Chicago –MCZ Development Corporation, a fully integrated real estate development company based in Chicago, has announced the launch of its newest division, MCZ Affinity. MCZ Affinity provides developers and lenders tailored turnkey solutions to disposing and/or repositioning property. This latest addition follows on the heels of the 2007 launch of MCZUrban, which focuses on developing thriving urban communities in metropolitan areas.

“We created this division to manage and reposition existing residential projects,” said Michael Lerner, Company founder and president, and 2008 inductee into the Chicago Area Entrepreneurship Hall of Fame. “Our strength lies in our flexibility.  Because we have experience in a multitude of facets of the condominium and rental development and construction process, we can easily evaluate the needs of a project and find ways to invigorate it by adjusting the program already in place or even overhauling if necessary. We have been very successful so far.”

With MCZ’s wide-ranging expertise in sales and marketing, development, and construction, the scope of services offered through MCZ Affinity is comprehensive:

* detailed evaluation
* acquisitions and financing;
* property management, including operations, leasing and construction management;
* condominium conversion;
* sales, utilizing the company’s extensive network of brokers and agents nationwide and internationally;
* contract administration

“Relationships are everything in this business,” Lerner added, “and we have cultivated significant and critical relationships in every sector of the industry, which can be leveraged by those in precarious situations.”

What is now a $1.6 billion company specializing in high-density, infill projects, MCZ Development first began developing in Chicago in 1985. Its portfolio now comprises loft-style housing, high-rise condominiums, oceanfront residences, land and resort development properties and mixed-use projects in Alabama, Arizona, Florida, Missouri, New Jersey, New York, Tennesse, Kansas and Washington, D.C. Currently, the company has over 3,500 units in development. MCZ Development Group was named the number one “cash cow” in Inc. Magazine’s 2007 “Inc. 500,” making it just the fifth billion-dollar company in Inc. 500 history; and was ranked #157 overall of “America’s Fastest Growing Private Companies.” It also made #19 on Crain's Chicago Business’ Largest Homebuilders list.

For more information, visit  <http://www.mczdevelopment.com/> www.mczdevelopment.com.