Washington, D.C., December 19, 2017 – The Board of Directors of the Investment Program Association (“IPA”) is pleased to announce that Ella Neyland, President of Steadfast Apartment REIT III, Inc. has been named Chair-Elect for the IPA in 2018. Ms. Neyland will join Nathan Headrick, Managing Director of Triloma Financial Group, who is the incoming Chairman of the IPA on January 1, 2018. Ms. Neyland will become Chairwoman of the IPA on January 1, 2019. Mr. Headrick will succeed the IPA’s outgoing Chairman, Mitchell Sabshon, President and Chief Executive Officer of Inland Real Estate Investment Corporation.
“I am excited to work with the Board to continue the advocacy and education initiatives of the IPA. Their work with product sponsors, broker-dealers and regulators is pivotal to the development of high-quality portfolio diversifying investment products that individual investors can access to build balanced portfolios,” said Neyland. “Given the fact that many studies show that nearly half of Americans have no retirement savings, while the median retirement account balance is only $12,000 for households approaching retirement, these portfolio diversifying investments have become critically important to America’s financial well-being”
Incoming IPA Chairman Nathan Headrick commented, “Ella Neyland continues to be a tireless advocate for PDIs and an active leader on the IPA Board of Directors. She has successfully led the Steadfast family of REITs through an era of industry evolution, and I know that same visionary spirit will be an asset to the entire industry. I look forward to a dynamic partnership with Ella in 2018.”
About Investment Program Association
The IPA supports individual investor access to a variety of Portfolio Diversifying Investment (PDI) products with low correlation to the traded markets and historically available only to institutional investors, including: lifecycle real estate investment trusts (REITs), NAV and perpetual life REITs, business development companies (BDCs), interval and closed-end funds, energy and equipment leasing programs and real estate private equity offerings. PDI products have been held in the accounts of more than 3 million individual investors. They remain a critical component of an effectively balanced investment portfolio and serve an essential capital formation function for the U.S. economy. The mission of the IPA is to advocate for PDIs through education and public awareness.