The Wallick Companies - Construction - Property Management
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03/03/2008

CONTACT:

Robin Yocum
614.212.2344
614.378.3286 cell

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The Wallick Companies Establish
Sanford Goldston Memorial Fund

COLUMBUS, OHIO (March 3, 2008) – The Wallick Companies have established a memorial fund in the name of their late co-founder, Sanford “Sandy” Goldston, to benefit cancer research and provide assistance to residents of affordable housing.

The Wallick Companies made an initial donation to the Sanford Goldston Memorial Fund of $10,000 to get the fund established.

“When Sandy passed away on January 1, the affordable housing industry lost a leader, a proponent and a man of integrity,” said Julie Wallick, co-owner of The Wallick Companies. “At our company, we lost a dear friend and mentor. Sandy Goldston will be sadly missed.”
Goldston and his friend Jack Wallick co-founded The Wallick Companies in 1966. They combined friendship and business savvy to create one of the finest real estate companies in the country.


“Sandy and my father were two men who led by example,” said Howard Wallick, co-owner for The Wallick Companies. “Sandy was a caring and compassionate man who believed that, quite simply, you always tried to do the right thing. His legacy is one that will be difficult to follow.”


The Sanford Goldston Memorial Fund is being managed by the Columbus Jewish Foundation. Goldston and Jack Wallick were both deeply involved with the Foundation and played major roles in developing it into a respected community asset that capably supports both sectarian and nonsectarian causes. The Foundation will disburse grants to worthy cancer research and affordable housing-related causes.


Tax-deductible gifts can be made payable to the Sanford Goldston Memorial Fund and can be sent to:
Sanford Goldston Memorial Fund
c/o Columbus Jewish Foundation
1175 College Ave.
Columbus, OH 43209


Headquartered in Columbus, Ohio, The Wallick Companies operates the following business divisions: Wallick Construction, Wallick Property Management, Wallick Development and Wallick Asset Management. The companies specialize in affordable multifamily housing in the Midwest and other select regions of the U.S. Through its various operations, Wallick has developed and constructed hundreds of apartment complexes and currently manages more than 8,000 residential units in more than 80 properties. Founded in 1966 by Jack Wallick and Sandy Goldston and currently owned by Jack’s children, Howard Wallick and Julie Wallick, the family businesses adhere to their founders’ ideals of integrity and consistent quality. Additional information is available at www.wallickcos.com.

 
 

01/14/2008

CONTACT:

Robin Yocum
614.212.2344
614.378.3286 cell

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Wallick Chairman, Co-Founder
Sandy Goldston Dies at 74


COLUMBUS, OHIO – Sanford Goldston, 74, chairman and co-founder of The Wallick Companies, died Jan. 1.


“Sandy was an extraordinary man,” said Julie Wallick, co-owner of The Wallick Companies. “His contributions to our company, our industry and the tenants we serve were enormous. Not only was he a pioneer in the affordable housing industry, but he was a friend and mentor to our family, everyone at Wallick and so many throughout the industry.”


Howard Wallick, co-owner of The Wallick Companies, said, “I will personally miss Sandy, but his legacy will live on in the company he helped create and the group of extremely knowledgeable people that he mentored. Sandy prepared us to meet the challenges of the future.”


Goldston and Jack Wallick became friends while they were co-workers for a New Orleans- based construction firm. When the construction firm went under, they teamed up to form The Wallick Companies in 1966. Jack was an expert in the construction business and Goldston handled the finances.


Goldston and Wallick grew the company into one of the country’s premier affordable housing operations. When Jack Wallick died in 1995, Sandy assumed leadership of the company and remained active until his death.


Goldston was a member of the National Association of Home Builders, the National Apartment Association, the National Leased Housing Association and past president of the Columbus Apartment Association.


He is a member of the Columbus Apartment Association Hall of Fame and a recipient of the Sidney Spector Memorial Award, presented by the National Council on the Aging and the National Institute of Senior Housing, for exemplary service and dedication to the field of housing for the elderly. He was also the recipient of the Jack L. Wallick Lifetime Achievement Award.


Goldston was a 1957 graduate of Ohio State University, where he earned a bachelor’s degree in business administration. He was a Certified Public Accountant and worked for several large accounting firms before entering the real estate industry.


“To say Sandy will be missed is an understatement,” said Tom Feusse, CEO of The Wallick Companies. “Sandy was one of those unique individuals who led by example. He was a great role model and mentor and I feel privileged to have worked with him.”

Headquartered in Columbus, Ohio, The Wallick Companies operate the following business divisions: Wallick Construction, Wallick Property Management, Wallick Development and Wallick Asset Management. The companies specialize in affordable multifamily housing in the Midwest and other select regions of the U.S. Through its various operations, Wallick has developed and constructed hundreds of apartment complexes and currently manages more than 8,000 residential units in more than 80 properties. Founded in 1966 by Jack Wallick and Sandy Goldston and currently owned by Jack’s children, Howard Wallick and Julie Wallick, the family businesses adhere to their founders’ ideals of integrity and consistent quality. Additional information is available at www.wallickcos.com.

