Wallick Closes on Sale of Carriage Hill Apartments

 January 29, 2018 —

Late last week, Wallick closed on the sale of Carriage Hill Apartments. Carriage Hill was built in the late 1960’s in Athens, Ohio and consisted of 367 units. It was built by our founder, Jack L. Wallick, shortly after he formed Wallick Construction Co. 

As student apartments, Carriage Hill served the campus of Ohio University for the past five decades. While it was home to all students, and some non-students, it was particularly favored by many graduate and international students. 

Since Carriage Hill was the only student housing community Wallick owned or managed, the company decided to sell.  Strategically, Wallick decided several years ago to focus on two markets – affordable housing and senior living.  As a result, Wallick divested its interests in a handful of market-rate communities a few years ago, and then closed on the sale of Carriage Hill last week.

Carriage Hill has played a significant role in Wallick’s history. Jack’s children and principals of Wallick Communities, Julie Wallick and Howard Wallick, remember visiting the community as children when it was still under construction.  While we’re sad to see Carriage Hill go, we’re excited to move on to new things and watch our affordable housing and senior living portfolios grow!