Wallick Wire
     

Wallick's 2009 by the Numbers

Despite 2009 being a challenging year for many, Wallick made a strategic, proactive commitment to invest in our company during this downturn. This work is in support of our ultimate goal to be the premier service provider of affordable, multi-family housing in the Midwest. Here are some highlights from 2009:

2 – Great companies merged
Wallick’s merger with Stern-Hendy became a reality on January 1, 2009. The result? Wallick is now Ohio’s largest owner and manager of affordable housing.

3 – New websites
We’ve also improved our online presence with a revamped corporate website, WallickCos.com, a recently unveiled resident-focused communities website, WallickCommunities.com, and an intranet site, MyWallick.com, to enhance communications with and among our 750 associates.

5 – Tax credit awards
Earlier this year, Wallick received five 9% Low Income Housing Tax Credit awards to renovate these communities:

Additionally, The Berwick – a former hotel built in 1894 – received Historic Preservation Tax Credits from the State of Ohio; and is expected to receive them from the Federal government.

14 – Communities being rehabilitated
Our team has been busy in 2009 seeking funding to rehabilitate several properties in our portfolio after being stalled in 2008 by the difficulties in the capital markets. Using a variety of federal and private funding programs, 14 affordable apartment communities are in various stages of rehabilitation. This includes Fay Apartments, an 893-unit family community in Cincinnati, which will be the largest HUD green renovation in the nation.

49 – New properties under management
In 2009, Wallick took over management of 35 properties in the Stern-Hendy merger, 10 LEADS properties and four others. These 49 properties comprise 3,971 apartments across Ohio, Indiana and western Pennsylvania. These additions bring the total portfolio under management to just shy of 12,000 units. While we’ve gotten bigger over the past year, we remain focused on being better first.

It all adds up to a landmark year for The Wallick Companies.

 
 
 

From everyone at Wallick, we wish you a happy and healthy 2010



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