ELLICOTT CITY, Md., Nov. 12, 2015 /PRNewswire/ -- As it celebrates its 30th anniversary, the Investment Program Association ("IPA") is proud to honor Daniel L. Goodwin, Principal and Chairman of The Inland Real Estate Group of Companies, Inc. ("Inland"), with its Lifetime Achievement Award. The award was recently presented at the IPA Annual Conference with more than 350 Direct Investment industry leaders in attendance.
"Dan Goodwin is the embodiment of the IPA's Lifetime Achievement Award, and of the Association itself," commented Kevin Hogan, President and CEO of the IPA. "Our ongoing mission is to lead the Direct Investments industry through advocacy, collaboration and education. Perhaps nobody in our industry has done more over their lifetime – both professionally and personally – to support those ideals. It is truly an honor to recognize Dan for a lifetime of accomplishments and leadership."
Goodwin began his career as a Chicago Public School teacher and in 1967 started doing real estate investments part-time with fellow school teachers, Joe Cosenza, Bob Baum, and Bob Parks. The business grew because of its early success and Inland was incorporated in 1968. It began offering investments through limited partnerships. By 1979 the company owned 40,000 apartment units and began using broker dealers to raise monies, altering their format from an Illinois 4G Exemption to a Regulation D security. Inland offered its first public syndications and investments nationwide in 1985, leading to increased growth and was ranked as the 12th largest privately held company in the Chicagoland area by Crain's Chicago Business in 1986. Eventually, Inland offered various additional investment formats, such as: TICs, LLCs, DSTs, and 1031 exchanges.
Inland's capital raising arm, Inland Real Estate Investment Corporation and its affiliates have raised over $21 billion in capital, sponsored 690 investment programs, and owned and managed retail, office, industrial and apartment properties in 49 states. With more than 40 years of experience in real estate investing, commercial real estate brokerage, real estate securities, land development, construction and mortgage banking and lending, Inland is one of the nation's largest commercial real estate and finance groups. Inland is the only real estate company that is a two-time recipient of the Better Business Bureau's Torch Award for Marketplace Ethics.
"It is an honor to receive the IPA's Lifetime Achievement Award," commented Dan Goodwin, Principal and Chairman of Inland. "Inland has been a founder and a supporter of the IPA since it originated in 1985. In fact, two Inland executives, Bob Parks and Martel Day, were original members of the IPA. Today, the organization continues to thrive under Kevin Hogan's leadership by advocating, educating, informing and providing essential services for the Direct Investments industry."
Goodwin is a member of the National Association of REALTORS® President's Circle, the National Association of REALTORS® Hall of Fame, the Illinois Association of REALTORS® Hall of Fame, and The Chicago Association of REALTORS® Hall of Fame. He has developed thousands of housing units in the Midwest, New England, Florida, and the Southwest. He is also the author of two nationally recognized real estate reference books for the management of multi-family residential properties. Goodwin served for 10 years on the Board of the Illinois Housing Development Authority (IHDA) Trust Fund. He was an advisor for the Office of Housing Coordination Services of the State of Illinois and was a founding member of the Illinois State Affordable Housing Conference. He also completed the definitive DuPage County Affordable Housing Study as Chairman of the DuPage County Affordable Housing Task Force. In 1994, Goodwin founded New Directions Housing Corporation, a not-for-profit developer of affordable housing for low income residents throughout Illinois and has won the National Association of REALTORS® Good Neighbor Award. Goodwin has also been Chairman and Vice Chairman of Northeastern Illinois University, Benedictine University and Springfield College.
"The IPA provides effective representation and advocacy for our industry," Goodwin stated. "I am proud to be associated with the IPA."
Click here to see a video honoring Dan Goodwin's career: https://youtu.be/95P7DEq8PhE
About The Investment Program Association
The Investment Program Association (IPA) was formed in 1985 to provide effective national leadership for the direct investment industry. The IPA supports individual investor access to a variety of asset classes not correlated to the traded markets and historically available only to institutional investors. These include public non-listed REITs (NL REITs), business development companies (BDCs), energy and equipment leasing programs, and private equity offerings. For 30 years the IPA has successfully championed the growth and improvement of such products, which have increased in popularity with financial professionals and investors alike. Direct investments are held in the accounts of more than 2 million individual investors, and the IPA's member companies operate or have properties in all 50 states. Today these investment products function as a critical component of effectively diversified investment portfolios and serve an essential capital formation function for the US economy. The mission of the IPA is advocating direct investments through education. Access the wealth of IPA educational materials here, or visit the IPA online for more information about becoming a member.
To stay up-to-date with IPA news, follow @IPADirectInvest on Twitter.
Chief Communications Officer
Investment Program Association
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SOURCE Investment Program Association (IPA)