News
August 17, 2011
Ann Arbor, MI McKinleys Residential Client Services team is pleased to announce that it has been appointed Receiver for a 14 asset multifamily portfolio spanning over 6 states. This 3,709 unit portfolio includes 7 assets in Texas which marks McKinleys first expansion into the Texas market. This appointment is also is one of the five largest multifamily assignments in the CMBS market in 2011.
This receivership appointment is a testimony to the expertise and value creation that McKinley offers, said Albert M. Berriz, Chief Executive Officer of McKinley. We have become the go-to company for distressed assets based not only our great track record of repositioning distressed assets, but our ability to revitalize apartment communities in an extremely timely manner. We are gratified by the confidence of the Court and the market in our abilities, and for the opportunity that this transaction provides for our team. The complexities inherent in this assignment create many challenges but also provide the most potential for improvement. We are excited about enriching the quality of life in these communities and we expect a successful outcome for all of the stakeholders in this deal."
This appointment represents the 107th court appointment of McKinley to workout distressed real estate since the beginning of the financial crisis.
About McKinley
Founded in 1968 and headquartered in Ann Arbor, McKinley is a leading owner and manager of multifamily real estate. Currently ranked #38 in the NMHC Top 50 list of national apartment management companies, McKinley owns and manages more than 33,000 units throughout 20 states. McKinley specializes in solving complex real estate problems for its own portfolio, as well as a select clientele of institutional investors, private equity clients and special servicers. McKinley is a member of the National Housing Council (NMHC) and is recognized by the Institute of Real Estate Management (IREM) as an Accredited Management Organization (AMO).
For more information on McKinley's Residential Client Services, please contact Kenneth P. Polsinelli, Chief Real Estate Officer at 734-769-8520 x230.
August 5, 2011
ANN ARBOR, MI McKinley is pleased to announce that The Onion has signed a lease to occupy space at the offices in Liberty Square at the McKinley Towne Centre. The Onion, Americas Finest News Source is a weekly publication that is published on Thursdays. The Onion features satirical articles about international, national and local news. The Onions print edition is currently distributed in 11 cities. The company franchises, and Bobby Mitchell thought there was a need for Ann Arbor, and he leased up the office so his writer could have a great downtown location.
Were delighted that The Onion has chosen to locate their Ann Arbor office at the Offices at Liberty Square. The Onion is an innovative and entrepreneurial company and recognized that Liberty Square is a hub for entrepreneurial organizations within Ann Arbor. States Thomas Gritter, Vice President & Managing Director, Commercial Real Estate.
For more information on the offices at Liberty Square at the McKinley Towne Centre, please contact Thomas Gritter at 734-769-8520 x 289
August 3, 2011
ANN ARBOR, MICHIGAN McKinleys Commercial Client Services group has completed another successful workout. The property is a 40,000 square foot office and industrial building in the Avis Farms office park in Ann Arbor, Michigan. McKinley assumed management of the asset in August, 2010 and immediately began positioning the building for sale
August 2, 2011
ANN ARBOR, MI Albert L. Berriz and Albert M. Berriz are pleased to announce that David Hyde and Hugh Osborne have joined McKinley as Regional Directors for our Owned Residential Portfolio.
David has over 20 years in multi-unit management. For the past 6 years he has been with Accor North America where his arearanked 2nd out of 42 areas in the country. Previous to Accor David worked for MOA Hospitality for 15 years. There he started as aGeneral Manager progressing to Regional Vice President managing various areas of the country. David believes in maintaining a strong team andworking with them providing them wi th the tools to succeed is a constant focus. He always tells his team that Our service has to come first.
Hugh Osborne has a diverse management background with 14 years of multi-unit experience. After earning a BA in History and a Certificate in Education, Hugh began a 22-year career with brands such as Marriott, LaQuinta, Choice, and independent hotels operating on both traditional and extended stay models. During his most recent Regional Director role with Royco Hotels, his properties led the company in in revenue growth and customer service scores. Hugh has a flexible leadership style where fun, strong relationships, attention to excellence leads to impressive results.
What we're looking for at McKinley is leaders who are honest, transparent, and willing to make tough decisions. Hugh Osborne & David Hyde embody these traits and more. Adding them to our leadership team is another step toward "WOW!" customer service at every interaction states Albert L. Berriz, Managing Director Owned Residential Real Estate.
July 10, 2011
OTSEGO, MINNESOTA McKinleys Commercial Client Services is pleased to announce it has been appointed receiver for Marketplace West, a 31,500 square foot retail center in Otsego, Minnesota. Marketplace West represents the sixth commercial work out assignment within the state of Minnesota in 2011.
We appreciated the opportunity to be involved in the repositioning of this asset on behalf of all of the stakeholders, states Albert M. Berriz, Chief Executive Officer of McKinley.
