LAS VEGAS, NV - McKinley continues its expansion into the Las Vegas market with the management takeover of Las Palmas Apartment Homes in Las Vegas, Nevada. This 391 unit community is conveniently located just one block off the Las Vegas Strip. ”We like the distressed deal flow opportunities we are seeing in the Las Vegas market, and we are actively exploring several additional deals at this time” said Kenneth P. Polsinelli, Chief Real Estate Officer. “We like the long term characteristics of this market, and now begins a solid entry point in our opinion”.
McKinley has established a major leadership hub in Houston out of which they are managing their western portfolio including commercial and residential assets located in Houston, Dallas, Phoenix and Las Vegas. McKinley’s main leadership hubs are located in Orlando, Houston and Ann Arbor out of which they run their 25 state platform. “We appreciate the opportunity to be involved in the repositioning of this asset on behalf of our valued stakeholders and we look forward to our continued expansion in the Las Vegas market” states Albert M. Berriz, Chief Executive Officer of McKinley.
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). For more information on McKinley, please contact Kenneth P. Polsinelli at 734-769-8520 x 230 or kpolsinelli@mckinley.com