ANN ARBOR, MI—McKinley Inc., based here, has partnered with Irvine, Calif.-based Avanath Capital Management to launch a newfirm.
“Mckinley-Avanath” will manage sites acquired by Avanath for its variousplatforms, as well as assets owned by institutional partners and clients. The venture recently commenced with the management of two multi-family properties in the Midwest: Gladden Farms, a 220-unit community near Indianapolis and Country Wood, a 180-unit, affordable community in Naperville, Ill.
Albert Berriz, CEO of McKinley, says the partnership’s alignment has worked like magic. "Daryl (Carter, Avanath CEO) and I have known each other for over 30 years. The skills and expertise our teams bring to the table are very complimentary," Berriz says in a statement.