Cathleen M. Hrtanek
About Cathleen M. Hrtanek
Cathleen M. Hrtanek, age 48, serves as Corporate Secretary of InPoint Commercial Real Estate Income, Inc. (externally managed REIT) since March 2022; she is also Chief Operating Officer of The Inland Real Estate Group, LLC since May 2024 and previously held Associate General Counsel and Senior Vice President roles at Inland . She holds a B.A. in Political Science and French from the University of Notre Dame and a J.D. from Loyola University Chicago School of Law, and is admitted to practice law in Illinois . Company performance trending during her tenure (company-level, not individual attribution) shows declining revenues and net income variability; the common stock is not publicly traded (TSR for common not applicable), while ICR-PA refers to listed Series A preferred stock .
| Metric (USD) | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Revenues | $14.774M | $12.719M | $2.791M |
| Net Income | $10.179M | -$4.438M* | $12.669M |
| Cash from Operations | $18.516M | $16.195M | $17.976M |
| Total Assets | $914.495M | $780.345M | $661.315M |
*Values retrieved from S&P Global (missing citation on this cell).
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| The Inland Real Estate Group, LLC | COO | May 2024–Present | Enterprise operations leadership across Inland platform . |
| Inland InPoint Advisor, LLC (Advisor) | Secretary | Aug 2016–Dec 2024 | Governance and documentation for external advisor supporting InPoint REIT . |
| Inland Real Estate Income Trust, Inc. (IREIT) | Secretary | Aug 2011–Present | Public REIT governance continuity . |
| Inland Diversified Real Estate Income Trust, Inc. | Secretary | Sept 2008–July 2014 | Supported governance of diversified public REIT during active portfolio phase . |
| Inland Diversified Business Manager | Secretary | Sept 2008–Mar 2016 | Oversight and governance for manager entity . |
| Inland Private Capital Corporation (IPC) | Secretary | Aug 2009–May 2017 | Governance for leading DST/private capital platform . |
| Wildman Harrold Allen & Dixon LLP | Attorney | Sept 2001–2005 | Commercial legal practice foundation . |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Inland Private Capital Corporation | Director | Feb 2024–Present | Board service at leading private real estate capital platform . |
| Inland Securities Corporation | Director | Feb 2024–Present | Board oversight at affiliated broker-dealer . |
| IPC Alternative Real Estate Advisor, LLC | Manager | Feb 2024–Present | Manager role for ALT REIT advisor entity . |
Fixed Compensation
- Executive officers (including the Secretary) are employed and compensated by the Advisor, Sub-Advisor, or their affiliates; the Company does not directly pay officer compensation and does not plan to pay compensation to its officers .
- As a result, company-level base salary, target/actual bonus, and equity awards for Ms. Hrtanek are not disclosed in the Company’s proxy; no Compensation Discussion & Analysis or compensation committee exists because officers are not paid by the Company .
Performance Compensation
- No company-paid performance-based compensation for executive officers; thus, no disclosure of metrics (TSR, revenue growth, EBITDA, ESG goals), weightings, targets, or payouts tied to Ms. Hrtanek at the Company level .
Equity Ownership & Alignment
| Holder | Shares Beneficially Owned | % of Outstanding | Notes |
|---|---|---|---|
| Cathleen M. Hrtanek | 200 | <1% | Beneficial ownership per SEC rules; total common shares outstanding were 10,117,998 as of June 25, 2025 . |
- Vested vs unvested breakdown: Not disclosed for officers (Company does not grant officer equity) .
- Options outstanding/exercisable: Not disclosed for officers at Company level .
- Hedging/Pledging: Inland’s insider trading policy prohibits hedging or monetization transactions without prior written consent; no specific company policy on hedging practices given common stock lacks an established public market; pledging not disclosed .
- Stock ownership guidelines for executives: Not disclosed .
Employment Terms
- Role and start date: Secretary since March 2022 .
- Employment agreement/severance/change-of-control economics: Not disclosed at Company level (officers compensated by Advisor/Sub-Advisor); Company indicates executives are not directly compensated, and no compensation committee exists .
- Indemnification: Company has indemnification agreements with each director and officer, including advancement of expenses subject to conditions, to the fullest extent permitted under Maryland law .
- Non-compete/non-solicit/garden leave/post-termination: Not disclosed in Company filings reviewed .
Additional Governance and Role Indicators
- Corporate Secretary duties include overseeing proxy logistics; she signed Annual Meeting materials and serves as the contact for proxy revocations .
- The Company is externally managed; Board oversight relies on Advisor/Sub-Advisor frameworks, with no employees at Company level .
Investment Implications
- Pay-for-performance alignment risk at the Company level is limited for executive officers because compensation is borne by the Advisor/Sub-Advisor, not directly by the Company; investors should evaluate Advisor/Sub-Advisor incentive structures when assessing management alignment .
- Ownership alignment for Ms. Hrtanek is modest (200 shares, <1%), suggesting limited direct economic exposure to Company common equity; no pledging disclosed, and hedging requires prior consent under affiliate policy .
- Retention/transition risk appears tied to Advisor/Sub-Advisor employment terms rather than Company-level contracts; indemnification protections are in place, but severance/CoC terms for officers are not disclosed at Company level .
- Operational performance context shows assets declining and cash from operations remaining resilient; revenue and net income volatility warrant scrutiny of external management incentives and loan fee/advisory fee structures impacting Company results .
Note: Net Income FY 2023 value marked with an asterisk indicates retrieval from S&P Global due to missing document citation.