Nomination and Governance Committee 

The Nomination and Governance Committee’s primary functions are to assist the Board in overseeing company governance matters, including the development of company governance guidelines; periodic evaluation of the Board, its committees and individual trustees; identification and selection of trustee nominees; and oversight of our policies and practices relating to ethical and compliance issues.

The committee is responsible for assessing the appropriate mix of skills and characteristics required of board members and shall periodically review and recommend for approval by the Board any updates to the criteria as deemed necessary. Such criteria may include integrity, independence, diversity and extent of experience, length of service, number of other board and committee memberships, leadership qualities and ability to exercise sound judgment. The committee will evaluate the qualifications of each trustee candidate against these criteria in making its recommendation to the Board concerning nominations for election or re-election as a trustee.

  • Lance Wolf 2017
    Lance R. Wolf
    Chairman of the Nomination and Governance Committee and 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.

  • 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.

  • 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.