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Oak Brook, IL, January 11, 2024–(BUSINESS WIRE)–Inland Real Estate Investment Corporation (“Inland Investments” or the “Company”) is one of the nation’s largest investment managers of public and private real estate securities products. , today announced that Mitchell A. Subshon has made the following decisions: Mr. Lampi will retire from his position as President, CEO and Director of Inland Investment Corporation effective February 1, 2024, and the Company’s Board of Directors has appointed Mr. Keith Lampi to succeed him. Mr. Subshon owns two of his publicly registered, privately held real estate investment trusts sponsored by the Company: InPoint Commercial Real Estate Income, Inc. and Inland Real Estate Income Trust, Inc. I will continue in my current job. Mr. Subshon will continue to work closely with them. He worked with Mr. Lampi to ensure a successful transition both before and after retirement.
This leadership change not only reflects Inland Investments’ long-term succession planning, but also our strategic vision and commitment to providing investors with continued growth and best-in-class wealth solutions and performance in the real estate investment management industry. It emphasizes our commitment to our customers, customers and employees.
“On behalf of the Board of Directors, I would like to thank Mr. Mitchell for his many years of service, especially his leadership at Inland Investments,” said Chairman Daniel L. Goodwin. “He has repositioned Inland Investments as a strong competitor as the industry evolves. We look forward to a smooth transition and continued success under Keith.”
“Now is the perfect time for me to retire and embark on a new chapter in my life, so I can focus on my passions outside of work and spend more time with my family,” Subchon said. said. “I am extremely proud of my accomplishments during my tenure as president, CEO, and director of Inland Investments. Our leadership team, multiple product platforms, and expanded distribution network have positioned our company to continue to grow. I have worked closely with Keith for the past 10 years and believe he is ideal for continuing Inland Investments’ long track record of success. I am confident that he will be a great leader.”
Mr. Lampi, currently President and CEO of Inland Private Capital Corporation (“IPC”), said, “Mr. Mitchell has been a great leader and mentor for many years and will continue to serve as President and CEO of Inland Investments. I am humbled to step into his role as CEO.” ). “I would like to thank Mr. Mitchell, Dan Goodwin, the other Inland founders, and the board of directors for this wonderful opportunity.”
Mr. Lampi’s more than 20-year career with IPC began as an intern at the company’s founding in 2001, and over the years he rose to become President and CEO of IPC, helping to grow the company into a market leader in private real estate securities. . He is an industry with over $12.2 billion in assets under management. As Mr. Subshon’s successor, Mr. Lampi will continue to serve in his role at IPC and continue in his position as Chairman and CEO of IPC Alternative Real Estate Income Trust, Inc.
About Inland Real Estate Investment Corporation
Inland Real Estate Investment Corporation is a real estate securities sponsor and member of the Inland Real Estate Group of Companies, Inc. Inland Real Estate Group of Companies, Inc., headquartered in Oak Brook, Illinois, is one of the nation’s leading companies. The largest commercial real estate and finance group, with over 50 years of experience in various aspects of real estate, including property management, leasing, marketing, acquisition, real estate brokerage, development, redevelopment, construction, real estate financing and other related services. I am. Inland Real Estate Group of Companies, Inc. is comprised of independent legal entities, some of which may be affiliated with, share common ownership with, or be sponsored and managed by subsidiaries. For more information, please visit www.inland-investments.com.
View source version on businesswire.com. https://www.businesswire.com/news/home/20240111095700/ja/
contact address
Nicole Spreck, Inland Communications
(630) 586-4896 nicole.spreck@inlandgroup.com
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