News
May 17, 2023
Orlando, Florida - McKinley, the leading privately-held multifamily owner-operator in the metro Orlando area, is thrilled to announce its latest major acquisition in the Orlando Theme Park market. The company has successfully acquired The Wesley Apartments, formerly known as The Vinings at Westwood Apartments, adding a 400-unit community to its extensive portfolio. Located on Banner Lake Circle Road, The Wesley enhances McKinley's presence in southwest Orlando, known for its proximity to popular attractions such as Universal Studios, SeaWorld, and Disney.
"The Wesley is a wonderful addition to our Orlando portfolio," says Albert M. Berriz, CEO, Managing Member, and Co-Owner of the McKinley Companies. "In addition to providing 1 and 2 bedroom units, The Wesley also has 3 bedroom units, an offering we didn't have in that area. This expansion allows us to better cater to the diverse needs of our residents in the Orlando market"
The acquisition of The Wesley was made possible through the support of KeyBank, whose intimate understanding of McKinley's specific submarket focus allowed them to exceed the shortened closing timeframe requirements. The collaboration between McKinley and KeyBank highlights the importance of strong partnerships in achieving successful real estate transactions.
With the completion of this acquisition, McKinley now owns and operates 75 workforce housing communities in its core markets of Washtenaw County, Michigan, and the metro Orlando area. As the largest privately-held multifamily owner-operator in the region, McKinley's commitment to serving its customers and colleagues is unwavering. The company prides itself on its dedicated and diverse team, working tirelessly to provide extraordinary experiences for all stakeholders.
About McKinley:
McKinley is a leading privately-held multifamily owner-operator, with a strong presence in the metro Orlando area. Founded in 1968, the company has been actively investing in, owning, and operating multifamily communities in the Orlando MSA since 1982. With a focus on workforce housing, McKinley is dedicated to creating exceptional living environments and fostering positive communities.
March 28, 2023
McKinley is a proud supporter of the American Heart Association in Washtenaw County, Michigan for the 8th year in a row. This year, the McKinley team is participating in the 2023 Washtenaw County Heart and Stroke Walk & 5k at Rynearson Stadium.
The Importance of the Heart Walk
The Heart Walk is a critical part of the American Heart Association's fundraising efforts, and it plays a crucial role in generating the resources needed to support research, education, and advocacy programs. By participating in the Heart Walk, McKinley and other supporters are helping to raise awareness about the importance of heart health and the impact that heart disease can have on individuals, families, and communities.
Join McKinley’s Team Today
McKinley is inviting all of its employees, residents, and community members to participate in this year's Heart Walk. If you’re unable to walk or run with us, you can also donate to the team.
October 25, 2022
Orlando, Florida - McKinley is excited to announce that it has completed another major acquisition in its Orlando International Airport/Downtown Orlando sub-market, with the acquisition of The Frederick (formerly Sawgrass Apartments), a 208-unit community located on Conway Road. McKinley has been actively investing, owning, and operating Multifamily communities in the Orlando MSA since 1982.
“We are very pleased with this addition to our Orlando workforce housing portfolio, it further adds to the wonderful array of choices we can provide our customers in our various sub-markets throughout the Orlando MSA,” Albert M. Berriz, CEO, Managing Member, and Co-Owner of the McKinley Companies. “We are also very thankful for our friends at KeyBank Real Estate Capital who have worked alongside us for over 30 years and have provided over $2 billion in acquisition and long-term financings,” added Berriz.
McKinley owns and operates 74 workforce housing communities in its core markets of Washtenaw County, Michigan, and throughout Metropolitan Orlando, where it is the largest privately-held Multifamily owner-operator in both of those markets. McKinley is comprised of caring, hard-working, positive, and diverse people; they work shoulder to shoulder in the field where everything they do happens; they are passionate about serving customers and colleagues, and being "extraordinary" is a cultural way of life!
August 29, 2022
Ann Arbor, Michigan - McKinley announced today the acquisition of Schooner Cove - Phase 3 (formerly Acclaim at Ford Lake), a 184-unit townhome-style garden apartment community on the shores of Ford Lake, in Ypsilanti Township, Michigan. This lovely lakefront townhome style community contains one, two and three-bedroom affordable apartment homes, and will be added to the contiguous communities of Schooner Cove Phases 1 and 2 which contain 408 garden-style apartments, and which McKinley has owned since the early 1980s.
“We are very pleased with this addition to our Washtenaw County workforce housing portfolio, it further adds to the wonderful array of choices we can provide our customers in the Ann Arbor/Ypsilanti market,” Albert M. Berriz, CEO, Managing Member and Co-Owner of the McKinley Companies. “We are also very thankful for our friends at Comerica Bank, N.A. who have worked alongside us for over 50 years and have provided over $500 million in acquisition financings,” added Berriz.
McKinley owns and operates 73 workforce housing communities in its core markets of Washtenaw County, Michigan and throughout Metropolitan Orlando, where it is the largest Multifamily owner-operator in both of those markets as listed by CoStar. McKinley is comprised of caring, hard-working, positive and diverse people; they work shoulder to shoulder in the field where everything they do happens; they are passionate about serving customers and colleagues, and being "extraordinary" is a cultural way of life!
May 19, 2022
We're proud to offer our swimming pools every summer to the YMCA to help teach kids the importance of water safety. Check out the dates and learn more: Click Here
August 25, 2021
Ann Arbor, Michigan - The McKinley Companies announced today the acquisition of Traver Courts Apartments (formerly Village Park of Ann Arbor), a 216 unit multifamily community located on the north side of the City of Ann Arbor. The acquisition is McKinley’s 23rd multifamily apartment community located in Ann Arbor/Washtenaw County, adding to its formidable and dominant footprint in this market as the largest multifamily owner/operator in the region. McKinley has been actively owning and operating multifamily communities in Ann Arbor since 1968.
“Traver Courts is a superb addition to our portfolio of generational multifamily real estate assets. We have extreme confidence in the Ann Arbor Region with major employment growth drivers like Michigan Medicine and others in the immediate submarket,” offered Albert M. Berriz, CEO, Co-Owner, and Managing Member. “This community will allow us to better serve our customers by adding more choices to our already robust portfolio of options on the north side of Ann Arbor, and in Washtenaw County overall. Our extraordinary Michigan Team led by Will Epps is poised and ready to make significant capital improvements and upgrades to the community starting immediately upon takeover, which will materially enhance the customer experience for those living at Traver Courts,” added Berriz.
In addition to its dominant position in the Ann Arbor Region, McKinley is the largest owner-operator of multifamily communities in Orlando (Florida) as listed by CoStar, as well as having a significant multifamily market presence in Hyde Park/South Tampa (Downtown Tampa, Florida). In total, McKinley owns and operates 49 multifamily communities in Central Florida, and has a total of 72 owned communities across its entire platform in Florida and Michigan.
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.
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.