FLINT, MI - McKinley is pleased to announce that it has been appointed receiver for Kings Lane, a 378 unit apartment community in Flint, Michigan.
McKinley was appointed by the United States District Court, Eastern District of Michigan, Southern Division to protect the asset and to manage the community. McKinley, or its principals, has been named as Receiver over 150 times across 14 states, and this appointment represents McKinley’s 50th appointment in Michigan.
“We are recognized across the real estate community as a leader in resolving distressed assets,” said Kenneth P. Polsinelli, Chief Real Estate Officer, “and we are pleased that we are able to use our talents in Michigan in this challenging situation.”
“We are excited to have the opportunity to apply our proven track record of success to assist with this asset. I’m confident that by applying our team’s passion and expertise, we will be able to enrich the quality of life and create value for all of the stakeholders,” stated Albert M. Berriz, Chief Executive Officer.
About McKinley
Founded in 1968 and headquartered in Ann Arbor, McKinley is a leading owner and manager of multifamily real estate. Currently ranked #37 in the NMHC Top 50 list of national apartment management companies, McKinley owns and manages more than 33,000 units throughout 25 states. McKinley specializes in solving complex real estate problems for its own portfolio, as well as a select clientele of institutional investors, private equity clients and special servicers. McKinley is on the Board of Directors of the National Multi Housing Council (NMHC) and is recognized by the Institute of Real Estate Management (IREM) as an Accredited Management Organization (AMO).