Wallick Celebrates Two Year-End Closings

As we kick off the new year, we’re thrilled to spotlight two significant year-end closings that bring 170 new affordable homes to seniors in Marion, OH, and Raleigh, NC.

Both communities closed in mid-December following extensive collaboration across our teams and partners.

Harding Heights Apartments – Marion, Ohio

Wallick officially closed on Harding Heights, a new $17.3 million, 50-unit senior community (55+) in Marion, Ohio. This milestone project marks our first-ever development awarded both Federal and State Low-Income Housing Tax Credits.

Harding Heights perfectly complements our existing Marion portfolio—Harding Village and Marion Village, which serve families—allowing us to serve residents of all ages in this vibrant region.

Special thanks to our Ohio Development Team, Jimmy McCune, Matt Dennis and Graham Weidenhamer, for leading this project from vision to closing, along with Project Manager Jake Leonard.

Key partners include:

  • Merchants Capital Corp.
  • Merchants Bank of Indiana
  • Cedar Rapids Bank and Trust Company
  • Resident Resources Network
  • Ohio Housing Finance Agency
  • Argent Institutional Trust Company
  • The Sturges Company
  • Marion Township & Marion County
  • RDL Architects
  • Civil & Environmental Consultants, Inc.

Elevation of Harding Heights

Burrell Lofts – Raleigh, North Carolina

We’re equally proud to announce the closing of Burrell Lofts, a $31 million new construction senior (55+) community featuring 120 one-bedroom homes, including 12 accessible units, on 3.95 acres in downtown Raleigh.

Residents will enjoy exciting amenities including community gathering spaces, an exercise room, a computer room, a community kitchenette, laundry facilities and beautiful indoor-outdoor areas designed to foster connection and active living.

Special thanks to our North Carolina Development Team—Jake Gill, Brandon Barcena and Nate Dedrick—as well as Jeannie Clayton and Rosemarie Borrelli from our Closings Team, Construction team members Marc Harris, Richard Link, Jim McDonough, and Mike Ekis, and the valued partners whose expertise and dedication brought the vision of Burrell Lofts to life.

Key partners include:

  • Passage Home Inc.
  • MCI Hoke Street, LLC
  • North Carolina Housing Finance Agency
  • Housing Authority of the City of Raleigh, NC
  • Merchants Bank & Merchants Capital
  • City of Raleigh, NC & Wake County, NC
  • Partnership Property Management
  • Tightlines Designs
  • Mc2 Engineering
  • Argent Institutional Trust Company

Additionally, we thank the legal and financial advisors who helped bring this complex project to the closing stage.

Elevation of Burrell Lofts

We celebrate the growth of quality affordable housing for seniors in our Ohio and North Carolina regions and look forward to sharing more updates as work on these communities progresses.