The board of the Investment Program Association, a trade association that represents the non-traded alternative investment industry (which the association refers to as the “portfolio diversifying investments industry”), has named Ella Neyland, president of Steadfast Apartment REIT III Inc., as chair-elect for the IPA in 2018. Neyland will become chairwoman of the IPA on January 1, 2019.
Neyland will join Nathan Headrick, managing director of Triloma Financial Group, who is the incoming chairman of the IPA on January 1, 2018. Headrick will succeed the IPA’s outgoing chairman, Mitchell Sabshon, president and chief executive officer of Inland Real Estate Investment Corporation.
“I am excited to work with the board to continue the advocacy and education initiatives of the IPA. Their work with product sponsors, broker-dealers and regulators is pivotal to the development of high-quality portfolio diversifying investment products that individual investors can access to build balanced portfolios,” said Neyland.
She added, “Given the fact that many studies show that nearly half of Americans have no retirement savings, while the median retirement account balance is only $12,000 for households approaching retirement, these portfolio diversifying investments have become critically important to America’s financial well-being”
The IPA supports individual investor access to a variety of asset classes with low correlation to the traded markets and historically available only to institutional investors, including: non-traded real estate investment trusts (which the IPA calls “lifecycle REITs”), perpetual life REITs, non-traded (“lifecycle”) business development companies, interval and closed-end funds, energy and equipment leasing programs and real estate private equity offerings. The mission of the IPA is to advocate for such investments through education and public awareness.