IPA’s chairman, chair-elect say industry’s future will be dynamic

The direct participation program industry appears poised for strong growth as a dynamic environment lies ahead for its products, say Investment Program Association Chairman Tom Sittema, CEO of CNL Financial Group, and Chair-elect Mitchell Sabshon, president and CEO of Inland Real Estate Investment Corp.
Sittema and Sabshon also discuss their commitment to the IPA and the association’s importance to the industry.
What is your commitment and your firm’s commitment to the IPA, and why is that important to you and to the IPA?
Sittema: CNL has been actively involved in the IPA for several years. I am currently serving as the chair, and we have had one other senior leader from CNL previously hold that position. In addition, several of our executives currently hold or have held leadership roles within the IPA or served on committees. As a leader in the industry, we feel it is vital to have our voice represented in the IPA in a variety of ways.
The industry has really come together in the last few years as we have sought to present a clear and consistent message to significant industry issues and concerns, such as the new Department of Labor regulations, Financial Industry Regulatory Authority Regulatory Notice 15-02, and new class share structures. The IPA has played a pivotal role in all of these matters and will need to continue to do so in the coming months and years.
Sabshon: Inland has an unswerving commitment to the IPA. The IPA has …