Wallick Communities

What Wallick Communities does

Wallick Communities is a privately held, employee-owned real estate company headquartered in New Albany, Ohio, that provides development, construction, property management, and asset management services for affordable housing and senior living communities across the U.S. Midwest and select Southeastern markets. Founded in 1966 by Jack Wallick as a construction firm, the company has grown to approximately 1,100 associates operating across five integrated business divisions, managing more than 200 communities encompassing roughly 15,000 apartment units. Its affordable housing operations cover subsidized programs including Section 8, HUD 202, HUD 236, USDA Rural Development, and Low-Income Housing Tax Credit (LIHTC) communities, and its senior living operations span four sub-brands (Oakleaf Village, The Crescent, The Grove, and The Ashford) offering independent living, assisted living, and memory care.

The company's competitive position rests on 60 years of operational history, 55+ years of HUD and tax credit program expertise, an Accredited Management Organization (AMO) designation, and a maintained 100.0 portfolio REAC score, alongside the #1 national ranking in affordable housing preservation per Affordable Housing Finance. Wallick derives revenue from four primary streams: third-party property management fees for affordable and workforce housing portfolios, development fees on LIHTC-financed projects, construction services for new construction, renovation, and historic preservation, and first-party asset management for institutional owners and investors. Pricing is quote-based and contract-driven, with project scale indicated by $500MM+ in annual development dollars flowing through the platform.

The company is led by CEO Amy Albery, who succeeded 15-year CEO Tom Feusse in 2021 and oversaw the April 2023 transition from family ownership to an employee-owned (ESOP) structure. Following the transition, Wallick has executed a deliberate leadership refresh, with new senior vice presidents added across Construction, Senior Living Operations, Asset Management, Affordable Housing Operations, and Marketing & Branding between 2024 and 2026. Operating geographies span Ohio, Illinois, Indiana, Kentucky, Michigan, Iowa, North Carolina, and Detroit, with a 2024 expansion into the workforce housing vertical extending the addressable market beyond traditional subsidized rental housing. The company is governed by a board that retains Wallick family representation (Howard Wallick and Julie Wallick) alongside independent directors.

Name

Wallick Communities

Legal name

Wallick Communities

Website

https://wallick.com

Company type

Private

Founded year

1966

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Wallick Communities is an employee-owned real estate firm providing development, construction, property management, and asset management services for affordable housing and senior living communities across the Midwest and select Southeastern U.S. markets, managing 200+ communities and 15,000 apartment units.

Ownership category

akta.pro rank

Product category

Affordable Housing and Senior Living Real Estate Services

NAICS

Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (6233), Assisted Living Facilities for the Elderly (623312)

SIC

Services-Facilities Support Management Services (8744), Services-Nursing & Personal Care Facilities (8050), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Independent Living Real Estate Owners/Operators (REITs & Management Companies) (HLADAAAG)

akta.pro secondary industries

Independent Living Community Development & Construction (Senior Housing Developers) (HLADAAAH), Senior Living Property Management (BPAJAGAI), Large Campus / Multi-Building Assisted Living Communities (HLADABAG)

Keywords

• Affordable housing management
• Senior living operations
• Real estate development
• Multifamily construction services
• LIHTC property administration

Headquarters

HQ city

New Albany

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Property Management Services: Full-service property management fees for affordable and workforce housing communities, including financial performance, site inspections, compliance reporting, and tenant satisfaction management.
2. Development Fees: Development fees from site selection, acquisition, design, and financing of affordable housing and senior living communities, leveraging LIHTC and OLIHTC tax credit programs.
3. Construction Services: Construction services including new construction, renovations, historic preservation, and LEED-certified construction for multi-family and senior living communities.
4. Asset Management Fees: First-party asset management including acquisition due diligence, cash flow growth, refinancing, fiscal management, investor reporting, and portfolio performance optimization.
5. Tax Credit Program Administration: Expertise in leveraging federal Low-Income Housing Tax Credit (LIHTC) and Ohio Low-Income Housing Tax Credit (OLIHTC) programs for community development financing.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Wallick Communities provides vertically integrated real estate services for affordable housing and senior living, delivering property management, development, construction, and asset management for subsidized, LIHTC, workforce, and senior living communities. The company manages 200+ communities and 15,000+ apartment units across the Midwest and operates senior living communities under brands including Oakleaf Village, The Crescent, The Grove, and The Ashford, offering independent living, assisted living, and memory care services.

Product overview

Wallick Communities operates as a diversified real estate firm offering four integrated core services: Property Management, Development, Construction, and Asset Management. The company serves two primary markets: Affordable Housing (subsidized, LIHTC, and workforce housing) and Senior Living. The senior living portfolio is organized under four distinct brands: Oakleaf Village (independent/assisted living), The Crescent (luxury independent living), The Grove (memory care), and The Ashford (assisted living and memory care across multiple Ohio locations). These branded communities operate alongside the company's affordable housing property management operations, creating a comprehensive housing platform spanning the full spectrum from workforce/subsidized housing to market-rate senior living.