For more information on McKinleys Commercial Client Services and Property Management, please contact Matthew D. Mason at 734-769-8520 x267.
July 5, 2011
My congratulations to the team at The Ponds for the great job on the Green Retrofit Project. We had another very successful inspection by the independent engineer for HUD today. As you know, he always tells us that The Ponds is the most organized and well run construction project he inspects under this program. You guys have done an incredible job, and it is my great pleasure to work with you on this very important project. Thank you for making this so easy and for doing such a wonderful job of improving The Ponds. I know the City of Taylor is grateful for your efforts and our residents are ecstatic to have a completely renovated property to live in. Thanks for all you do!
D. Keith Hayward, Managing Director
July 4, 2011
GAINESVILLE, FLORIDA McKinleys Commercial Client Services is pleased to announce it has been appointed receiver for a 13,375 square foot office building in Gainesville, Florida. The building is 100% leased and occupied by the United States Social Security Administration. The latest receivership appointment represents McKinleys seventeenth receivership appointment in the state of Florida.
We appreciate the opportunity to be involved in the repositioning of this asset on behalf of all of the stakeholders, states Albert M. Berriz, Chief Executive Officer of McKinley.
For more information on McKinleys Commercial Client Services and Property Management, please contact Matthew D. Mason at 734-769-8520 x267.
June 29, 2011
Dear Team RCS,
I had the privilege of visiting with Deena Hoxsey and Clint Hall yesterday at their gorgeous property in Taylor, Michigan, The Parks. Quite simply, it was the best presentation I have ever seen at The Parks. It was spectacular! Never better!
Clint and Deena launched a Property Beautification Project this Spring where they purchased pallets of mulch and grass seed and invited residents to come help themselves to beautify the landscaping outside their doors. The result was magnificent! The grass was green and filled in, and there were flowers and fresh mulch everywhere! I was totally wowed! Clint and his team did the market window, which was breathtaking!
In addition, Clints maintenance shop was the most organized, clean and well functioning I have ever seen at The Parks. He has completely turned it around and the pride on his face told the whole story.
Not surprisingly, Deenas all star sales team had very little to sell, and theyre closing out the last few. J
Thank you, Deena and Clint!! WOW!!!
Karen Andrews, SPHR
Chief Development Officer
McKinley, Inc.
(734) 769-8520 ext. 294
June 23, 2011
BATTLE CREEK, MI McKinleys Residential Client Service Team is proud to announce the successful dispositionand asset resolution of Riverview Pointe. McKinley began managing this 100 unit multi-family community in Battle Creek, MI on January 3rd, 2011.
"I am thrilled that our multi-disciplinary team approach to solving complex real estate problems across our 20 state platform has once again generated a platinum outcome for our stakeholders." states Albert M. Berriz, Chief Executive Officer of McKinley.
For more information on McKinleys Residential Client Services, please contact Kenneth P. Polsinelli at 734-769-8520 x230.
June 22, 2011
ANN ARBOR, MI McKinley is pleased to announce that they have entered into an agreement with Curry Conduit Services to help increase awareness and brand recognition of McKinley within the multifamily industry, as well as introduce McKinley to potential JV equity partners and 3rd party management opportunities with national institutional and private equity companies.
We are excited that Curry Conduit Services is working directly with us to help in all of our marketing efforts," said Albert Berriz, CEO of McKinley. "McKinley is ranked 38th in the 2011 NMHC Top 50 Managers of multifamily communities in the country, but many people in the industry are unaware of our success stories and the strong performances we have brought to all of our clients. McKinley is one the country's largest manager of distressed multifamily assets and we feel that it is important to let our success stories be known to the rest of the industry. By working with Curry Conduit Services, McKinkey will get this message delivered in a more timely fashion."
Curry Conduit Services is extremely pleased to be working with a great and talented company such as McKinley," said Leigh Curry, president of Curry Conduit Services. "The team at McKinley has done a remarkable effort to grow their portfolio at one of the toughest times in the industry and have had amazing success. Ask any of their clients including Freddie Mac, Berkadia, C-III, Karlin Real Estate and others on McKinley's performance and all you will be told is one success story after another. It's now it's time to let others in the industry know about this remarkable company."
About McKinley
McKinley, founded in 1968, is a proven leader in all aspects of investment real estate. McKinley specializes in solving complex real estate problems for its own portfolio and select clientele. By creatively applying its solid 43-year track record of success, McKinley generates value and profits from even the most challenging real estate assets. www.mckinley.com
About Curry Conduit Services
Curry Conduit Services is committed to providing owners, managers, developers, investors and suppliers in the multifamily sector with an unparalleled channel of resources and information. Whether working with our extensive list of pre-qualified clients, or with Curry Conduit Services directly for consulting services and public relations management, you are guaranteed the correct solution and fit for your multifamily company. http://www.curryconduit.com/
For more information, please contactJessica Haighat 734-769-8520 x 101.