News


January 8, 2012

STERLING HEIGHTS, MICHIGAN McKinley is pleased to announce that it has been retained as the property manager and asset manager for Marketplace Court, a 258,416 square foot retail shopping center in Sterling Heights, Michigan. The center is approximately 80% occupied and tenants include Target, MJR Theater, and Ruby Tuesdays. Marketplace represents the 16th active commercial workout property in Michigan.

We are excited to have the opportunity to apply our proven track record of success to assist with this asset. Im confident that by applying our teams passion and expertise, we will be able to enrich the quality of life and create value for all of the stakeholders, states Albert M. Berriz, Chief Executive Officer.

For more information on McKinleys Commercial Client Services and Property Management, please contact Matthew D. Mason at 734-769-8520 x267.

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December 27, 2011

VIRGINIA McKinleys Residential Client Services is proud to announce the successful disposition of Chelsea Point and Vacaro Apartments, which are the final two assets included in the Bethany Portfolio. The Bethany Portfolio consisted of 11 properties totaling 2,904 units in three states. McKinley commenced management on all 11 assets in March of 2009 and immediately began creating value.

Chelsea Point Apartments is a 196 unit multi-family complex located in Portsmouth, VA. During McKinleys time there, occupancy was increased from 54% to more than 96%.

Vacaro Apartments is a 208 unit complex in Chesapeake, VA. At the time of takeover occupancy was 58%, which McKinley increased to over 93% during their time at the property.

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.

For more information on McKinleys Residential Client Services, please contact Kenneth P. Polsinelli at 734-769-8520 x230.

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December 21, 2011

ANN ARBOR, MI McKinley is pleased to announce that Kristin A. Berg has joined McKinley as VP & Managing Director of Residential Asset Management. Kristin was formerly Director, Multifamily Asset Resolution for Freddie Mac, where she led a loss mitigation team that successfully executed proven workout and disposition strategies for a $1B high risk loan portfolio.

We are thrilled to have Kristin join our executive team, said Kenneth P. Polsinelli, Chief Real Estate Officer. She is one of the most talented real estate professionals

I know, and I know that our clients and our team members will benefit greatly from her contributions. Her focus on value creation is a perfect fit with our culture and results.

Kristin represented Freddie Mac in the Mortgage Bankers Association (MBA) working group that established the loan servicing industry best practices for inspecting commercial properties, documented in a white paper. The group developed the universal property inspection form, now used by the majority of commercial loan servicers. In conjunction with these efforts, Kristin took an active role in creating the curriculum for and teaching the MBAs Property Inspection Training, a requirement for inspectors of Fannie Mae or Freddie Mac properties.

During her 20 year career at Freddie Mac, Kristin personally resolved hundreds of distressed loans and was instrumental in building a national network of property managers and brokers to facilitate the disposition of over 250 REO assets. She had a variety of roles that included risk management, policy and process redesign. Kristin was a member of the team that launched the Multifamily Divisions first mentoring program and a regional leader of the book club. She was awarded a Certificate of Appreciation from the Consortium for Housing and Asset Management, the educational arm of the nonprofit Enterprise Community Partners, Inc., for supporting the effort to develop their advanced certification program.

Kristin graduated with Honors from the University of Chicago with a BA in Humanities. She also holds an Illinois Real Estate Brokers license.

Having worked with McKinley for years as a client, I am delighted with the opportunity to join this high-powered group whose possibilities are limitless in the world of real estate, stated Kristin A. Berg, VP & Managing Director of Residential Asset Management.

ANN ARBOR, MI McKinley is pleased to announce that Kristin A. Berg has joined McKinley as VP & Managing Director of Residential Asset Management. Kristin was formerly Director, Multifamily Asset Resolution for Freddie Mac, where she led a loss mitigation team that successfully executed proven workout and disposition strategies for a $1B high risk loan portfolio.

We are thrilled to have Kristin join our executive team, said Kenneth P. Polsinelli, Chief Real Estate Officer. She is one of the most talented real estate professionals

I know, and I know that our clients and our team members will benefit greatly from her contributions. Her focus on value creation is a perfect fit with our culture and results.

