ANN ARBOR, MI - Albert M. Berriz, CEO McKinley, Inc. and Daryl J. Carter, Founder, Chairman and CEO of Avanath Capital Management, today jointly announce the launch of "mckinley - avanath" a residential property management enterprise created to manage apartment home communities acquired by Avanath for its various investment platforms, as well as assets owned by institutional partners and clients.
mckinley - avanath is built on McKinley's national operating platform and proven 44 year track record as apartment operators along with Avanath Capital's sterling real estate investment track record in multifamily real estate.
"This partnership is magical on many levels" states Albert M. Berriz. "Daryl and I have known each other for over 30 years. The skills and expertise our teams bring to the table are very complimentary," says Berriz.
"McKinley's values are aligned with Avanath's." states Daryl J. Carter. "McKinley's reputation creating value fits well with Avanath's investment strategy and our partnership translates into the efficient and successful execution of this approach,” says Carter.
The venture commences with the management of two multi-family properties, Gladden Farms, a 220 unit community located near Indianapolis, IN and Country Wood, a 180 unit, affordable community located in Naperville, IL.
About McKinley
Founded in 1968 and headquartered in Ann Arbor, McKinley is a leading owner and manager of multifamily real estate. Currently ranked #38 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 for the National Multi Housing Council (NMHC) and is recognized by the Institute of Real Estate Management (IREM) as an Accredited Management Organization (AMO).