Wellington Financial Group
(831) 624-7991 • FAX (831) 624-7994
Richardson, Texas
The following is a brief history of Wellington Financial Group, a principal in real estate investment, which should help in understanding our background, current interests and future goals.
Wellington was formed to specialize in the niche market of freestanding commercial property leased on a long-term triple net basis to credit-worthy tenants. Since 1976, the company has made a major commitment to this specialty. We have acquired and resold single locations. We have syndicated groups of this property type. Today we own a portfolio of real estate interests and are very active in this specialty.
In 1982, we began to acquire larger, multi-tenant commercial real estate. The typical property is industrial, office, retail, or some combination of these, which has a net operating income potential in excess of $5,000,000, and has a special problem that attracts our attention. It may require a quick response because of the seller’s situation; there may be intrinsic value not reflected in the current operations; specially formulated financing may be needed; or a tax solution may be required. Solving real estate financial and/or structural problems is our second specialty.
In 1988, our family founded The Harry Singer Foundation, a nonprofit private operating foundation whose purpose is to promote greater individual involvement in public policy and community building, specializing in improving education for the undeserved and introducing technology into education and preparing students for careers outside of the school atmosphere. We concentrate our education efforts at the high school level, using real estate cash flows to fund specific pilot programs. Once established, the pilots expand jointly through cooperation with other grant making and operating foundations.
As we embark on our 52nd year in the world of business, we remain committed to continued profit and nonprofit activity well into the future.
