Inland Real Estate Investment Corp. of Oak Brook, named Mitchell A. Sabshon Chief Executive Officer, succeeding Robert Parks, who will continue as chairman of the company.
Sabshon most recently served as Chief Operating Officer of Cole Real Estate Investments. He will join the company in mid-August and lead Inland as it continues to execute its long-term business strategy and capitalizes on opportunities for growth, including developing new real estate investment products, expanding its reach into new markets and new distribution channels and continuing to broaden and advance the Inland brand and market share, the company said in a release.
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"We are proud to welcome Mitchell to Inland, where his extensive experience and deeply rooted principles of integrity fit perfectly with our corporate culture," said Parks. "Mitchell's real estate investment and finance acumen and leadership experience, as well as his operational and product knowledge, will benefit our clients and investors as we continue expanding our product offerings and capabilities. We are excited about the future of our business with Mitchell at the helm."
As COO of Cole, Sabshon oversaw the company's finance, leasing, property management and asset management operations. Prior to joining Cole, Sabshon held several senior executive positions at leading financial services firms. He spent almost 10 years at Goldman, Sachs & Co. in various leadership positions, including President and CEO of Goldman Sachs Commercial Mortgage Capital. He also served as a Senior Vice President in Lehman Brothers' real estate investment banking group. Prior to joining Lehman Brothers, Mr. Sabshon was an attorney in the corporate and real estate structured finance practice groups at Skadden, Arps, Slate, Meagher & Flom in New York. He received his undergraduate degree at George Washington University and his law degree at Hofstra University School of Law.
"Inland is a pioneer in commercial real estate, and one of the industry's most respected brands. I look forward to collaborating with the leadership team to continue the expansion of Inland's businesses through the development of new world-class investment products and the execution of the company's strategic plan," Sabshon said.