20A — November 13 - 26, 2015 — Financial Digest — M id A tlantic
Real Estate Journal
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F inancial D igest
CNL’s Sittema named chairman of the board; Inland’s Sabshon named chair-elect Investment Program Association elects new leadership, board members
LLICOTT CITY, MD — As it celebrates its 30th anniversary, the Investment Program Asso- ciation (IPA) has named Tom Sittema , CEO, CNL Finan- cial Group Inc. , as chairman of the board for 2016. Sittema will lead the Board as the IPA continues to raise awareness and educate advisors, inves- tors and regulators about Di- rect Investments, including non-listed REITs (NLREITs), Business Development Com- panies (BDCs), and Oil and Gas and Equipment Leasing Programs. Mitchell Sabshon , CEO, president & director of E
sight and expertise, and know that he will guide the IPA and the industry toward future growth.” “It is my honor to serve as board chairman for the IPA during this pivotal time in our industry,” Sittema said. “For more than 30 years, the IPA has worked closely with our industry regulators and broker dealers to advance high quality alternative investment prod- ucts historically only available to institutional investors. In 2016, we remain committed to ongoing collaboration to increase transparency of our funds, and individual access
to direct investment products.” The IPA is also pleased to name Mitchell Sabshon as chair-elect. Sabshon will take over as chairman of the IPA on January 1, 2017. Hogan added, “I am pleased to know that Mitchell will be working in close partnership with Tom and the Board over the coming year, and we thank him for his continued dedication and leadership.” Also during its Fall board meeting, eight new members were voted onto its board of directors. The IPA welcomes the following executives as newly elected Board Members
for 2016: • Karen Bean , VP, invest- ment products, NFP Advisor Services, LLC • John Carter , co-CEO, Carter Validus REIT In- vestment Management Company, LLC • Denise Faber , VP, AIG Advisor Group • Alan Feldman , CEO, Resource Real Estate, Inc. • Daniel Gilbert , chief in- vestment and operating of- ficer, NorthStar Asset Man- agement Group, Ltd. • Jeff Rosenthal , execu- tive VP and chief marketing officer, Triad Advisors, Inc. • Wayne Souza , general counsel &EVP, Walton Inter- national Group (USA), Inc. • Jerry Stahlecker , ex- ecutive VP, legal and finance, Franklin Square Capital Partners They are joined by the fol- lowing current Board Mem- bers continuing their terms: • Keith Allaire , managing director, Robert A. Stanger & Co., Inc. ; • Tony Chereso , director of capital markets, United Development Funding ; • Martel Day , founder and principal, NLR Advisory Services, LLC ; • John Guthery , SVP, product management, W. P. Carey Inc. ; • Nathan Headrick , man- aging director & founder, Triloma ; • WallyKunzman , president, Kunzman & Bollinger, Inc .; • FrankMcCarthy , VP and GM, Ameriprise Financial ; • Robert FranklinMuller , Jr. , CEO and president, Pro- vasi Capital Partners ; • Charles Murray , presi- dent, Di vidend Capital Se- curities ; • Ella Neyland , president, Steadfast REIT Invest- ments, LLC ; • Ryan Parker , manag- ing director of investment & planning solutions, LPL Financial ; • Larry Roth , CEO, Cetera Financial Group ; • Mitchell Sabshon , CEO, president & director, Inland Real Estate Investment Corp. ; • Sherri Schugart , presi- dent and CEO, Hines • Kevin Shields , chairman and CEO, Griffin Capital Corporation ; • ThomasK. Sittema , CEO, CNL Financial Group Inc .; • Rosemarie Thurston , partner, Alston&Bird LLP. n
Inland Real Estate Invest- ment Corporation has been named chair-elect, and will become chairman of the as- sociation in 2017. On January 1, 2016, Sittema will succeed Kevin Shields , chairman and CEO of Griffin Capital Corporation . “The IPA’s robust advo- cacy initiatives and education platform continue to make a positive impact on the direct investments community, and our industry is poised for a new phase of product innovation,” said IPA president and CEO Kevin Hogan . “We welcome Tom Sittema’s experience, in-
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