Inland founder Daniel Goodwin dies at 80

Chicago native was a teacher before embarking on real estate career

Daniel Goodwin (Getty, Inland)
Daniel Goodwin (Getty, Inland)

The Inland Real Estate Group co-founder and CEO Daniel L. Goodwin died Friday at the age of 80.

A Chicago native, Goodwin began his career as a science teacher on the city’s West Side before venturing into real estate with colleagues Robert Baum, Joseph Cosenza and Robert Parks, according to a press release.

“Dan was a pioneer and visionary in the commercial real estate industry, as well as an exceptional human being and friend,”  Baum, who was made Inland’s interim chairman, said in a press release. “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.”

Goodwin’s sudden passing came as a surprise to his colleagues, Cosenza said. “It was quick, and it caught us all by surprise. Dan was a healthy guy, for gosh sakes,” he told CoStar News.

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Since its establishment in 1968, Oak Brook-based Inland under Goodwin’s leadership grew into one of the nation’s largest commercial real estate, investment, and finance groups. The company raised more than $26 billion in capital, conducted more than $80 billion in commercial real estate transactions, and founded eight REITS that listed on the New York Stock Exchange.

Goodwin’s passion extended beyond business, garnering him numerous local and national awards for his commitment to philanthropy and civic causes. Goodwin’s impact extended beyond business, as he garnered numerous awards for his commitment to philanthropy and civic causes. His philosophy on success emphasized not only pursuing growth and higher profits but also a civic responsibility.

In line with Inland’s succession plan, Chief Financial Officer Anthony Chereso has been appointed as the new CEO. Chereso has more than 30 years of experience in finance, commercial real estate, capital markets, and the alternative investment industry.

Services to honor Goodwin are scheduled for February 3 at St. Mary of Gostyn church in Downers Grove.