Inland Appoints Industry Veteran Matthew Beverly as Head of Asset Management
Nicole Spreck
Inland CommunicationsOAK BROOK, Ill. – The Inland Real Estate Group, LLC (“Inland” or the “Company”), one of the nation’s largest vertically integrated commercial real estate investment, finance, development and operating groups with $16 billion in assets under management, today announced that Matthew Beverly has joined the Company as Head of Asset Management.
In his new role, Mr. Beverly will lead Inland’s asset management initiatives, overseeing strategies designed to enhance portfolio performance, drive value creation and support the long-term objectives of Inland’s investment platforms. He will work closely with Inland’s executive leadership team and leverage the Company’s vertically integrated real estate platform to maximize operational excellence and investor outcomes.
“Matt brings a unique combination of asset management, leasing, development and investment expertise that will be invaluable as we continue to grow our portfolio,” said Tony Chereso, CEO and President of The Inland Real Estate Companies, LLC. “His proven leadership, strategic vision and extensive experience across multiple real estate sectors make him an outstanding addition to the Inland team.”
Beverly brings more than 20 years of managing high performing, cross function real estate teams focused on asset management, investments, development, leasing and portfolio optimization. Most recently, he served as Senior Vice President of Transformco Properties, LLC, where he led value-creation initiatives involving the sale, development and leasing of the former Sears and Kmart real estate portfolio.
Throughout his career, Beverly has held numerous executive leadership positions, including Chief Executive Officer of Cullinan Properties, Ltd., which is a full-service real estate development and investment firm delivering mixed-us projects throughout the country. Prior to that, he served as President of the East Division for Retail Properties of America, Inc. (RPAI), overseeing an 8 million-square-foot portfolio generating approximately $130 million in annual net operating income and directing a $500 million mixed-use development pipeline.
Earlier in his career, Beverly served as Vice President of Investments at General Growth Properties Inc., where he executed more than $4.4 billion in acquisition, disposition and joint venture transactions both in the US and internationally.
“I am excited to join Inland and work alongside such a talented team,” said Mr. Beverly. “Inland’s longstanding reputation, vertically integrated platform and entrepreneurial culture create a tremendous opportunity to drive value across the portfolio and support the Company’s continued growth. I look forward to helping advance Inland’s asset management strategy to align real estate operations with our investment thesis at each property.”
Mr. Beverly’s appointment further strengthens Inland’s commitment to providing best-in-class real estate investment, asset management and operational capabilities across its diverse portfolio of properties and investment programs.
Mr. Beverly holds a Bachelor of Science in Finance from The University of Illinois and MBA in Finance and Strategic Management from The University of Chicago Booth School of Business.
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About The Inland Real Estate Group, LLC
The Inland Real Estate Group of Companies, Inc. (“Inland”), is one of the nation’s largest vertically integrated commercial real estate investment, finance, development, and operating groups. For nearly six decades, Inland member companies have supported investment, development, and finance products through an end-to-end suite of commercial real estate services spanning acquisitions, asset management, property management, and operations. For more information about Inland and its member companies, please visit www.inlandgroup.com.
*“Inland” refers to some or all of the entities that are or were a part of The Inland Real Estate Group of Companies, Inc., which is comprised of a group of independent legal entities, some of which may be affiliates, share some common ownership or have been sponsored and managed by such entities or subsidiaries thereof.
