ANN ARBOR, MI– McKinley is pleased to announce that Kristin A. Berg has joined McKinley as VP & Managing Director of Residential Asset Management. Kristin was formerly Director, Multifamily Asset Resolution for Freddie Mac, where she led a loss mitigation team that successfully executed proven workout and disposition strategies for a $1B high risk loan portfolio.
“We are thrilled to have Kristin join our executive team,” said Kenneth P. Polsinelli, Chief Real Estate Officer. “She is one of the most talented real estate professionals I know, and I know that our clients and our team members will benefit greatly from her contributions. Her focus on value creation is a perfect fit with our culture and results.”
Kristin represented Freddie Mac in the Mortgage Bankers Association (MBA) working group that established the loan servicing industry best practices for inspecting commercial properties, documented in a white paper. The group developed the universal property inspection form, now used by the majority of commercial loan servicers. In conjunction with these efforts, Kristin took an active role in creating the curriculum for and teaching the MBA’s Property Inspection Training, a requirement for inspectors of Fannie Mae or Freddie Mac properties.
During her 20 year career at Freddie Mac, Kristin personally resolved hundreds of distressed loans and was instrumental in building a national network of property managers and brokers to facilitate the disposition of over 250 REO assets. She had a variety of roles that included risk management, policy and process redesign. Kristin was a member of the team that launched the Multifamily Division’s first mentoring program and a regional leader of the book club. She was awarded a Certificate of Appreciation from the Consortium for Housing and Asset Management, the educational arm of the nonprofit Enterprise Community Partners, Inc., for supporting the effort to develop their advanced certification program.
Kristin graduated with Honors from the University of Chicago with a BA in Humanities. She also holds an Illinois Real Estate Broker’s license.
“Having worked with McKinley for years as a client, I am delighted with the opportunity to join this high-powered group whose possibilities are limitless in the world of real estate,” stated Kristin A. Berg, VP & Managing Director of Residential Asset Management.
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 20 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 a member of the National Housing Council (NMHC) and is recognized by the Institute of Real Estate Management (IREM) as an Accredited Management Organization (AMO).