July 24, 2014 12:58 PM ET

Capital Markets

Company Overview of Inland Real Estate Investment Corporation

Company Overview

Inland Real Estate Investment Corporation is a real estate investment trust based in Oak Brook, Illinois. Inland Real Estate Investment Corp. operates as a subsidiary of The Inland Real Estate Group of Companies, Inc.

2901 Butterfield Road

Suite 1

Oak Brook, IL 60523

United States

Founded in 1984

Phone:

630-218-8000

Fax:

630-218-8039

Key Executives for Inland Real Estate Investment Corporation

Chief Executive Officer
Age: 62
Chief Financial Officer and Due Diligence Director
Age: 56
Chief Operating Officer
Age: 71
Senior Vice President and Managing Director of Institutional Investments
Compensation as of Fiscal Year 2014.

Inland Real Estate Investment Corporation Key Developments

Inland Real Estate Investment Corporation Announces Executive Changes

Inland Real Estate Investment Corporation announced that Mitchell A. Sabshon has been named to the position of Chief Executive Officer, succeeding Robert Parks, who will continue as Chairman of the company. Mr. Sabshon most recently served as Chief Operating Officer of Cole Real Estate Investments. Mr. Sabshon, who will join the company in mid-August, will lead Inland as it continues to execute its long-term business strategy and capitalizes on opportunities for growth, including developing new real estate investment products, expanding its reach into new markets and new distribution channels and continuing to broaden and advance the Inland brand and market share. He spent almost 10 years at Goldman, Sachs & Co. in various leadership positions, including President and CEO of Goldman Sachs Commercial Mortgage Capital.

Inland Real Estate Investment Corporation Announces Retirement of Brian M. Conlon as Chief Executive Officer, Effective from December 31, 2012

Inland Real Estate Investment Corporation announced that Brian M. Conlon, Chief Executive Officer of the company will retire from the industry at the end of the year on December 31, 2012.

Inland Real Estate Investment Corporation Announces Appointments to its Board of Directors

Inland Real Estate Investment Corporation announced the five members of its board of directors. Inland Real Estate Income Trust is the newest company to be sponsored by Inland Real Estate Investment Corporation, sponsor of five previous REITs. The Inland Real Estate Income Trust board of directors includes: Daniel L. Goodwin, Director and Chairman of the Board. Goodwin is the chairman and chief executive officer of The Inland Real Estate Group of Companies Inc. He is a director and former chairman of the board of Inland Real Estate Corporation. He is the chairman of the NAREIT-Public Non-Listed REIT Council. He has been chairman of three bank holding companies, past chairman of Northeastern Illinois University and the current chairman of Benedictine University. JoAnn M. Armenta, Director. In addition to serving as a director, Armenta is also the president and chief operating officer of Inland Real Estate Income Trust. She currently serves as the president and chief executive officer of the entities owning the real estate managers for Inland Diversified Real Estate Trust Inc. She oversees the management, leasing, marketing and operations of Inland Diversified's properties and is also responsible for due diligence on the assets Inland Diversified purchases. Previously, she served as senior vice president of the entities owning the real estate managers for Inland American Real Estate Trust Inc. Lee A. Daniels, Independent Director. Daniels has nearly 40 years of legal and commercial real estate experience. From 2007 to 2012, Daniels was a principal of a commercial real estate firm. Daniels also founded Lee Daniels & Associates, LLC, a consulting firm for government and community relations. Stephen Davis, Independent Director. Davis has over 20 years of experience in real estate development. He has been the president of The Will Group Inc. a construction company, since founding the company in 1986. Since October 2003, Davis has also overseen property management operations for several properties owned by a family-owned real estate trust. Gwen Henry, Independent Director. Henry currently serves as the treasurer of DuPage County, Ill., and as a partner in Dugan & Lopatka, an accounting firm based in Wheaton, Ill. Since January 2012, she has served as the president of the Illinois Municipal Retirement Fund. Henry previously served as DuPage County Forest Preserve Commissioner and served as mayor of Wheaton, Ill., from March 1990 to December 2002.

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