| MC Companies Continues its Aggressive Expansion in Dallas, TX - DFW Metro with 230 Unit Multifamily Acquisition | June 2, 2010 | MC Acquires 230 Unit Park Timbers |
| MC Companies Secures Freddie Mac Financing and Closes on 238 Unit Saddle Creek Apartments in Dallas, TX | October 29, 2009 | MC Companies Acquires 238 Unit Saddle Creek in Dallas, TX |
| MC Companies Acquires 226 Unit Wickertree Apartments in Phoenix, AZ with Favorable Feddie Mac Financing | August 25, 2009 | Wickertree Apartments |
| MC Companies Names Lesley Brice CEO and Partner of MC Residential of Texas, LLC | February 11, 2009 | MC LESLEY BRICE CEO |
| MC Companies Acquires 7,000 Unit Portfolio, Forms MC Residential of Texas | February 3, 2009 | MC Companies Acquires 7000 Unit Encore Portfolio in Texas |
| Freddie Mac and Investors Partner with MC Companies and Fund Harvestree Apartment Community in Plano, TX | December 15 , 2008 | MC Closes Harvestree 12/15/08 |
| MC Companies Acquires 3rd Apartment Community in 150 Days |
October 14, 2008 | MC Closes 3rd Deal 101408 |
| Ken McElroy Releases ABC's of Property Management and donates proceeds | September 19, 2008 | MC ABC Prop Mgmt Final 0908 |
| MC Raises Equity | July 23, 2008 | MC Raises Equity and Performs on Two Contracts |
| Ken McElroy Releases The Advanced Guide to RE Investing | May 2008 | Advanced Guide to RE Investing |
MC Companies continues its aggressive expansion MC Principals, Ross McCallister and Ken McElroy, secure Freddie Mac financing and close on Park Timbers Apartments in Lewisville, TX. Scottsdale, Arizona, June 2, 2010 – MC Companies’ acquisition of Park Timbers Apartments in Lewisville, (Dallas) Texas brings the company’s portfolio to over 7,000. MC Residential of Texas will manage the community. The value-add acquisition offers the potential for superior risk-adjusted returns and fits perfectly within MC Companies expansion plans. About the Deal
MC continues to focus on workforce housing: garden style apartments in Arizona, Oklahoma and Texas that meets its asset criteria.The community will be renamed The Place at Park Timbers in keeping with the company’s branding strategy, capitalizing on the existing name recognition, while giving the community a freshness. MC is planning to update the units to enhance the community residents’ living experience, and remain competitive in the local market. About the PropertyThe Place at Park Timbers is nestled in a forest of mature oaks with easy access to major highways and the DFW airport and two large shopping malls. The community has two pools, spa, exercise room, family play area and covered parking. Ten floor plans include 1, 2 and 3 bedroom options. Units have private patios or balconies, outside storage, kitchen appliances, vaulted ceilings, wood burning fireplaces and walk in closets. For more information about The Place at Park Timbers, please visit www.ParkTimbersApts.com. Despite tight financial markets, MC Companies has several projects under contract in select Texas markets and several more under construction. In early May, MC opened another new development financed with the HUD 221 D4 program, The Place at Savanna Springs, a new 204 unit multifamily community in Sierra Vista, AZ. MC Companies continues to search for more land acquisitions and 200+ units in select markets. Contact Ryan Francisco at rfrancisco@mccompanies.com. About MC CompaniesMC Companies is a full-service real estate management, investment, development, and construction company that since 1985 has developed, built and managed multifamily housing communities. MC Companies is headquartered in Arizona, with corporate offices in Scottsdale and Tucson; and Arlington, Texas. The current portfolio includes units in Arizona, Nevada, Oregon, Oklahoma and Texas. For more information visit: www.mccompanies.com or www.mcresidential.com. Contact: Kim Obert 480-998-5400 ext 250 480-291-0250 Direct kobert@mccompanies.com | www.mccompanies.com
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