Wallick Communities recently closed on the acquisition of five family communities that were part of an agreement with valued business partner, National Church Residences. A total of over 550 units, this deal was brought to fruition based on the efforts of the company's Asset Management and Affordable Housing Operations teams. Now, Wallick owns and manages:
Wisconsin
- Aspen Crossing, Milwaukee (356 units)
- Maplewood Commons, Fond du Lac (82 units)
- Rock View Apartments, Jefferson (20 units)
West Virginia
-Rivermont Apartments, Montgomery (47 units)
Ohio
- McPherson Woods, Mansfield (50 units)
Currently, the majority of Wallick's growth in affordable housing is coming from acquisitions. On average, the company acquires around 500 units every year and expects to keep that pace as long as opportunities continue to arise. This transaction with National Church Residences is significant to Wallick for several reasons, one being it provides a meaningful beachhead into Wisconsin and two being that Rivermont is the company's first community in West Virginia. As outlined in its long-term plan, Wallick hopes to pursue further geographic expansion, with an eye on growing into Pennsylvania, Missouri, Kansas, Iowa, Nebraska and Tennessee.
Granted the growth of Wallick's affordable housing portfolio is important; however, the reason behind the company's growth is what really matters— to care for more low-income families and seniors by providing decent, affordable housing that's operated by caring, compassionate associates.
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Congressman Bill Johnson Speaks at Lawrence Manor's Grand Reopening
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On Thursday, Congressman Bill Johnson was in South Point, OH to visit Lawrence Manor Apartments, an affordable senior community commending its recent renovation and grand reopening.
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Wallick's Senior Living Operations Announce Change
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To strengthen support for its growing portfolio of affordable assisted living and memory care communities, Wallick has promoted Stephanie Hess to Director of Operations.
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