commercial real estate services

Transcription

1 Real Estate Solutions Since 1968 Retail Office Multi-Family sales l leasing l financing l property management property management l leasing l receivership services l asset management l sales commercial real estate services

2 w w w. m c k i n l e y. c o m McKinley, a well respected real estate investment firm, has the national market knowledge to understand intricate situations and structure complex transactions. With over 44 years of experience, McKinley s professionals acquire, plan, redevelop, lease, manage, finance, and market apartment homes and commercial real estate (retail, office and mixed-use). McKinley manages over $3.2 billion in assets including 34,056 apartments and more than 10 million square feet of commercial space in 25 states and with 1,458 full-time team members. Our corporate office is located in Ann Arbor, MI, with regional commercial offices in Tampa, Indianapolis, Akron, Norfolk, Scottsdale and Winter Park. mckinley page 1

3 w w w. m c k i n l e y. c o m mckinley Albert M. Berriz is Chief Executive Officer for McKinley. Mr. Berriz has extensive experience in the acquisition, disposition, financing, management, development and redevelopment of real estate assets. He is responsible for acquiring and managing assets in excess of $4 billion during his career. Mr. Berriz holds a Masters of Management degree with honors in marketing and finance from the J.L. Kellogg Graduate School of Management --- Northwestern University in Evanston, IL. He also holds a Bachelor of Architecture Professional degree with high honors from the University of Miami School of Engineering. Albert M. Berriz Board of Directors Paul Dimond, Chair Senior Counsel Miller, Canfield, Paddock and Stone Organization and Compensation Committee Eugene A. Miller Retired Chairman Comerica Bank Organization and Compensation Committee Chair C. Wendell Dunbar, CPA Dunbar & Martel, CPA s Finance Committee Chair Steven K. Hamp Principal Hamp Advisors, LLC Organization and Compensation Committee Albert M. Berriz Chief Executive Officer McKinley page 2

4 McKinley s platform provides a multi-disciplinary team approach to solving complex real estate problems. Who We Are Creative and entrepreneurial Opportunistic Speed is a key driver Results oriented culture High touch customer and client service Invest in people and real estate Disciplined business model What We Do Opportunistic value added investments Premium client services Core Products Garden apartments Shopping centers Office buildings Core Markets Eastern Seaboard Delaware, Georgia, Maryland, New Jersey, North Carolina, South Carolina, Virginia Midwest Michigan, Indiana, Ohio, Illinois, Wisconsin, Minnesota, West Virginia, Kentucky, Pennsylvania South Florida, Tennessee, Mississippi, Alabama Southwest Arizona, Nevada, Texas, Louisiana, New Mexico disciplined business model page 3

5 w w w. m c k i n l e y. c o m premium client services page 4 McKinley delivers Premium Client Services and extraordinary results using our entire wealth of resources. Core Clients Our focus is financial institutions, municipalities and private equity capital. Core Client Services Receivership Services Property Management Acquisition and Disposition Leasing and Marketing Commercial Brokerage Construction Management Facilities Management Real Estate Advisory Services Capital Solutions Asset Management Core Client Service Beliefs Approach every real estate transaction passionately and with the entire arsenal of McKinley resources. Provide clients with a high touch, results-oriented relationship. Deliver superior results. Add intellectual capital from a highly sophisticated real estate investment company. Respond and adapt to real-time change to achieve objectives. Select Clientele Berkadia Island Capital Freddie Mac Helios AMC Morgan Stanley CW Capital Midland Loan Services Centerline City of Taylor, Michigan Key Bank JP Morgan Chase Bank of America Flagstar Bank TCF Bank John Hancock Private Owners in Florida, Ohio, Michigan and Indiana

6 McKinley Towne Centre The Nexus of Ann Arbor McKinley acquired this 125,000 square foot office building and three development parcels located in downtown Ann Arbor, Michigan. In less than 30 days, due diligence was completed, including a full physical inspection, legal review and development analysis. Simultaneously, we completed a complex lease negotiation with the seller incorporating office space, retail space and affiliated parking. McKinley converted surface parking and under utilized common areas into 22,000 square foot of ground floor retail. Adjacent parcels include for-rent luxury student apartments and support retail. Located in the heart of the Central Business District and the University of Michigan campus, McKinley Towne Centre is uniquely positioned to serve the needs of urban professionals and students alike. New office tenants include Google, Inc. and Bodman, LLP. New retail tenants include AT&T, Tios, Bar Louie, FedEx Office and TCF Bank. results oriented BIO... Responsible for McKinley s 3 million square foot commercial owned portfolio across five states Proven track record driving commercial leasing results, financing, asset repositioning and investment strategy A graduate of the University of Michigan Ross School of Business with a background in real estate development and management Thomas Gritter Vice President and Managing Director Commercial Real Estate page 5

