By Barbra Murray, Contributing Editor
After 13 years with the Inland Real Estate Group of Cos. Brian M. Conlon will leave his position as CEO of Inland Real Estate Investment Corp., as he retires from the commercial real estate industry.
Conlon has had no shortage of high-powered positions at Inland since he joined the company in 1999 as executive vice president of Inland Securities Corp., the dealer and manager subsidiary of Inland Investments.? In 2009, he moved up at Inland Securities to become a director and president. In January 2011, while retaining his roles at Inland Securities, Conlon accepted the appointment as president of Inland Investments, and a month later he added the title of director. And the steady rise to the top continued.
In February 2012, Conlon was tapped to serve as Inland Investments? CEO, a move that marked a major step in the company?s long-term succession planning process. Even as CEO, he continued to multi-task, holding onto his jobs as a director of Inland Investments and president and director of Inland Securities.
Conlon is departing on a high note. ?After the very successful close of our latest REIT, it just felt like the right time to retire,? he said in a prepared statement.
In August of this year, Inland Diversified Real Estate Trust Inc. completed its best efforts initial public offering, having raised in excess of $1.1 billion, $250 million of which was culled within the last 60 days of the offering.
However, Conlon is in no big hurry to bid adieu to the Inland family. As one of his parting acts, he will assist in the facilitation of a smooth transition at Inland Investments.
?Announcing my retirement early gives me the next few months to work closely with Brenda Gujral [president of Inland Private Capital Corp.] and Bob Parks [chairman and a director of Inland Investments] to select my successor, as well as provide me with the time to say goodbye to my many friends in the industry while representing Inland in the market through the remainder of the year.?
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