilize the community by utilizing best practices including our Zero Tolerance Policy, curing significant deferred maintenance and resolving many long-standing problems for the residents of this waterfront community. Over the last 30 months, net operating income was increased significantly resulting in a large recovery for our client.

We appreciated the opportunity to be involved in the repositioning of this asset on behalf of our valued stakeholders, states Albert M. Berriz, Chief Executive Officer of McKinley.

Read More


June 4, 2012

AKRON, OHIOMcKinley is pleased to announce the successful disposition of the Fairway Retail Center in Akron, Ohio. McKinley was appointed Manager of this 11,277 square foot property in 2005. During McKinleys six and a half years of management, they were able to renew all of the tenants multiple times.


This well located retail center comprised approximately 14% of a larger commercial assembly. McKinleys Commercial Client Services team created tremendous value by resolving complicated legal issues, bifurcating the collateral, increasing income and monetizing one component of the real estate to maximize the recovery for our client.


We appreciated the opportunity to be involved in the repositioning of this asset on behalf of our valued stakeholders, states Albert M. Berriz, Chief Executive Officer of McKinley.

Read More


May 30, 2012

ANN ARBOR, MICHIGAN- After signing a lease in July, 2011 and moving into the McKinley Northeast Corporate Office Center, Cole Taylor Mortgage has experienced great success and growth. Their total staff has grown to more than 275 employees. Cole Taylor Mortgage now has 200 staff in Ann Arbor, including nearly 100 added since the move to Ann Arbor. As part of this growth, Cole Taylor Mortgage is in the process of doubling their current office space in Ann Arbor.


"We are thrilled with the success of our move to Ann Arbor and the jobs we are creating locally," said Willie Newman, President of Cole Taylor Mortgage. The primary driver in our expansion of staff has been our ability to grow our mortgage market share and the resultant growth in earnings contribution to Cole Taylor Bank. This has increased substantially during 2012. As part of our efforts to find progressive ways to add staff through leveraging all that the Ann Arbor area has to offer, we recently started an innovative evening shift program. This program primarily targets college students and recent graduates. This program also provides a potential entry into the mortgage banking industry, as well help college students and graduates ease the challenges they face in entering the job market in this economy. Much of the inspiration for the design of this program came from being so close to several great universities in other words, being located in Ann Arbor."


Albert M. Berriz, CEO of McKinley, commented, "We are thrilled with the growth of Cole Taylor Mortgage. Willie Newman is a proven and experienced entrepreneur in the mortgage banking space, and I would expect nothing less from him and his company. Best of all the success of his company also helps the vibrant economy of Ann Arbor.

Read More


May 13, 2012

Ann Arbor, MI McKinley is pleased to announce that Alexandra Jackiw has accepted the position of Managing Director - Residential Client Services effective May 29, 2012. Jackiw is a seasoned multifamily professional and within the past 10 years has built a long term management portfolio of more than 12,000 units with clients including blue chip institutional firms as well as an impressive list of private investors. Jackiw is also the Chair-Elect of the National Apartment Association (NAA), a past president of the NAA Education Institute and a frequent speaker at national conferences. Jackiw will partner with Ken Polsinelli, Director of Real Estate at McKinley to expand the McKinley's long term management and client services portfolio while also assuming responsibility for Midwest Client Services, Southeast Client Services and The Villages of Taylor.

"We are excited to have Alexandra (Alex) join McKinley. Her passion for customer service and the education and development of team members makes her a perfect fit at McKinley," said Ken Polsinelli, Director of Real Estate at McKinley. "Alex shares McKinley's focus on execution and operational excellence and will be a great asset as we expand our platform to continue to meet the needs of our clients and customers."

"I am absolutely thrilled that Alex has joined the McKinley Team, " commented Albert M. Berriz, CEO of McKinley. "Alex is a highly respected and experienced real estate operator and her addition to our team, along with Kristin Berg, who recently joined us after being with Freddie Mac for over 20 years, will allow McKinley to better serve our clients, as well as take our client service platform to a new level of excellence."

Read More


May 8, 2012

Watch this great interview with McKinley CEO Albert M. Berriz as he presents his 2012 market forecast and shares McKinley's strategy for buying distressed assets in tertiary markets. McKinley repositioned Waldengreen Condos in Orlando as Riva Apartments.