 
 

 


08/24/2007

CONTACT:

Robin Yocum
614.212.2344
614.378.3286 cell

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Wallick Reenters Development Field;
Completes Senior Leadership Team


COLUMBUS, OHIO (Aug. 27, 2007) – The Wallick Companies have filled two critical leadership roles, positioning the company to reenter the development field after a three-year hiatus.

The Wallick Companies CEO Tom Feusse today announced the hiring of Phil Brown as senior vice president of Wallick Development and Chris Nagel as corporate CFO and president of Wallick Asset Management.

Feusse said the appointments mark Wallick’s reentry into the new development arena. For the past several years the company has focused on the redevelopment of its existing properties.

“This is an exciting time for Phil, Chris and The Wallick Companies,” Feusse said. “With these hires we’re teed up to reestablish our company as a leader in the development of properties in our core market – affordable, multi-family housing in the Midwest. We are currently working on several opportunities, so Phil and Chris will hit the ground running.

“Development is the fuel that feeds the construction and property management sides of our business. Consequently, this initiative is critical to every area of our organization and to every employee.”

Brown, 39, has 14 years experience in development. Prior to joining Wallick, Brown was a principle at Westward Partners. Previously he served as managing director of Concorde Capital Corporation and was the development director of the Columbus Housing Partnership.

Nagel, 45, joins Wallick after nine years at The Scotts Miracle-Gro Company, where he was most recently the executive vice president over all North American operations. He also served as Scotts’ executive vice president and corporate CFO for three years.

As president of Wallick Asset Management, Nagel will oversee 111 real estate partnerships and properties. His responsibilities will include ensuring the positive financial performance of these properties. As corporate CFO, he will oversee the financial and information technology areas of the company.

He will begin at Wallick on October 1.

Headquartered in Columbus, Ohio, The Wallick Companies operate the following divisions: Wallick Construction, Wallick Property Management, Wallick Development and Wallick Asset Management. The companies specialize in affordable multi-family housing in the Midwest and other select regions of the U.S. Through its various operations Wallick has developed and constructed hundreds of apartment complexes and currently manages more than 8,000 residential units in more than 80 properties. Founded in 1966 by Jack Wallick and currently owned by his children, Howard Wallick and Julie Wallick, the family businesses adhere to their founder’s ideals of integrity and consistent quality. Additional information is available at www.wallickcos.com


 
 

10/03/2006

CONTACT:

Robin Yocum
614.212.2344
614.378.3286 cell

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A
Bill Lepper Named President
of Wallick Construction

COLUMBUS, OHIO – Construction veteran Bill Lepper has been named president of Wallick Construction, The Wallick Companies CEO Tom Feusse announced today.

Lepper has been with Wallick Construction for 21 years. He will oversee both Wallick Construction divisions – Midwest and Southeast.

“Anytime you can promote from within and it’s someone with Bill’s experience in the construction industry and knowledge of Wallick, it’s a real win,” Feusse said. “Bill is very well respected by our business partners in the industry and by the entire Wallick organization. I am confident he will do a great job in leading our construction business.”

Prior to joining Wallick Construction, Lepper worked eight years for his family’s company, the B.R. Lepper Construction Company in Columbus. Lepper joined Wallick Construction in 1985. In 2001, he founded Wallick Construction Southeast in Irmo, S.C., and became the new entity’s managing member and principal.

Lepper will continue to reside in South Carolina.

In addition to Lepper’s appointment, Wallick has recently strengthened its construction organization with the addition of Boris Volovetz as Vice President of Midwest Construction Operations. “Boris, like Bill, is an industry veteran and has significant experience in the specialized markets we serve,” Feusse said. “With Bill and Boris, combined with the rest of our construction team, we believe we are well positioned to continue to provide our customers the quality of service that has been the hallmark of Wallick for the past several decades.”

Headquartered in Columbus, Ohio, The Wallick Companies operates three business divisions: Wallick Construction, Wallick Property Management and Wallick Asset Management. The companies specialize in affordable multifamily housing in the Midwest and other select regions of the U.S. Through its various operations, Wallick has developed and constructed hundreds of apartment complexes and currently manages more than 8,000 residential units in more than 80 properties. Founded in 1966 by Jack Wallick and currently owned by his children, Howard Wallick and Julie Wallick, the family businesses adhere to their founder’s ideals of integrity and consistent quality. Additional information is available at www.wallickcos.com.

 
 
 
 

07/06/2006

CONTACT:

Robin Yocum
614.212.2344
614.378.3286 cell

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Click here to read the Related Article from Columbus Business First

 
 
Thomas Feusse Named CEO of The Wallick Companies

COLUMBUS, Ohio, Thomas A. Feusse has been named chief executive officer of The Wallick Companies, Wallick Chairman Sandy Goldston announced today.

Prior to joining Wallick, Feusse was the principal of Feusse Advisors LLC, a management, finance and strategy consulting firm. In that capacity, Feusse has been an advisor to Wallick's board of directors and management team for the past year. He also is an adjunct faculty member at Ohio Wesleyan University.

