ANN ARBOR, MI – McKinley announced that they have acquired Traver Knoll Apartments, a 216 unit garden apartment community on the north side of Ann Arbor. With this acquisition, McKinley now owns more than 5,300 units in the region, a dominant footprint in this vibrant market.
"Ann Arbor is the economic engine of the Midwest. It's a college, medical and research powerhouse that is fundamentally recession proof because of the 'jobs creator' that the University of Michigan has become for the region," said Albert M. Berriz, CEO of McKinley. Berriz added... "We are extremely committed to Ann Arbor, the region is enjoying an influx of Gen Y graduates and new economy workforce workers seeking to live here based upon the area's overall economic health, entrepreneurial activity, access to great arts and leisure as well as a quality of life that is second to none. As a matter of fact, the north side communities of Ann Arbor are the best performing communities in our entire Midwest US portfolio and this acquisition will help further solidify our position in the marketplace."
McKinley continues to make strategic acquisitions throughout its 25 state platform for its own account and for its institutional clients and partners. In addition to Ann Arbor, the major focus of growth has been along the I-85 Corridor from Maryland to Georgia, the I-4 corridor from Tampa to Orlando, Texas and Nevada.
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.
Source: McKinley / #Multifamily #Apartments