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!