Inland Private Capital Corporation, a sponsor of tax-focused alternative investment offerings, has promoted seven executives within the its underwriting, structuring finance, capital markets, and operations divisions.
A 15-year veteran of Inland, Rachel Crabtree was promoted from investor services supervisor to assistant vice president of investor services. Inland Private said that Crabtree played a critical role in helping service the increase in new investments processed, as well as transfers of ownership and account maintenance changes.
Justin Fishman was promoted from senior financial analyst to assistant vice president of acquisitions underwriting. Fishman has experience analyzing and modeling opportunity zone developments as well as self-storage, hotel and student housing acquisitions.
Phil McAlister, who has more than 11 years of industry experience in underwriting and financial modeling, was promoted from assistant vice president of underwriting to vice president of investments. The company said that he has been instrumental in exploring new asset classes and investment opportunities.
Kyle Prokup, who played an instrumental role in IPC’s broker-dealer due diligence process, previously served as investment product analyst and was promoted to assistant vice president of capital markets.
Chris Rickett has been promoted from senior financial analyst to assistant vice president of acquisitions underwriting due to his experience in analyzing medical office and senior housing assets, as well as managing the implementation of new software and workflow processes.
A 16-year veteran of Inland Private, Kristina Stortz was promoted from assistant vice president to vice president of private placement structuring for her role in helping to deliver IPC’s investment products to market.
Ryan Vance was promoted from senior structuring analyst to assistant vice president of structure and finance due to his financial modeling and analytical skills that span from traditional real estate and financing scenarios to complex investment structures and joint venture scenarios, the company said.
“Each of these executives are dynamic and innovative leaders in their respective departments, and these promotions are well-deserved for the exceptional knowledge and experience they bring to IPC,” said Keith Lampi, president and chief operating officer of IPC.
Inland Private Capital Corporation is recognized as the largest provider of securitized 1031 exchange and specializes in offering tax-focused, private placement investments as well as qualified opportunity zone investments through the U.S. Currently, the company manages a $7.8 billion portfolio across several asset classes spanning 43 states.
As of December 31, 2019, the firm had sponsored 255 private placement real estate offerings, with investments and developments in the multifamily, self-storage, hospitality, healthcare, student housing, retail, corporate office, senior living, and industrial sectors.