Recently, The Inland Real Estate Group of Companies, Inc.’s (Inland) 50th Anniversary was celebrated at the Institute for Portfolio Alternatives’ (IPA) 2018 Summit in Washington, D.C. The IPA congratulated Inland for 50 years of integrity and business excellence during the conference.
“To put this in perspective, we wanted to explain how rare it is for a company to survive, grow and ultimately thrive for 50 years,” said Anthony Chereso, president and CEO of the IPA. “According to the Small Business Administration, about 66 percent of small businesses survive for two years and only 50 percent survive for five years. Additionally, a J.P. Morgan study found that only 25 percent of businesses survive for 20 years and less than 10 percent make it to 50 years.”
Bob Baum, executive vice president, general counsel and vice chairman of The Inland Real Estate Group, LLC and Joe Cosenza, vice chairman of The Inland Real Estate Group, LLC and president of Inland Real Estate Acquisitions, LLC, were in attendance to accept the honor and address the audience.
“I believe the basic reasons we’ve been able to stay together and work together for 50 years is that we respect each other, we respect each other’s ideas and most importantly we respect our 480,000 investors - and we instill this in each of our employees,” said Cosenza.
Inland is a proud member of the IPA, which provides national leadership for the direct investments industry through political and public advocacy and education.
“We recognized many years ago that we were part of an industry and community that needed to band together and needed strength as an industry,” commented Baum. “The IPA was the perfect organization for Inland to support and engage with to bring us together and give us strength.” To see Joe Cosenza and Bob Baum’s full speeches, click here.