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Inland REIT Appoints Mitchell Sabshon as President

The board of directors of Inland Real Estate Income Trust Inc., a publicly registered non-traded REIT, appointed Mitchell Sabshon, its current chief executive officer and a member of the board, to serve as its president effective December 31, 2016.

Sabshon is the chief executive officer, president and a director of the REIT’s sponsor, Inland Real Estate Investment Corporation. He also serves as a director, president and chief executive officer of Inland Residential Properties Trust and as a director of both Inland Private Capital Corporation and Inland Securities Corporation.

Prior to joining Inland, Sabshon served as executive vice president and chief operating officer of Cole Real Estate Investments, where he oversaw the company’s finance, property management, asset management and leasing operations.

Prior to joining Cole, he held several senior executive positions at leading financial services firms. He spent nearly 10 years at Goldman, Sachs & Co. in various leadership positions including president and CEO of Goldman Sachs Commercial Mortgage Capital. He also served as a senior vice president in Lehman Brothers’ real estate investment banking group. Prior to joining Lehman Brothers, Sabshon was an attorney in the corporate and real estate structured finance practice groups at Skadden, Arps, Slate, Meagher and Flom in New York.

Sabashon is the chair-elect of the Investment Program Association for 2016. He is also a member of the Real Estate Roundtable, the International Council of Shopping Centers, the Urban Land Institute, the Commercial Real Estate Finance Council, the Mortgage Bankers Association, and The Chicago Council on Global Affairs.

He received his undergraduate degree from George Washington University and his law degree at Hofstra University School of Law. He is a member of the New York State Bar and holds a real estate broker license in New York.

Inland Real Estate Income Trust, which invests in multi-tenant retail properties, went effective in October 2012 and closed the offering in 2015 after raising $871 million in investor equity, according to Summit Investment Research. The company owns a 6.3 million-square-foot portfolio of 56 properties with an investment cost of $1.36 billion and an occupancy rate of 95 percent.

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