JoAnn McGuinness to Retire from Inland
JoAnn McGuinness, executive vice president of Inland Real Estate Investment Corporation, president and chief operating officer of Inland Real Estate Income Trust, and COO of Inland Residential Properties Trust, is retiring at the end of the year, according to filings with the Securities and Exchange Commission. As a result of her upcoming retirement, she will resign from both non-traded REITs, effective December 30, 2016, as well as from her role as executive vice president. She will continue to serve as a member of the board Inland Real Estate Income Trust.
McGuinness joined Inland in 1992 working in the multifamily/residential division, and has worked with the seven REITs sponsored by the firm. As executive vice president of Inland Real Estate Investment Corporation, the sponsor for Inland Investment products, she is responsible for all portfolio strategy, due diligence and underwriting of all assets that any Inland entity acquires. She is also responsible for identifying, analyzing and executing strategic opportunities, including mergers, valuations, portfolio acquisitions, joint ventures and liquidity events.
McGuinness earned a bachelor’s degree in business from Elmhurst College and serves on the school’s board of trustees. She holds five accreditations with the International Council of Shopping Centers and was a founding member of the Women’s Initiative Network at Inland.
Inland Real Estate Income Trust focuses on multi-tenant, necessity-based shopping centers and oversees a portfolio of 56 retail properties. The offering closed in October 2015 after raising approximately $867 million in investor equity.
Inland Residential Properties Trust, which focuses on multifamily properties in the top 100 metropolitan statistical areas in the United States, went effective in February 2015 and has raised $25.5 million in investor equity since inception.
