Ann Arbor — The firm says it is working toward consolidating its footprint near the University of Michigan.
Ann Arbor, Mich. — McKinley has acquired Westwood Apartments, a 120-unit garden apartment community east of the University of Michigan. With this acquisition, McKinley says it is consolidating its footprint in the Ann Arbor market with 5,400 units in the region.
"This is our fourth McKinley community in the old west side of Ann Arbor," says Albert M. Berriz, McKinely CEO. Westwood will be re-named Manchester West, and interior and exterior renovations are planned.
"This community is superbly located within walking distance to downtown, however it needs a major investment to make it competitive and consistent with what our customers expect in our communities" Berriz says.
McKinley makes acquisitions throughout a 25-state platform for its own account and for its institutional clients and partners. In addition to Ann Arbor, which is also the company's headquarters, growth has been focused along the I-85 corridor from Maryland to Georgia and areas in Florida, Texas and Nevada along the I-4 corridor.