Jim Fried of Fried On Business talks to Mark Cosenza – Senior Vice President – Inland Real Estate Acquisitions, Inc. (“IREA”). He is responsible for purchasing properties and is involved in securing financing for IREA. Cosenza began his career as a vice president of property management and acquisitions negotiator. Since joining the acquisition team in 2006, Cosenza has acquired more than 200 properties totaling more than $3 billion and more than 21 million square feet. Most notably, he completed a $424 million acquisition of 16 shopping centers from a joint venture between TIAA-CREF and Developers Diversified Realty in 2010 and the acquisition of 19 shopping centers from Australian Macquarie CountryWide Trust in 2009. Prior to joining Inland, Cosenza was a market maker at the Chicago Board of Options Exchange. Cosenza was honored in Real Estate Forum magazine’s “40 under 40” in October 2012 and is chairman emeritus of the Downers Grove Economic Development Corporation. He is also a member of the International Council of Shopping Centers and a member of the Chicago Association of REALTORS® (CAR). Cosenza is a graduate of the Kelley School of Business at Indiana University and a licensed broker in Illinois. We discuss the current conditions in the US commercial real estate investment marketplace.
Episode 364: 04-14-16