Kristin represented Freddie Mac in the Mortgage Bankers Association (MBA) working group that established the loan servicing industry best practices for inspecting commercial properties, documented in a white paper. The group developed the universal property inspection form, now used by the majority of commercial loan servicers. In conjunction with these efforts, Kristin took an active role in creating the curriculum for and teaching the MBAs Property Inspection Training, a requirement for inspectors of Fannie Mae or Freddie Mac properties.

During her 20 year career at Freddie Mac, Kristin personally resolved hundreds of distressed loans and was instrumental in building a national network of property managers and brokers to facilitate the disposition of over 250 REO assets. She had a variety of roles that included risk management, policy and process redesign. Kristin was a member of the team that launched the Multifamily Divisions first mentoring program and a regional leader of the book club. She was awarded a Certificate of Appreciation from the Consortium for Housing and Asset Management, the educational arm of the nonprofit Enterprise Community Partners, Inc., for supporting the effort to develop their advanced certification program.

Kristin graduated with Honors from the University of Chicago with a BA in Humanities. She also holds an Illinois Real Estate Brokers license.

Having worked with McKinley for years as a client, I am delighted with the opportunity to join this high-powered group whose possibilities are limitless in the world of real estate, stated Kristin A. Berg, VP & Managing Director of Residential Asset Management.

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December 20, 2011

KANNAPOLIS, NORTH CAROLINA McKinley is pleased to announce that the County of Cabarrus has appointed McKinley as receiver for Northlite Commons in Kannapolis, North Carolina. This 23,000 square foot retail building is a Wal-Mart shadow anchor shopping center.

We are excited to have the opportunity to apply our proven track record of success to assist with these assets. Im confident that by applying our teams passion and expertise, we will be able to enrich the quality of life and create value for all of the stakeholders, states Albert M. Berriz, Chief Executive Officer.

For more information on McKinleys Commercial Client Services and Property Management, please contact Matthew D. Mason at 734-769-8520 x267.

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December 15, 2011

ANN ARBOR, MI McKinley is pleased to announce that Colliers International signed a 6 year lease to occupy 2,408 square feet at the McKinley Towne Centre. Colliers International provides commercial brokerage and other real estate services to its customers. Colliers has two other offices in Michigan, one in Southfield and another in Grand Rapids.

Were delighted to have Colliers at MTC, Stated Thomas Gritter, Vice President& Managing Director, Commercial Real Estate. Colliers has been a great partner of McKinley for many years and were super excited to have them as a tenant.

For more information on McKinley Towne Centre, please contact Thomas Gritter at 734-769-8520 x 289

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December 14, 2011

ANN ARBOR, MICHIGAN McKinleys Commercial Client Services is pleased to announce that it has been retained as the property manager and asset manager for the former Borders Headquarters building, a 330,000 square foot office building in Ann Arbor, Michigan.

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.

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December 14, 2011

Clickto read a great articlefeaturing Albert M.Berriz, CEO of McKinley, Inc.

http://www.concentratemedia.com/features/annarborphilanthropy0176.aspx

Click below to read the great article that annarbor.com wrote

http://www.annarbor.com/business-review/ann-arbors-menlo-innovations-triples-office-space-in-move-from-kerrytown-to-liberty-street/

Click to read an article about McKinleys latest disposition

http://www.rejournals.com/2011/11/29/mckinley-closes-successful-disposition-of-michigan-multi-family-property/

Read all about McKinley solving problems in this article, turn to page 142 for the whole story.

http://www.ddcjournal.com/issues/winter2011/

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December 1, 2011

INDIANAPOLIS, INDIANA McKinleys Residential Client Services is excited to announce the successful disposition of The Cottages of Falls Creek and The Orchard. The Cottages is a 753 unit multifamily asset and The Orchards has 378 units, both are located in Indianapolis, IN.McKinley began managing both assets under a Receivership Order in October 2009. During their management McKinley was able to increase occupancy and value greatly for both properties.

We appreciated the opportunity to be involved in the repositioning of these assets on behalf of our valued 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.

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December 1, 2011

FORT MYERS, FLORIDA McKinleys Residential Client Services is pleased to announce the successful disposition of Palm Villas Apartments in Ft. Myers, FL. McKinley began managing this 64 unit multi-family complex in July of 2010, creating tremendous value. During their time there, occupancy and collections were greatly increased.

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.

For more information on McKinleys Residential Client Services, please contact Kenneth P. Polsinelli at 734-769-8520 x230.

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