Our History
1990 – 2008
1990 | Richard Arendsee & Al Rabalais form WAK Management in Lewisville, TX, for purpose of purchasing and managing properties for the Arendsee Group • Bahama Glen purchased
1991 | Oak Landing condominiums purchased, redeveloped and sold over next 2 years • Roxboro House Apartments purchased • Renovation completed in 1992
1992 | Tower Bay mobile home park purchased (sold in 2007) • Holiday Hills Apartments purchased • Holiday Hills II apartments purchased
1996 | A.W. Arendsee Real Estate, Inc., established as a commercial real estate brokerage company in San Diego (sold in 2004)
1998 | Fountains apartments purchased (sold in 2019) • John Gillespie joins WAK Management • Allan Arendsee helps found Southwest Community Bank and joins their Board of Directors
1999 | Falls apartments purchased (sold in 2015)
2000 | Fountain Square apartments purchased (sold in 2019)
2003 | Del Rey Village apartments purchased (sold in 2008) • Summer Glen apartments purchased (sold in 2016) • Richard Arendsee helps found California Community Bank in Escondido, CA and is elected Chairman of the Board
2004 | Fountains Corner apartments purchased • Fountains Gardens apartments purchased (both sold in 2019)
2005 | Saint Croix apartments purchased • Summer Hill apartments purchased
2006 | Southwest Community Bank sold to Placer Sierra Bank – Allan Arendsee joins Board at Placer Sierra Bank
2007 | Placer Sierra Bank sells to Wells Fargo • Allan Arendsee joins Brandy Investments • Allan Arendsee joins Board of Directors at Seacoast Commerce Bank • The Allan & Lyndsey Arendsee Family Foundation [501()c)(3)] established to promote charitable donations by Allan & Lyndsey Arendsee and their family
2008 | Silverwood apartments purchased • Allan Arendsee elected Chairman of the Board at Seacoast Commerce Bank
2009 – Present
2012 | Trinity Meadows apartments purchased • California Community Bank sold to Regents Bank
2013 | Al Rabalais retires from WAK Management and WAK PIM, LLC is established
2014 | Autumn Breeze apartments purchased • Hulen Gardens apartments purchased
2015 | Springfield Crossing apartments purchased • KAWA Insurance, Inc. established as a licensed Texas captive insurance company • Keith Arendsee joins WAK Management and Brandy Investments
2016 | Woodlands apartments purchased
2018 | Luigi Cardillo Jr. joins WAK Management
2019 | Point Breeze apartments purchased in Nashville, TN • Purchased Heritage Hills Townhomes in Nashville • Purchased Waterford Landings in Clarksville, TN • Purchased Coventry at Cityview in Fort Worth • Jodi Spurrell joins WAK Management
2020 | Dolce Vita Apartments purchased in Arlington, TX • East Forest Park Apartments purchased in Dickson, TN • Seacoast Commerce Bank sold to Enterprise Financial Services Corp.
2021 | Construction starts on The Aria at Heritage Hills (85 units) • Extensive renovation starts at Point Breeze resulting in name change to Ascent East Nashville
2022 | Construction starts at East Forest Park II (65 units) • Bowen of Arlington purchased in Arlington • Autumn Breeze Townhomes purchased in Lewisville, TX • Allan Arendsee appointed Trustee of KAWA Trust
2023 | Construction completed at The Aria at Heritage Hills • Richard Arendsee passed away
2024 | WAK Investors dissolved • East Forest Park II completed • Arendsee Family Foundation established
2025 | Luigi Cardillo, Jr. promoted to President • Allan Arendsee appointed Trustee at University of Redlands • Lender approvals on all estate-related transfers received
