Mitchell Sabshon is retiring from his positions of president, chief executive officer and director of Chicago’s Inland Real Estate Investment Corporation effective Feb. 1.
The company’s board of directors has appointed Keith Lampi as his successor. Sabshon will remain in his current roles at two of the publicly registered non-listed Real Estate Investment Trusts sponsored by the Company: InPoint Commercial Real Estate Income, Inc. and Inland Real Estate Income Trust, Inc.
Sabshon will work closely with Lampi to ensure a successful transition both prior to and subsequent to his retirement.
This leadership transition underscores Inland Investments’ long-term succession plan as well as its strategic vision and commitment to its investors, clients and employees for continued growth and delivering best-in-class wealth solutions and performance in the real estate investment management industry.
“Now is the right 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,” said Sabshon. “I am extremely proud of the accomplishments during my tenure as President, CEO and as a director of Inland Investments. Our leadership team, multi-product platform and expanded distribution network have positioned the Company for continued growth and market share.”
At IPC, Lampi’s more than 20-year career began as an intern during the company’s inception in 2001, where he rose over the years into IPC’s President and CEO and has helped shape the firm into a market leader in the private real estate securities industry, with more than $12.2 billion in assets under management.
Upon succeeding Sabshon, Lampi will continue in his roles at IPC as well as his positions as Chairman and CEO of the IPC Alternative Real Estate Income Trust, Inc.