"This signifies the beginning of a new era for our family of companies at Wallick," Goldston said. "Tom brings to the table an acute understanding of business and knows how to build a business on a strong, strategic platform. He is the perfect person to lead Wallick back to the top of the affordable, multifamily, real estate industry."

Feusse served as senior vice president of The Scotts Company from 1998 to 2004, managing a portfolio of consumer and professional businesses in a geographic area that ranged from Canada to Latin America. During his 15-year tenure at Scotts, Feusse also:

- Led the Growing Media Business Unit, a $300 million branded soils business. Feusse had responsibility for marketing, sales, finance and business. Feusse had responsibility for marketing, sales, finance and manufacturing of an operation that had 25 production facilities and more than 1,000 associates.

- Managed Consumer Lawns, the company's largest business unit, with annual revenues of more than $500 million.

- Served as corporate controller for four years.

- Served as chief financial officer for Consumer Lawns for two years.

Prior to joining Scotts, Feusse was controller for the Hyponex Corporation and worked five years for Ernst & Young and PricewaterhouseCoopers.

"This is an exciting time for The Wallick Companies and it's energizing to be leading the charge," Feusse said. "The foundation of this company is solid and we are well positioned to build on that foundation."

Feusse completed post-graduate work at the Kellogg Graduate School of Northwestern University, has an MBA from Otterbein College and earned his bachelor's degree in accounting from Central Michigan University. He also is a certified public accountant. He serves on the board of directors of Kellogg Garden Supply and the president's advisory council for excellence at Huntington University.

Feusse assumed his responsibilities July 1.

Goldston will remain the company's full-time chairman for 2006, after which he will serve The Wallick Companies in an advisory role and as a member of the board.

"Sandy may be ramping down a little, but we're not about to let that accumulated knowledge and experience get too far away," Feusse said. "He will remain very active in our company as a trusted advisor."

Headquartered in Columbus, Ohio, The Wallick Companies operates three business divisions: Wallick Construction, Wallick Property Management and Wallick Asset Management. The companies specialize in affordable multifamily housing in the Midwest and other select regions of the U.S. Through its various operations, Wallick has developed and constructed hundreds of apartment complexes and currently manages more than 8,000 residential units in more than 80 properties. Founded in 1966 by Jack Wallick and currently owned by his children, Howard Wallick and Julie Wallick, the family businesses adhere to their founder's ideals of integrity and consistent quality. Additional information is available at www.wallickcos.com.

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05/25/2006

CONTACT:

Robin Yocum
614.212.2344
614.378.3286 cell

Click Here to Download a PDF of this Release

 
 
FOR IMMEDIATE RELEASE

Wallick Family of Companies
Returned to Family Control

COLUMBUS, OHIO – Control of the Wallick Companies, a family of property management and construction businesses founded in Columbus in 1966, has been obtained by Howard Wallick and Julie Wallick, the children of Jack L. Wallick, founder of the companies.

Jack Wallick died in 1995. Since then, control of the companies has been in a trust, managed by a voting trust and by the Wallick Companies’ board of directors.

The transition was completed on May 10.

“The past couple of years have been difficult ones for our companies,” said Howard Wallick, who plans to co-chair the board of directors with his sister. “Julie and I are excited to have this opportunity to become more intimately involved in the leadership of the Wallick Companies at this important juncture in the firm’s history.

“We are proud of what our father built, optimistic about the future of our organization and committed to its success.”

The Wallick family of companies is composed of three separate companies, which are:

• Wallick Construction Midwest, LLC – This entity specializes in the construction of residential and light commercial properties.

• Wallick Properties Midwest, LLC – This property management company has for years been the backbone of the organization. Currently, the company manages 8,200 residential units.

• Wallick Asset Management, LLC – This development and asset management business and its affiliates have overseen the development of more than 100 apartment communities.

Howard Wallick said the companies have launched a search for a new CEO. Chairman and CEO Sanford Goldston, who came out of retirement in late 2004 to help the companies emerge from financial difficulties, will remain CEO until his replacement is named.

“We are grateful for Sandy’s strong and steady leadership during this difficult period,” Julie Wallick said. “We’re now looking for a CEO to help us establish our long-term goals and lead us over the next 10 years. Sandy has agreed to help us in that search. After it’s completed, he will remain with Wallick in an advisory capacity and will continue to serve on the board.”

Moving forward, Julie Wallick said the companies will focus on their core states of Ohio, Indiana, Illinois, Kentucky, Pennsylvania and West Virginia.

Headquartered in Columbus, Ohio, the Wallick Companies construct, develop and manage residential and light commercial properties in the core states of Ohio, Indiana, Illinois, Kentucky, Pennsylvania and West Virginia. Through their various operations, the Wallick Companies have developed more than 100 apartment complexes and currently manage 8,200 residential units. Founded in 1966 by Jack L. Wallick, the family-owned businesses adhere to their founder’s ideals of integrity and consistent quality. Additional information is available at www.wallickcos.com.

 
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