Inland Real Estate Income Trust, Inc. Announces Executive Changes
April 11, 2018 at 10:39 am
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On April 5, 2018, David Z. Lichterman's position with IREIT Business Manager & Advisor, Inc., the business manager to Inland Real Estate Income Trust, Inc. was eliminated due to a reorganization of the Business Manager's accounting department. Accordingly, the board of directors of the company removed Mr. Lichterman as a Vice President, the Chief Accounting Officer and Treasurer of the company as of April 5, 2018. The decision to eliminate Mr. Lichterman's position was not the result of any disagreement with the company on any matter relating to the company's operations, policies or practices. The Board appointed Catherine L. Lynch, the company's Chief Financial Officer, to the position of Treasurer and to assume the duties of the position of Chief Accounting Officer as of April 5, 2018. Catherine L. Lynch has served as chief financial officer since April 2014, and a director of the Business Manager since August 2011.
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.