Board of Trustees

Sterling Office and Industrial Trust operates under the direction of our Board of Trustees. The Board is responsible for the overall management and control of our affairs. Our Trustees have decades of business, real estate, property management, banking and finance experience. Each board member is also a shareholder.

Our Board of Trustees holds four scheduled meetings each year. At each meeting, the Board meets privately in executive session, without Non-Independent Trustees or members of Management present. The Board has direct access to independent experts, lawyers, accountants and others to turn to for counsel regarding specific Trust policies and activities.

The Board is deeply involved in the Trust’s risk management. As part of this process, the Board receives regular reports from Management, which include consideration of operational, financial, legal, regulatory and strategic risks facing the Trust and Partnership. The Board does not view risk in isolation, as risks are considered in virtually every business decision made and as part of our business strategy.

As a critical part of its risk management oversight role, the Board encourages full and open communication between Management and the Board of Trustees. Trustees are free to communicate directly with Management. Management also attends the Board’s regular meetings of the Board to address any questions or concerns raised by the Board regarding risk management and other related matters.

 

  • Wilbur Wright 2017
    Wilbur D. Wright
    Chairman of the Board and Executive Committee

    Wilbur D. Wright Bio

    Mr. Wright has over 40 years of experience, is a Certified Public Accountant and served as Tax Partner for Eide Bailly until his retirement in 2009. He served clients in a variety of industries, including manufacturing, banking, wholesale and retail operations and professional corporations, as well as assisting clients with business planning, tax planning and estate planning.

    Mr. Wright received a B.S. degree in Business Administration and Accounting from the University of North Dakota. Mr. Wright currently serves or has served on several boards including Family Healthcare, MState - Moorhead, NDSU Tech Park Incubator Advisory Board, F-M Symphony and the Fargo-Moorhead Chamber of Commerce. 

  • Ken Regan 2017
    Kenneth P. Regan
    Chief Executive Officer and Board Member

    Kenneth P. Regan Bio

    Mr. Regan serves as the Chief Executive Officer and Board Chair of Sterling Management, LLC. Mr. Regan has over 33 years of experience in the real estate industry. In March 1981, he cofounded the GOLDMARK companies with James Wieland.  Mr. Regan is the Chief Executive Officer, Chairman and co‑owner of GOLDMARK Property Management, Inc., one of our property management firms. He is also an owner of GOLDMARK Commercial Real Estate Inc. and GOLDMARK Development Corporation. 

    During his service to the GOLDMARK companies, Mr. Regan has been active in the acquisition, development, operation and management of multifamily and commercial real estate. Prior to co‑founding the GOLDMARK companies, he began his real estate career in 1979 with Warner and Company, located in Fargo, ND.  Prior to that, Mr. Regan worked as an Assistant National Bank Examiner for the OCC Division of the U.S. Treasury. He received a B.S.B.A. degree in Business Management from the University of North Dakota, and is a Certified Commercial Investment Member (CCIM), Certified Property Manager (CPM) and Graduate Realtors Institute (GRI). Mr. Regan is also a member of the FM Apartment Association, FM Area Association of Realtors and the National Association of Realtors. Mr. Regan also serves as Trustee and Chief Executive Officer of Sterling Multifamily Trust, a position he has held since 2007.

  • Tim Haugen 2017
    Timothy L. Haugen
    Chairman of the Audit Committee and Board Member

    Timothy L. Haugen Bio

    Mr. Haugen has over 38 years of experience in corporate and business accounting, is a Certified Public Accountant and previously served as Vice President of Orthopedics and Sports Medicine for Sanford Health, Fargo, North Dakota. 

    From 1988 to 2010, Mr. Haugen served as Administrator for the clinic and surgery center divisions of Orthopedic Associates where he was responsible for all administrative duties, including accounting, marketing, human resources, contracting, planning, payroll and accounts payable. Prior to his time with Orthopedic Associates, Mr. Haugen worked for St. Luke’s Hospital, as a Budget and Cost Accountant and for the State of North Dakota as a Tax Auditor. 

