The board of directors of the Inland Real Estate Investment Corporation (Inland Investments) has appointed Keith Lampi as its next president and CEO. Headquartered in Oak Brook, Ill., Inland Investments is one of the nation’s largest investment managers of both public and private real estate securities products.
Effective Feb. 1, 2024, the news comes on the heels of Mitchell A. Sabshon’s decision to retire from his positions of president, CEO, and as a director of Inland Investments. Sabshon will work closely with Lampi to ensure a successful transition and will remain in his current roles at two of the publicly registered, non-listed real estate investment trusts sponsored by Inland Investments: InPoint Commercial Real Estate Income, Inc., and Inland Real Estate Income Trust, Inc.
This leadership transition underscores Inland Investments’ long-term succession plan as well as its strategic vision and commitment to its investors, clients, and employees for continued growth and delivering best-in-class wealth solutions and performance in the real estate investment management industry.
“On behalf of the Board of Directors, I’d like to thank Mitchell for his contributions over the years, especially in his leadership at Inland Investments,” said Daniel L. Goodwin, chairman. “As the industry has evolved, he has repositioned Inland Investments as a strong competitor. We look forward to a smooth transition and continued success under Keith.”
“I am extremely proud of the accomplishments during my tenure … Our leadership team, multi-product platform, and expanded distribution network have positioned the company for continued growth and market share. I have worked closely with Keith over the past 10 years, and I am confident he is the ideal leader to continue Inland Investments’ long-term track record of success,” said Sabshon.
“Mitchell has been a tremendous leader and mentor over the years, and I am humbled to be stepping into his roles as president and CEO of Inland Investments,” said Lampi, currently president and CEO of Inland Private Capital Corporation (IPC). “I want to thank Mitchell as well as Dan Goodwin, the other Inland founders, and the company board of directors for this incredible opportunity.”
Lampi’s more than 20-year career began as an intern during IPC’s inception in 2001. He rose over the years, becoming IPC’s president and CEO. Lampi helped shape the firm into a market leader in the private real estate securities industry, with more than $12.2 billion in assets under management. Upon succeeding Sabshon, Lampi will continue in his roles at IPC, as well as his positions as chairman and CEO of the IPC Alternative Real Estate Income Trust, Inc.
Inland Real Estate Investment Corporation is a sponsor of real estate securities and is a part of The Inland Real Estate Group of Companies, Inc. It has engaged for more than 50 years in the diverse facets of real estate such as property management, leasing, marketing, acquisition, real estate brokerage, development, redevelopment, construction, real estate financing and other related services.