7 w w w. m c k i n l e y. c o m receivership services Horizon Office Park McKinley was appointed Receiver of this 180,000 square foot office park in Grand Rapids, MI. During its time as Receiver, McKinley provided property management, accounting, leasing, construction and asset management services. In addition, McKinley led the disposition effort including hiring and partnering with a local broker and overseeing a successful disposition. BIO... Oversees commercial client services division, working with third-party owners, financial institutions and commercial mortgage special servicers Responsible for commercial receiverships, asset and property management, lease negotiations, and acquisitions and dispositions A graduate of Cooley Law School with a background in commercial acquisitions and real estate law Matthew D. Mason, CCIM Senior Vice President & Managing Director - Real Estate Genessee Crossing Shopping Center McKinley served as Receiver for this 119,000 square foot shopping center in Flint, Michigan on behalf of Nationwide Insurance. We completed extensive exterior improvements, renewed several tenants and successfully leased vacancies. We achieved a 94% occupancy rate, allowing us to sell the property for 99% of the original asking price and recovering Nationwide s capital investment in full. page 6

8 Huron Village Shopping Center McKinley secured debt and equity financing for this 125,000 square foot power center. Financing for this multi-phase development included construction financing, mezzanine debt, participating debt and securitized debt. Anchor tenants include Whole Foods and Barnes and Noble Booksellers. McKinley is also responsible for leasing and management of this Class A property. BIO... Vice President of Property Management overseeing national commercial owned real estate portfolio comprising 3 million square feet of retail shopping centers and office buildings with an asset value of approximately $150 million More than 20 years of property management experience BBA, Eastern Michigan Univ., MBA - Finance, Baker College, and board member of the DDA, Chelsea, MI Jeffrey Holman Vice President of Property Management Charlestowne Mall This 850,000 square foot super-regional mall located in St. Charles, Illinois, is anchored by Carson Pirie Scott, Kohl s, Sears, Von Maur and an 18-screen movie theater. Within six months after McKinley was selected to provide property management, leasing and redevelopment services, the property experienced a value creation of $13,802,887, a 119% increase in net asset value, due to aggressive cost-savings, lease agreements reached and high-touch customer service. property management page 7

9 w w w. m c k i n l e y. c o m asset management O Neils 222 McKinley has operated this premier 180,000 square foot Class A office condominium for over 6 years. We provide property management for the building and financial management services for the condominium association. The majority owner is Roetzel and Andress, a large law firm based in Akron with offices nationwide. BIO... Over 20 years experience in all facets of commercial property management Michigan Orthopedic Center and Michigan Heart and Vascular McKinley has proudly provided property management, asset management and construction services for two owner occupied, Class A medical office buildings. They are located on the St. Joseph Hospital campus in Ypsilanti, Michigan. Bottom line oversight responsibility for a combined portfolio of 6 million square feet in Michigan, Wisconsin, Minnesota, New Jersey, Kentucky, Tennessee, Indiana, Ohio, and Florida Graduate of Central Michigan University with a real estate broker license in Michigan and holds two designations: the Certified Commercial Investment Member (CCIM) and Real Property Administrator (RPA) Jessica Furlong, RPA, CCIM Director of Operations - Commercial Client Services page 8

10 JANAF Shopping Yard Bravo McKinley proactively took an under utilized parking area at JANAF Shopping Yard and constructed a 42,000 square foot out parcel shopping center. JANAF is a 1 million square foot super regional power center in Norfolk, Virginia. Leasing hit 100% before construction was completed. National tenants include Panera Bread and Qdoba. Citrus Center In 2007, McKinley renovated one of its Florida shopping centers in Inverness. Citrus Center is a 140,000 square foot regional center uniquely positioned and located in Citrus County. After Winn Dixie rejected its lease out of bankruptcy, McKinley immediately and successfully retenanted the shopping center with TJ Maxx and Office Max. Post renovation, this asset increased in value by over $8 million. construction management page 9

11 w w w. m c k i n l e y. c o m capital solutions Echelon This 30,000 square foot mixed use development, located in Northeast Indianapolis, has a dynamic grouping of office, retail and restaurant tenants. McKinley leased 8,000 square feet of space that increased occupancy from 56% to 85% and raised the asset value by more than $500,000. McKinley also worked with the local assessor to reduce property taxes creating $600,000 in value. BIO... Oversees Commercial Portfolio Management Team and Commercial Client Services portfolio with a focus on client relations and lease negotiation Responsible for devising and implementing workout strategies for distressed commercial properties throughout the Midwest and Southeast Attended the University of Michigan for undergraduate and graduate school Lauren Dritz Director of Commercial Portfolio Management Capital Solutions McKinley has extensive experience in real estate capital markets, including debt and equity products such as construction financing, acquisition and renovation financing, securitized debt, tax-exempt financing, affordable housing financing, tax-credit equity, institutional portfolio debt, FNMA DUS, FHLMC and HUD financing, mezzanine debt, participating debt and joint venture capital solutions. page 10

12 Signs of Our Success BIO... Responsible for leasing, commerical financings and specific property management tasks 4-year varsity letter winner on the University of Michigan Men s Hockey Team leasing and marketing A graduate of the University of Michigan with a Bachelor of Business Administration David Rohlfs Assistant Director, Commercial Owned Real Estate page 11

13 320 N. Main, St., Suite 200 Ann Arbor, MI Phone: commercial real estate services Real Estate Solutions Since 1968