Key Takeaways
- • Matthew Fries has been named CEO and President of Inland Real Estate Investment Corporation ("Inland Investments"), reporting to Tony Chereso, CEO and President of The Inland Real Estate Companies, LLC.
- • Fries previously served as Head of Investment Products and Partner Solutions at Cetera Financial Group, and earlier as Chief Operating and Investment Officer at Questar Capital.
- • Inland Investments oversees public and private tax-advantaged real estate investment platforms for retail investors and is supported by a team of more than 1,200 employees.
- • Ella Neyland will continue in a senior leadership role and as Chair of IPC Alternative Real Estate Income Trust, Inc.
Summary
The Inland Real Estate Group, LLC, headquartered in Oak Brook, Illinois, has announced that Matthew Fries will serve as CEO and President of Inland Real Estate Investment Corporation ("Inland Investments"), according to the company's Business Wire release. Fries will report to Tony Chereso, CEO and President of The Inland Real Estate Companies, LLC. Inland Investments, which the release says was named a Top Workplace by the Chicago Tribune for the past five years, specializes in public and private tax-advantaged, growth and income real estate solutions offered to retail investors across virtually every sector of commercial real estate.
In the role, Fries will lead execution of Inland Investments' long-term business strategy, oversee its public and private investment platforms, and drive development of retail investor-focused products built on its tax-advantaged strategies and vertically integrated commercial real estate expertise. He will lead a team of more than 1,200. Ella Neyland will continue in a senior leadership capacity supporting Inland Investments and as Chair of IPC Alternative Real Estate Income Trust, Inc.
Chereso described Fries's nearly 30 years in the wealth management side of the industry, together with his expertise in the evolving alternative investment landscape, as a "one-of-a-kind" combination with Inland's more than half a century of institutional commercial real estate experience. Fries's prior roles include Head of Investment Products and Partner Solutions at Cetera Financial Group, where he oversaw product due diligence, product management and the strategic partner program, and Chief Operating and Investment Officer at Questar Capital. He currently serves on the board of ADISA, previously chaired the Institute for Portfolio Alternatives (IPA), and sits on the Alternative Investments Roundtable of SIFMA.
Fries said his priorities include expanding investment offerings, embracing innovation and delivering results for investors, citing Inland's 57-year record. According to the release, Inland member companies have conducted over $125 billion in commercial real estate transactions and sponsored more than 840 alternative investment programs since 1968.
In the role, Fries will lead execution of Inland Investments' long-term business strategy, oversee its public and private investment platforms, and drive development of retail investor-focused products built on its tax-advantaged strategies and vertically integrated commercial real estate expertise. He will lead a team of more than 1,200. Ella Neyland will continue in a senior leadership capacity supporting Inland Investments and as Chair of IPC Alternative Real Estate Income Trust, Inc.
Chereso described Fries's nearly 30 years in the wealth management side of the industry, together with his expertise in the evolving alternative investment landscape, as a "one-of-a-kind" combination with Inland's more than half a century of institutional commercial real estate experience. Fries's prior roles include Head of Investment Products and Partner Solutions at Cetera Financial Group, where he oversaw product due diligence, product management and the strategic partner program, and Chief Operating and Investment Officer at Questar Capital. He currently serves on the board of ADISA, previously chaired the Institute for Portfolio Alternatives (IPA), and sits on the Alternative Investments Roundtable of SIFMA.
Fries said his priorities include expanding investment offerings, embracing innovation and delivering results for investors, citing Inland's 57-year record. According to the release, Inland member companies have conducted over $125 billion in commercial real estate transactions and sponsored more than 840 alternative investment programs since 1968.
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