Check it out!

http://www.youtube.com/watch?feature=player_embedded&v=6kxGKvrhVb8

Read More


April 29, 2012

Check out this great article about McKinley shaking things up at Baldwin Park Village.


Read More


April 23, 2012

ANN ARBOR, MI -- McKinley is extremely pleased to announce that Albert M. Berriz, CEO of McKinley and the company are featured as the cover story for the April 2012 issue of Multifamily Executive magazine. The 5 page feature article "Hold School" focuses on McKinley's core competencies including its current multifamily real estate platform, marketplaces, operating philosophy and growth strategies for the future.

"As an apartment owner and manager, being featured on cover by Multifamily Executive magazine is definitely one of the highlights in my career," said a beaming Albert M. Berriz, CEO of McKinley. "We would like to thank Les Shaver and the entire team at Multifamily Executive for providing up the opportunity to showcase the McKinley success story to the multifamily industry. This is a huge honor and we are extremely excited to be a part of the magazine."

Check out the great article!

http://multifamilyexecutive.com/apartment-renovation/hold-school.aspx

Read More


April 22, 2012

Ann Arbor, MI McKinley is pleased to announce that it has acquired the 248 unit Geneva Park Apartments in Cary, NC on behalf of one of its institutional clients. McKinley will immediately begin management of the community and is planning overall strategic upgrades to the community including the sales office, BBQ area, landscaping, lighting and signage, while also initiating roofing, siding and hallway repairs.

"Geneva Park Apartments and their residents will be extremely well served by a huge new infusion of service and professionalism to their community", remarked Albert Berriz, CEO of McKinley. "This community was previously under severe duress as well as under managed. With McKinley's energy, service and professionalism, we plan on making immediate and material change to the community that will benefits our residents, as well as our client. McKinley is committed to the Research Triangle Park Region and this is another very important component in our expansion in the I-85 corridor."

Read More


April 9, 2012

Ann Arbor, MI Albert M. Berriz, CEO of McKinley, will be participating as a speaker at the upcoming CBRE Multi-Housing Conference to be held May 1-2 at the JW Marriott in Chicago. Mr. Berriz will be speaking Tuesday, May 1, at 3:00 pm on the panel "Broadening Investment Horizons: Secondary and Tertiary Markets along with other multifamily executives including Gleb Nechayev, Senior Managing Economist for CBRE Econometric Advisors and Bob White, Founder & President of Real Capital Analytics.

"I am honored that the CBRE team has invited me to participate as a speaker at their annual multi-housing conference," remarked Berriz. "CBRE does a fantastic job of bringing leading apartment executives to this conference and I look forward to interacting and networking with the CBRE team as well as the other participants.

Albert M. Berriz is Chief Executive Officer, board member and shareholder of McKinley. Mr. Berriz has extensive experience in the acquisition, financing, management and redevelopment of real estate assets. He is responsible for acquiring and managing assets in excess of $7.0 billion during his career.

Read More


April 9, 2012

Ann Arbor, MI McKinley is pleased to announce that Albert M. Berriz, CEO of McKinley, has been invited to be the keynote speaker at the upcoming Energy Conference and Exhibition, May 2 at Suburban Collection Showplace in Novi, MI.


Mr. Berriz will speak on the topic "Energy Efficiency, An Economic Tool for Businesses" and provide attendees an overview of how energy efficiency and green sustainability efforts have impacted his real estate business at McKinley, as well as ways in which energy efficiency will continue to impact businesses locally and regionally. In addition, Mr. Berriz will outline energy efficiency opportunities that exist for businesses through utility energy efficiency programs and how business leaders that value energy efficiency will improve their efforts to compete in the global marketplace.

"This is a fabulous conference and I am honored that the DTE and The Engineering Society of Detroit have asked me to present the keynote speech this year," remarked Berriz. "Energy consumption and conservation is a huge issue to the entire team at McKinley given the fact we own and manage more than 33,000 apartment units and more than 8 million sq. ft. of retail, office and industrial space. At McKinley we are constantly looking for ways to reduce energy consumption and waste at all our communities and commercial properties and I hope to be able to pass along some these best practices to conference participants."

Read More


Tagged

Archives