ANN ARBOR, MI - McKinley has been appointed Receiver for the FX4 Babcock and Brown Portfolio consisting of 4,958 units in 20 properties located in Texas, Georgia and South Carolina. McKinley has a long and successful track record of resolving large complex portfolios similar to FX4.
"We are looking forward to serving the various constituencies in this most important transaction. We are uniquely qualified given our exceptional track record for resolving complex and large portfolios like FX4," said Albert M. Berriz, McKinley's CEO. "Given our recent experience with the 3,709 unit FX3 portfolio, we are confident we can make an immediate and significant impact," added Berriz.
The Receivership effort will be lead by Kenneth Polsinelli, Chief Real Estate Officer, and Royal Caswell, Chief Operating Officer. McKinley has extensive experience resolving assets in all of the FX4 markets, and has significant capacity to carry out the needed Receivership duties in this most complex transaction.
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).