    Mr. Haugen currently serves on the boards of the Sanford Foundation and Hospice of the Red River Valley, and has previously served on the board for Vision Services of North Dakota and Community Living Services. Mr. Haugen received a B.S. degree in Business Administration from the University of North Dakota.  Mr. Haugen also serves as Trustee of Sterling Multifamily Trust, a position he has held since 2013.

  • Rup Nagala Professional Photo
    Rup K. Nagala
    Board Member

    Rup K. Nagala Bio

    Dr. Nagala is a practicing physician at Sanford Health. Prior to joining Sanford Health, he and his wife owned and operated several clinics in rural North Dakota. Dr. Nagala has been credited with creating the "hub and spoke model" for rural healthcare in North Dakota. He has also served as President of ND Academies of Family Practice, OB GYN and Interventional Pain Physicians and is Board Certified in five specialties.

    Dr. Nagala is a clinical Assistant Professor of Family Medicine and Geriatrics at the University of North Dakota, a member of the North Dakota Board of Medical Examiners, Rural Practitioner of the Year recipient and American Family Physician of the Year runner-up. 

    Dr. Nagala has been investing in real estate across the United States for over 40 years. 

  • Jim Wieland 2017
    James S. Wieland
    Board Member

    James S. Wieland Bio

    Mr. Wieland has over 34 years of experience in property investment, management, brokerage and development. In March 1981, he cofounded the GOLDMARK companies with Kenneth Regan. Mr. Wieland is the Vice President and co‑owner of GOLDMARK Property Management, Inc., one of our property managers, and is the President, Managing Partner and co‑owner of GOLDMARK Commercial Real Estate Inc. and Vice President and co‑owner of GOLDMARK Development Corporation. 

    During his service to the GOLDMARK companies, Mr. Wieland has been active in the acquisition, development, operation and management of multifamily and commercial real estate. Mr. Wieland currently serves and has served on various boards, including for Bell State Bank and Trust (since 1985), Dakota Renaissance Ventures, Space Age Technology, Jamestown Community Hospital, North Dakota State University Team Makers, NDSU College of Business, Cass County Electric Cooperative, Northern Capital Trust, Production Publications, Inc. and the Walton Bean Cooperative. Mr. Wieland received a B.S. degree in Business Economics and a Master’s degree in Agricultural Economics from the North Dakota State University. Mr. Wieland also serves on the Board of Governors of Sterling Management, LLC and as Trustee for Sterling Multifamily Trust, a position he has held since 2007.

  • Dan Wilson 2017
    Daniel M. Wilson
    Board Member

    Daniel M. Wilson Bio

    Mr. Wilson has over 34 years of experience, is a Certified Public Accountant and currently serves as Chief Financial Officer and Vice President at Corwin Automotive Group. Mr. Wilson oversees acquisitions and is partner in 9 dealership entities, one body shop and reconditioning center and various related real estate endeavors. 

    Prior to his work with Corwin Automotive Group, Mr. Wilson managed the small business services, management services and tax departments at Eide Helmeke & Co (currently Eide Bailly). Mr. Wilson received a B.S. degree in Business Administration with emphasis in Accounting from the University of Northern Colorado, Greeley, CO. Mr. Wilson has served as president of the Fargo Downtown Business Association, Fargo Country Club and has been a board member on several other community, civic and industry organizations.

  • Lance Wolf 2017
    Lance R. Wolf
    Board Member

    Lance R. Wolf Bio

    Mr. Wolf serves as the Executive Vice President and Director of Marketing and Financial Services for Gate City Bank and chairs its Compliance Committee. Prior to that, he served in various positions with Gate City Bank or its affiliates: Executive Vice President and Director of Retail Banking of Gate City Bank from 1993 to 2016; Vice President of Gate City Federal Savings Bank from 1986 to 1993; Branch Coordinator from 1983 to 1993; and Branch Manager of Gate City Federal Savings Bank from 1979 to 1983. Mr. Wolf also serves on the Open Compliance Committee for the American Bankers Association. Mr. Wolf received a B.S. degree in physical education, biology and chemistry from the North Dakota State University. Mr. Wolf also serves as Trustee for Sterling Multifamily Trust, a position he has held since 2010.