Differentiator

Problem solved

Functional benefit

Brands

• Oakleaf Village: Senior living communities offering independent and assisted living in Columbus and Sylvania, Ohio
• The Crescent
• The Grove
• The Ashford

Products and services

• Property Management Full-service property management covering financial performance, site inspections, regulatory compliance, and reporting to maximize results and minimize turnover for owners of affordable and senior housing communities.
• Development End-to-end development services from site selection through acquisition, design, and financing for affordable housing, workforce housing, and senior living communities, leveraging LIHTC and OLIHTC programs.
• Construction Construction services spanning new construction, renovations, and historic preservation with end-to-end project management from budgeting through warranty tracking, including LEED-certified capabilities.
• Asset Management First-party asset management including acquisition due diligence, cash flow maximization, debt restructuring, refinancing, investor reporting, and portfolio performance optimization for affordable housing and senior living investors.
• Affordable Housing Property Management Property management for subsidized apartments including Section 8, HUD 202, HUD 236, USDA Rural Development, and LIHTC communities, with full regulatory compliance.
• Senior Living Operations Full-service senior living operations including independent living, assisted living, and memory care communities offering personalized services for residents needing assistance with daily activities.
• Oakleaf Village Senior living community brand offering independent and assisted living in Columbus and Sylvania, Ohio, focused on quality care and comfortable living for seniors.
• The Crescent Luxury independent living community in Sylvania, Ohio, offering upscale amenities and lifestyle options for seniors.
• The Grove Memory care communities in Columbus and Sylvania, Ohio, providing specialized care for residents with memory-related conditions.
• The Ashford Assisted living and memory care communities across multiple Ohio locations including Cincinnati, Columbus, Hilliard, Grove City, and Beavercreek.

Quantifiable outcome

• 100.0 portfolio REAC score maintained across managed communities
• +4 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and supporting.

• Ohio Housing Finance AgencycoreStrategic or Co-development Partner · 11 May 2026State housing finance agency that administers LIHTC and OLIHTC programs. Key partner providing tax credit financing for Wallick's affordable housing developments including Harding Heights Apartments, which was Wallick's first project financed through both federal and Ohio Low-Income Housing Tax Credits.
• Marion TownshipsupportingStrategic or Co-development PartnerLocal government partner for Harding Heights senior housing development in Marion, Ohio. Provides local support and partnership for community development projects.
• Resident Resources NetworkcoreStrategic or Co-development PartnerPartner organization that connects residents to supportive services including educational and employment assistance, health care and wellness programs, accessing public benefits, and community engagement initiatives. Supports Wallick's mission to provide more than just housing.
• RDL ArchitectssupportingTechnology or IntegrationArchitecture firm serving as part of the design team for development projects including Harding Heights Apartments. Provides architectural design services for multifamily and senior housing communities.
• Civil & Environmental Consultants, Inc.supportingTechnology or IntegrationEngineering and environmental consulting firm on development project teams. Provides civil engineering and environmental assessment services for construction and renovation projects.
• Sol Design + ConsultingsupportingTechnology or IntegrationDesign and consulting firm providing sustainable design expertise for development projects. Supports LEED-certified construction and green building initiatives.

Scale indicators13 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• The NRP Group: Cleveland-based developer, owner, and manager of affordable and workforce multifamily housing. Direct Midwest comparable to Wallick with deep LIHTC expertise, construction and property management integration, and a similarly regional scale.
• WinnCompanies: National multifamily owner, developer, and property manager with a significant affordable housing portfolio, including senior and assisted living communities. Comparable to Wallick's vertically integrated model but at substantially greater scale across geographies.
• Peabody Properties: Mid-sized affordable housing property manager with AMO-style accreditation and regional Northeast/Midwest footprint. Comparable to Wallick for third-party property management of LIHTC, HUD, and market-rate multifamily portfolios.
• Volunteers of America National Services: Nonprofit operator of affordable housing and senior living (including assisted living and memory care) communities across the U.S. Comparable to Wallick for combining subsidized housing management with senior care services under a mission-driven framework.
• National Church Residences: National nonprofit operator offering integrated affordable housing and senior living services across multiple states. Highly comparable to Wallick because both operate CCRCs, affordable housing communities, and HUD-subsidized properties with a mission-aligned, vertically integrated model.
• Conifer Realty: LIHTC-focused affordable housing developer and property manager operating in 20+ states. Highly comparable to Wallick for development, construction, and property management integration with a similar value-based approach to affordable communities.
• Atria Senior Living: National owner/operator of independent living, assisted living, and memory care communities. Comparable to Wallick's senior living portfolio (Oakleaf Village, The Crescent, The Grove, The Ashford), though Atria operates at significantly greater scale.
• Woda Cooper Companies: Affordable housing developer and property manager with senior living communities, including memory care. Comparable to Wallick in combining LIHTC development, construction, and property management under one platform serving both affordable and senior residents.
• Dominium: Affordable housing owner, developer, and manager with a deep Midwest presence. Comparable to Wallick for LIHTC expertise, integrated development-to-management model, and overlapping geography in Minnesota, Ohio, and neighboring states.

Broad incumbents

• Related Companies: Nationally significant affordable and mixed-income housing developer through Related Affordable. Larger and more geographically diversified than Wallick but competes for the same LIHTC allocations and institutional capital.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/wallick-communities

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wallick Communities