09 Oct 2014

MCKINLEY NAMED TO CRAIN’S DETROIT BUSINESS FAST 50 LIST

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Ann Arbor, MI – McKinley is proud to share it received the 2014 Crain’s Fast 50 – Fastest Growing Companies award during a presentation along with other recipients named to the Fast 50 which was hosted by Crain’s Detroit Business and held at the MSU Management Education Center in Troy.  The event,  which honored the Top 50 fastest growing companies in Crain’s database included both private and publicly traded companies.  The criteria for award selection was based on dollar amount of revenue growth between 2010 and 2013 and by percentage of revenue growth in this same period.  Following the award ceremony, Albert M. Berriz, CEO participated on a panel moderated by Daniel Duggan, Managing Editor, Custom and Special Projects, Crain’s Detroit Business.

“We are very proud to be named to the Crain’s Detroit Business Fast 50 list this year,” stated Albert M. Berriz, Chief Executive Officer and Co-Managing Member with McKinley.  “We are honored to be listed along with 49 other very successful companies in our region, including Quicken Loans and the Ilitch Companies, among others,” shared Berriz.

McKinley was ranked #11, with $500 million in annual revenue, $4.6 billion ownership and management, 35,000 multifamily units, 21 million square feet of office and retail and 1,600 valued team members in 33 states.

09 Oct 2014

McKinley Expands Again in its Core Indianapolis Market

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Ann Arbor, MI – McKinley continues to execute on its long term strategy of expanding its Owned Multifamily portfolio in its core markets and in sub-markets where it dominates. McKinley acquired Brighton Park, a 336 unit garden apartment community located in Northwest Indianapolis, contiguous to The Courts Apartments, a 148 unit community which it has owned for many years. The two communities will be merged and run as one 484 unit community which will be called The Courts Apartments. The communities are immediately adjacent to St Vincents Health (http://www.stvincent.org), a member of Ascension Health, the largest Catholic health care system in the country. McKinley also owns Brandywine Apartments in the immediate submarket, which is a 296 unit community also adjacent to the St Vincents Health campus.

“We will always acquire in our core markets of Carmel, Castleton and the north side of Indianapolis with conviction. Indianapolis (and the State of Indiana) is a pro-growth, pro-business environment; and it is the transportation crossroads of America. We are long on Indianapolis, we have been investing in that market since the early 1980′s, and we will continue our efforts to grow in that market”, said Albert M. Berriz, CEO of McKinley.

A major renovation is now underway for the new acquisition, which includes a complete exterior renovation with siding, roofing and new windows, green energy investments, and extensive interior renovations. The acquisition and renovation is being financed by The Private Bank of Chicago, and Berkadia is processing a HUD refinancing of the asset which will be closed upon stabilization and completion of the renovation.

30 May 2014

McKinley Breathes New Life into Ann Arbor Community

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Acquisition financing for McKinley often comes through Fannie Mae and Freddie Mac. But sometimes the company taps the Federal Housing Administration (FHA) despite the program’s stringent requirements. Read More on MultifamilyExecutive.com

29 May 2014

McKinley CEO Albert M. Berriz Chairs Ann Arbor SPARK Private Sector Fundraising Campaign

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Ann Arbor, MI – McKinley’s Chief Executive Officer, Albert M. Berriz, was featured during the Ann Arbor SPARK Annual Meeting held recently at the University of Michigan North Campus Research Complex.  The Annual Event, the largest in SPARK’s history, hosted 275 guests from the area’s top businesses, universities, government and research organizations and included presentations by Berriz, Doug Rothwell, CEO of Business Leaders for Michigan, as well as Nigel Francis, Senior Automotive Advisor to the State of Michigan.

As Chair of the Private Sector Campaign, Mr. Berriz and the Campaign Fundraising Committee have embarked on an effort to raise $1.6MM annually to continue SPARK’s important work to ensure its mission to continue to advance the economy and create jobs in the region.   Since 2006, SPARK has accelerated business growth in the Ann Arbor area resulting in $1.5 Billion in new investment and 13,024 jobs.

“I invite everyone in our community; including businesses both large and small to join this ‘must do” fundraising campaign in support of the important work of Ann Arbor SPARK,” shared Berriz.   “We are grateful to all who have generously supported the Campaign to date, which includes McKinley’s lead gift of $500,000 over ten years, however, there is still much more work to be done.”

07 May 2014

2014 NMHC 50 Managers List

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Please enjoy this breaking news link containing the 2014  NMHC Top 50 Managers List on Multifamilyexecutive.com. McKinley is honored to be ranked #38! Read More