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Stephen B. Wellington, Jr.

Steve Wellington is a 1971 cum laude graduate of Yale University where he earned a B.A. in English Literature. Subsequently, he received Masters degrees from the University of Minnesota's Humphrey School of Public Affairs (1976) as well as from Stanford University's Graduate School of Business (1984), the latter through a Bush Foundation Fellowship. Between 1976 and 1984, Steve worked for the City of St. Paul, first as an aide to Mayor George Latimer and then as Deputy Director for the city's Department of Planning and Economic Development. As a leading St. Paul development official, Steve was responsible for such major redevelopment projects as District Energy, Lowertown redevelopment and the establishment of the Family Housing Fund. Steve founded Wellington Management, Inc. (WMI) in 1984. During the past 36 years, WMI has developed and acquired over 100 commercial and residential properties in the Twin Cities. This 100+ building four million s.f. portfolio is currently worth over $550 million. WMI developed or substantially renovated approximately 50% of these properties. The balance of the company’s real estate has been added through acquisitions. WMI manages and leases 100% of the company’s portfolio and is currently the Twin Cities 12th largest property management company. Ninety-five percent of the company’s assets are either owned 100% by Steve or are owned through an LLC where Steve is a member. Wellington Management, Inc. has also been an active residential developer, with four completed residential condominium projects totaling 390 units and an additional 566 apartment units in projects completed or under construction. Steve has been an active community volunteer and civic leader. From 1993 to 1999, he served as a gubernatorial appointment on the Twin Cities Metropolitan Council. He also was a board member and board chair for Regions Hospital (2003 – 2012). He has been a leading advocate for affordable housing, most notably in the founding of Beacon Interfaith Housing Collaborative, a non-profit established in 1999 with 400+ units now completed. Currently, Steve chairs the board of the Drake Bank and serves as a member of the Regions Hospital Foundation. Born and raised in Boston, Massachusetts, Steve moved in 1974 with his wife, Kathy, to St. Paul where they raised three children. His son, David Wellington, is currently Executive Vice President of Wellington Management, Inc.