Inland Real Estate Income Trust (Inland Income Trust), a non-traded REIT sponsored by Inland Real Estate Investment Corporation, appointed two new members to its board of directors this past week.
Mitchell A. Sabshon and Bernard J. Michael bring the board of directors to a total of seven members. The other members are Daniel L. Goodwin, chairman; JoAnn McGuinness, president, chief operating officer, and a director; Lee A. Daniels, independent director; Stephen Davis, independent director; and Gwen Henry, independent director.
Mr. Michael, 54, has over 25 years of experience as a real estate attorney and is a graduate of Brown University and New York University School of Law. He is a managing partner and founding member of the privately held real estate investment, development, and management firm, AWH Partners, LLC. Before founding AWH Partners, Mr. Michael was the founder and senior partner of Michael, Levitt & Rubenstein, LLC, a law firm that focuses on real estate sales, acquisitions, development, leasing, and financing.
Mr. Sabshon, 61, has been part of Inland Investments since August 2013 and in April 2014 was appointed CEO of Inland Income Trust. Prior to joining Inland, Mr. Sabshon served as executive vice president and chief operating officer of Cole Real Estate Investments, Inc where he worked on a broad range of initiatives across the Cole Real Estate Investments organization. Before joining Cole, he held a number of senior executive positions at various financial services firms, including 10 years at Goldman, Sachs & Co.
Mr. Sabshon earned his J.D. from Hofstra University School of Law and is a graduate of George Washington University.
Inland Income Trust seeks to create a diversified portfolio of commercial real estate throughout the U.S. As of June 30, 2014, the REIT owned 20 retail properties totaling 1,115,696 square feet.