(RealShare Chicago convenes at the Union League Club of Chicago October 23.)

OAK BROOK , IL-Thirty year Inland American veteran Thomas P. McGuinness has been named president of the locally based REIT. He will oversee the management of the company’s operations, including the strategic business plan, investment decisions, asset management and financing functions for the diverse and nationally-positioned portfolio.

That portfolio totals 48 million square feet covering all the main food groups. At the midyear point, the REIT owned, directly or indirectly through JV in which it has a controlling interest a total of 938 properties, representing approximately 48 million square feet of retail, industrial and office properties, 9,563 multifamily units and 17,899 hotel rooms.

McGuinness, who will retain his position president of Inland American Business Manager & Advisor Inc., replaces Brenda Gujral, who, according to a company statement, is stepping down from the presidency to “to concentrate on her new role as president of Inland Private Capital Corp."

“The team we have in place at Inland American has the ability and expertise to fulfill our mission of supplying our stockholders a sustainable monthly distribution and executing our business and portfolio strategy to provide our stockholders the greatest possible return,” McGuinness said in the statement.