PRESIDENT
Stephen B. Wellington, Jr. is founder and President of Wellington Management, Inc. (WMI). Established in 1984, this St. Paul-based commercial real estate firm currently owns and manages a 3.7 million s.f. $350 million portfolio of more than 86 properties located in 18 different Twin Cities communities. More than 600 tenants have chosen to locate in these Wellington properties. In addition to the commercial property portfolio, WMI has more recently developed four residential condominium properties comprising more than 350 housing units. WMI is currently ranked as one of the top ten real estate developers in the Twin Cities area.
Steve is a 1971 cum laude graduate of Yale University, where he received a B.A. in English Literature. He grew up in Boston, Massachusetts and moved to St. Paul in 1974. He holds a master's degree in public affairs from the University of Minnesota's Humphrey Institute and received a second master's degree from Stanford University's Graduate School of Business in 1984 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 later 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 has been an active community volunteer and civic leader. From 1993 to 1999, Steve served on the Metropolitan Council. He also served as Chair of the Midway Chamber of Commerce in 2005. He has also served as a board member of YMCA Camp Widjiwagan, the St. Anthony Park Community Foundation, District Energy St. Paul and the St. Anthony Park Bank. He is currently chair of the board of Regions Hospital and Macalester College's High Winds Fund. He also serves as secretary of the board of the Plymouth Church Neighborhood Foundation, a non-profit developer of affordable housing and as a board member of Drake Bank. He has three adult children and lives with his wife, Kathy, in the St. Anthony Park neighborhood of St. Paul.