WeldenField Company History


About WeldenField: Company History


More than four decades ago, brothers Charles V. and William E. Welden (standing) and the late Peter W. Field (seated), started WeldenField.


Over the years, members of the Welden and Field families have continued to build the business, which has grown into a diverse group of companies specializing in all disciplines of real estate development, construction, renovation and management.


Property Management


In 1977, Southeastern Property Management was formed to operate and manage Covington Apartments and Highland Manor, both multi-family housing communities.


SPM is now one of the leading property management and development companies in the southeastern United States managing approximately 143 multi-family communities in Alabama, Florida, Tennessee, Georgia, Mississippi, Arkansas, South Carolina, New York, California and Texas.


Renovation, Acquisition and Construction


For decades, WeldenField (WF) formed numerous businesses specializing in development, hotel management, banking, construction and finance. Tremendous growth resulted out of strategic moves made after the S&L crisis. Along with successful developments completed via Southeastern Property Development (SPD) and management with SPM, LLC, WF also owned and operated the 3rd largest FHA lender in the country: Highland Mortgage (HMC). HMC was sold to GMAC in 2005.


The deep tradition of entrepreneurial spirit continues today and has led to many new and exciting business ventures.


A Solid Reputation of Integrity, Fairness and Ingenuity


Welden Field has earned a reputation of integrity, fairness and ingenuity through generations of real estate development experience. With nationwide operations and an extensive client roster of highly satisfied clients and residents, this family-owned business has achieved a solid record of success through diligent planning, conservative financial underwriting and careful execution.





About WeldenField: Our Founders




Charles V. Welden, Jr.


Charles Welden is a founder and past Chairman of the Board of Highland Mortgage Company and Southeastern Capital Corporation, both of which are FHA approved mortgagees.  After two years in the Birmingham HUD Office as Area Counsel, he returned to the private practice of law in 1972.  He has been involved in the development, management, and ownership of numerous multi-family communities for more than 40 years, serving as developer, mortgagee, owner, contractor, managing agent and closing attorney.  These projects include apartments financed and/or subsidized by HUD/FHA/FmHA under Section 8, Section 202, 221(d)(4), 221(d)(3), 236, 223(f), 515 and other HUD programs, as well as numerous conventionally financed and tax-exempt bond financed properties.  Mr. Welden also has extensive experience in banking and land development. He is a past President and has served as a member of the Board of Directors of the National Leased Housing Association, a former member of the advisory board of the Housing and Development Reporter and has served as Vice President of the Multi-Family Housing Association.  He has been active and a frequent speaker for the National Association of Homebuilders, National Leased Housing and other organizations. Mr. Welden received his B.S. and J.D. from the University of Alabama and his MBA from Auburn University.




W. Edgar Welden


Edgar Welden is a principal in Highland Mortgage Company, Southeastern Capital Corporation and several other WeldenField companies and has more than forty years’ experience in ownership and management of real estate properties. Mr. Welden has attained the Certified Property Manager designation, which is awarded by the Institute of Real Estate Management of the National Association of Realtors to professional property managers who have distinguished themselves in the areas of experience, education and ethical conduct. He also has worked extensively with local, state and federal governmental and community service agencies. In 1987, Mr. Welden served as Acting Director of the Alabama Development Office (ADO) and the Alabama Department of Economic and Community Affairs (ADECA) and as Special Assistant to the Governor for Economic Affairs. In this regard, Mr. Welden was selected as Alabama’s Citizen of the Year for 1987 by the Alabama Broadcasters Association. Mr. Welden also serves on numerous civic and community Boards. Mr. Welden holds a degree in real estate from the University of Alabama.
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