Real Estate Development
Development focuses on two core markets:
- Affordable Housing
- Senior Living
Our goal is to provide quality housing projects that meet the needs of residents, owners and the financial goals of investors. The Development department has a combination of expertise including, but not limited to real estate development, finance, property management and ownership, construction, accounting, estimating and government/non-profit relations.
We are responsible for coordinating pre-development activities, financially structuring deals, securing gap funding, locking in equity for tax credit projects, coordinating project scope with the Construction team, organizing operations and asset management efforts, assisting in the identification of service providers and guaranteeing compliance with all federal, state and local partners.
Closing and Real Estate Management
Closing and Real Estate Management plays a strategic roll and is responsible for key components within the Wallick organization:
- Managing the closing process for all LIHTC, Senior Living and Workforce Housing projects that come through Development
- Managing Acquisitions from letter of intent through closing and onboarding that come through Asset Management
- Managing Refinance and Disposition closings that come through Asset Management
- Maintain Wallick Library and property documentation
- Real Estate Ownership and Corporate Entity Management
The team serves as an information hub and conduit across all departments, owning a critical step in every stage of the closing process and working in tandem with Development.
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