Keith Lampi Departs Inland After Nearly 25 Years; Ella Neyland, Denise Kramer Step Into Leadership Roles

After nearly a quarter century with The Inland Real Estate Group of Companies, Keith Lampi has stepped down from his senior executive roles overseeing Inland’s alternative investment businesses, marking the end of a career that began with an internship at the firm and culminated in leadership of its expansive real estate investment platform.

In an SEC filing by IPC Alternative Real Estate Income Trust, Inc., one of Inland’s sponsored non-traded real estate investment trusts, the company disclosed that Lampi resigned as chief executive officer and chairman of the REIT’s board, effective Oct. 20, 2025, and that the departure was not due to any disagreement with the company or its affiliates.

In connection with his resignation, Ella S. Neyland – a long-time board member and real estate executive – has been named interim CEO of Inland Real Estate Investment Corporation, i.e., Inland Investments, the sponsor of Inland’s non-traded REITs and of Inland Private Capital Corporation. Neyland, who has worked closely with Inland Investments on its alternative REIT strategies in recent years, was also appointed chair of the IPC Alternative Real Estate Income Trust board.

At the REIT level, Denise Kramer has been promoted to CEO, succeeding Lampi. Kramer previously served as the REIT’s chief operating officer and lead portfolio manager since 2023, and also leads the REIT’s external adviser, IPC Alternative Real Estate Advisor LLC. She joined Inland in 2016 and has held senior leadership roles across several of its affiliates, including Inland Securities and InPoint Commercial Real Estate Income Inc.

Neyland’s acceptance of an officer position at Inland Investments temporarily reduced the REIT’s count of independent directors, prompting board member Anthony “Tony” Chereso, who was named president and CEO of The Inland Real Estate Group of Companies following the death of company founder Daniel Goodwin early last year, to step down on an interim basis until a new independent director is appointed.

Lampi’s departure represents a significant transition for Inland Investments, one of the nation’s largest managers of public and private real estate securities. Earlier this year, the firm restructured its executive ranks to unify operations across Inland Private Capital Corporation, Inland Venture Partners, and Inland Securities Corporation, reflecting Lampi’s long-term vision for “One Inland Investments.”

During his tenure, Lampi helped grow Inland Private Capital Corporation into a leading sponsor of private real estate securities programs, shaping Inland’s evolution into a dominant player in tax-advantaged, income-oriented alternative investments.

“We want to thank Keith for his contributions over the years and wish him well in his future endeavors,” said Chereso in a statement to AltsWire. “Ella’s distinguished career and deep REIT expertise make her exceptionally well-suited to guide Inland’s investment business during this transitional period.”

Inland’s member companies have collectively facilitated more than $56 billion in real estate acquisitions and currently manage approximately $17 billion in assets across 43 states.

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