Inland Real Estate Income Trust, Inc. Appoints Mitchell A. Sabshon as President, Effective December 31, 2016
December 19, 2016 at 03:39 pm EST
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On December 13, 2016, the board of directors of Inland Real Estate Income Trust, Inc. appointed Mitchell A. Sabshon, current chief executive officer and a member of the Board, to also serve as president effective December 31, 2016. Mitchell A. Sabshon, 63, has been a director since September 2014 and chief executive officer since April 2014. Mr. Sabshon has also served as a director of business manager since October 2013. Mr. Sabshon is also currently the chief executive officer, president and a director of sponsor, Inland Real Estate Investment Corporation, positions he has held since August 2013, January 2014 and September 2013, respectively. He is a director and the president and chief executive officer of Inland Residential Properties Trust, Inc. and its business manager, positions he has held since December 2013. Mr. Sabshon has also served as a director of Inland Private Capital Corporation since September 2013 and a director of Inland Securities Corporation since January 2014.
Inland Real Estate Income Trust, Inc. is a real estate investment trust that acquires and manages a portfolio of commercial real estate investments located in the United States. The Company invests in joint ventures or acquires other real estate assets such as office and medical office buildings, multi-family properties and industrial/distribution and warehouse facilities. It is also focused on investing in real estate-related equity securities of both publicly traded and private real estate companies, as well as commercial mortgage-backed securities (CMBS). The Company's investment properties include Newington Fair, Wedgewood Commons, Park Avenue, North Hills Square, Mansfield Shopping Center, MidTowne Shopping Center, Settlers Ridge, Pick N Save Center, Wilson Marketplace, Regal Court, Pentucket Shopping Center, Blossom Valley Plaza, Branson Hills Plaza, Walgreens Plaza, and Fox Point Plaza. The Company owns approximately 52 retail properties, totaling 7.2 million square feet.