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Feb. 25, 2013

McKinley and Avanath Capital Launch New Partnership

Ann Arbor, Mich.—Albert M. Berriz, CEO McKinley, Inc. and Daryl J. Carter, founder, chairman and CEO of Avanath Capital Management, jointly announced 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 44-year track record as apartment operators along with Avanath Capital’s real estate investment track record in multifamily real estate.

The venture commences with the management of two multifamily properties, Gladden Farms, a 220-unit community located near Indianapolis, Ind., and Country Wood, a 180 unit, affordable community located in Naperville, Ill.