Inland Real Estate Group of Companies, Inc. announced that Daniel L. Goodwin, its founder, chairman and CEO, passed away Jan. 19. He was 80.
“Dan was a pioneer and visionary in the commercial real estate industry, as well as an exceptional human being and friend,” said Robert H. Baum, Inland interim chairman, on behalf of fellow Inland principals and co-founders G. Joseph Cosenza and Robert D. Parks. “Dan’s legacy leaves an indelible mark upon the commercial real estate and investment industry and the thousands of lives he impacted through his many civic and philanthropic endeavors, especially in the areas of affordable housing, higher education and good government. On behalf of the Inland Board and over 1,000 employees across the country, our thoughts and prayers are with the Goodwin family, and we extend our deepest and most heartfelt sympathies to them during this difficult time.”
A native Chicagoan, Goodwin earned his bachelor’s and master’s degrees from Illinois public universities. Upon graduation, he went to work as a science teacher on the city’s West Side for five years before embarking on a legendary real estate career with his fellow teachers Baum, Cosenza and Parks.
Speaking about selecting real estate as his career, Goodwin once said, “My aim has always been to democratize real estate and to help all people gain access to the dignity of calling a place their home.” Since Inland’s inception in 1968, the company grew under Goodwin’s leadership into one of the nation’s largest commercial real estate, investment, and finance groups.
Collectively, Inland entities have raised more than $26 billion in capital, conducted more than $80 billion in commercial real estate transactions, sponsored more than 800 investment programs, and founded six Inland entities that either listed on or merged with a public company on the New York Stock Exchange.
Goodwin exhibited equal passion for his family, business, and his personal and philanthropic causes, for which he has received hundreds of local and national business, civic, and philanthropic awards. “In business, you are always pursuing growth and higher profits. That is how success is measured,” he once remarked. “But there is also a responsibility to do good when one has done well. For me, that is a more rewarding definition of success.”
Funeral arrangements remain private, and his family respectfully requests privacy during this time.
Consistent with Inland’s long-term succession plan, the board of directors has appointed current Inland CFO Anthony Chereso as Inland’s CEO, effective immediately. “Succeeding Dan as CEO of Inland is humbling and a great honor,” said Chereso. “Dan was an incredible leader, mentor, and friend to me for many years. I will endeavor to honor his legacy and lead our organization into the bright future he made possible.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).