Inland Appoints Industry Veteran Michael Beringer as Chief Financial Officer

OAK BROOK, Ill.--(BUSINESS WIRE)--The Inland Real Estate Group, LLC, part of The Inland Real Estate Group of Companies, Inc. (“Inland” or the “Company”) which is one of the nation’s largest commercial real estate and finance groups, announced today the appointment of Michael Beringer as its Chief Financial Officer (“CFO”).

Beringer will be responsible for managing the finance function for Inland and assisting in identifying opportunities to deploy capital across Inland’s ever expanding commercial real estate platform. As a trusted business partner to senior management, the Inland Board of Managers and other senior management team members across the Inland member companies, Beringer will help shape financial strategies and reporting across the organization. He will report to Tony Chereso, President and Chief Executive Officer of Inland, and formerly Inland’s CFO.

“Mike brings deep industry expertise and a wealth of corporate real estate financial and institutional knowledge, strategic leadership and a history of successful execution to the Company,” commented Chereso. “As we continue to invest in Inland and its member companies, Mike’s financial acumen, operational and institutional expertise will be instrumental in driving our ability to execute on our strategic growth initiatives.”

“I am thrilled to join Inland and build on its nearly six-decade long track record of integrity and expertise in the commercial real estate and finance industry,” said Beringer. “I look forward to working closely with Tony and his collaborative and dynamic team to help lead Inland toward continued growth and success.”

Beringer formerly served as the Chief Financial Officer of Sterling Bay, a national real estate investment, development and operations firm with a diverse portfolio spanning creative office, life sciences, residential and industrial assets. At Sterling Bay, he led all accounting, tax and treasury functions with a focus on strategic initiatives including redefining the budget and forecast process, system implementation and improved processes and procedures. Prior to that, he was Senior Vice President of Finance at Revantage, a Blackstone-affiliated company, where he provided strategic oversite of all finance functions including accounting, tax and treasury while partnering across Blackstone’s various portfolio companies. He has held various roles at EQ Office, a Blackstone Portfolio Company, including Senior Director of Investment Reporting. For more than 20 years he has worked in accounting and corporate finance at various real estate investment companies. Beringer received his Bachelor of Science in accounting from Millikin University and his Master of Business Administration from Northern Illinois University. He is a Certified Public Accountant (CPA) and serves on the Executive Board of the Darien Youth Club.

About The Inland Real Estate Group, LLC

“Inland” refers to some or all of the entities that are part of The Inland Real Estate Group of Companies, Inc., including The Inland Real Estate Group, LLC, 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. Inland has been creating, developing, and supporting member companies for more than 55 years that provide real estate-related investment products and commercial real estate services for both third parties and Inland member companies. For more information, visit www.inlandgroup.com.