MCKINLEY BUYS APARTMENT COMMUNITY IN ORLANDO

ORLANDO, FLA. — McKinley, a multifamily owner and manager, has purchased Bella Capri, a 248-unit, garden-style apartment community located in Orlando. The multifamily community was formerly known as Mission Pointe Apartments. Bella Capri is one of 11 garden-style apartment communities in the theme park submarket of Orlando, which is located between Universal Studios and Disney World. Eight of the 11 properties are owned and managed by McKinley. Bella Capri is located two blocks away from the Mall at Millenia, an indoor mall, and a few blocks west of Universal Studios, which includes the Universal Islands of Adventure and the Wizarding World of Harry Potter. Comerica Commercial Real Estate is providing acquisition financing on behalf of McKinley, and Berkadia Commercial Mortgage is providing long-term HUD financing.