InvenTrust Properties Corp. acquires The Shops at Town Center in Germantown, MD, for approximately $53.6 million

OAK BROOK, Ill., 2017-Feb-25 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today (02/23/2017) announced that it has acquired The Shops at Town Center, a 125,000 square foot Safeway-anchored center located in Germantown, MD, for approximately $53.6 million.

“This transaction provides us with an opportunity to begin our expansion in the Washington, DC market,” said Michael E. Podboy, EVP – Chief Financial Officer, Chief Investment Officer of InvenTrust. “This property provides us with a strong submarket location in one of the country’s wealthiest counties, while giving us an opportunity to acquire a core grocer-anchored center located amidst a growing residential development.”

Christopher Covey, Senior Vice President of Transactions, added, “The acquisition of The Shops at Town Center is an exciting opportunity that we anticipate will drive long term value. The Shops at Town Center is an excellent fit for us as it has an exceptional geographic location, a strong tenant base, and stable cash flows. This acquisition builds on our existing strategy and will be accretive to our portfolio.”

The Shops at Town Center is located in Germantown, MD, just twenty-five miles northwest of Washington, DC. The center features national tenants such as Safeway, Chipotle, Baja Fresh, Sunco, and Verizon.

About InvenTrust Properties Corp.

InvenTrust Properties Corp. is a pure-play retail company with a focus on acquiring open-air centers with a disciplined approach, in key growth markets with favorable demographics. This acquisition strategy, along with our innovative and collaborative property management approach, ensures the success of both our tenants and business partners and drives net operating income growth for the Company. InvenTrust became a self-managed REIT in 2014 and as of September 30, 2016, is an owner and manager of 88 retail properties, representing 15.1 million square feet of retail space, and one non-core property.

Forward-Looking Statements Disclaimer

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, plans or predictions of the future and are typically identified by words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, our ability to integrate and successfully operate acquired properties and the risks associated with such properties. For further discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see our filings with the securities and Exchange Commission (“SEC”), including the Risk Factors included in our most recent Annual Report on Form 10-K, as updated by any subsequent Quarterly Report on Form 10-Q, in each case as filed with the SEC. InvenTrust intends that such forward-looking statements be subject to the safe harbors created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, except as may be required by applicable law. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Contact:
Dan Lombardo
630-570-0605
dan.lombardo@inventrustproperties.com

Source: InvenTrust Properties Corp.

InvenTrust Properties Corp. announces the appointment of Neil Soskin as SVP, Portfolio Management

OAK BROOK, Ill., 2017-Jan-27 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust” or the “Company”), today ( 01/26/2017 ) announced that Neil Soskin has been appointed Senior Vice President, Portfolio Management for InvenTrust. Mr. Soskin joins InvenTrust with more than 30 years of experience in the real estate industry, including extensive understanding of leasing, acquisitions and new development.

Mr. Soskin previously served as Vice President, Real Estate for Primestor Development Inc., which engages in the acquisition, development, rehabilitation, leasing, and management of commercial properties. Prior to Primestor, he was Vice President / Director, Western Region, at Weingarten Realty Investors, where he was responsible for leading the Western Region.

“We are pleased to welcome Neil to the InvenTrust team,” said David F. Collins, Executive Vice President, Portfolio Management. “Neil is a terrific fit, bringing years of experience in investment, portfolio management, operations, development and leasing, which will help advance our strategic plan. We are confident that Neil will help bring the InvenTrust portfolio to the next level.”

“I am impressed with the transformation of InvenTrust’s portfolio and I hope to build on that momentum,” said Mr. Soskin. “I look forward to working with Dave and the rest of the Portfolio Management team as we continue to focus and evolve our platform to focus on quality assets in Sunbelt growth markets.”

About Neil Soskin

Mr. Soskin served as Vice President, Real Estate at Primestor Development Inc. from 2011 to 2017. From 2002 to 2011, Mr. Soskin served as Vice President / Director, Western Region at Weingarten Realty Investors, an equity real estate investment trust engaging in the ownership, management, acquisition, development and redevelopment of real estate properties. Prior to this role, Mr. Soskin served as Vice President, Real Estate and Construction at SCORE! Educational Centers. Prior to this, Mr. Soskin held varying roles at Lord Associates, Independent Brokerage and Taubman Centers, Inc. Mr. Soskin received a Bachelor of Business Administration in Accounting and Finance from the University of Michigan and a Master of Business Administration in Real Estate, Strategy from the University of California, Berkeley.

About InvenTrust Properties Corp.

InvenTrust Properties Corp. is a pure-play retail company with a focus on acquiring open-air centers with a disciplined approach, in key growth markets with favorable demographics. This acquisition strategy, along with our innovative and collaborative property management approach, ensures the success of both our tenants and business partners and drives net operating income growth for the Company. InvenTrust became a self-managed REIT in 2014 and as of September 30, 2016, is an owner and manager of 88 retail properties, representing 15.1 million square feet of retail space, and one non-core property.

Forward-Looking Statements Disclaimer

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, plans or predictions of the future and are typically identified by words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, our ability to execute on our long-term strategy. For further discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see our filings with the securities and Exchange Commission (“SEC”), including the Risk Factors included in our most recent Annual Report on Form 10-K, as updated by any subsequent Quarterly Report on Form 10-Q, in each case as filed with the SEC. InvenTrust intends that such forward-looking statements be subject to the safe harbors created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, except as may be required by applicable law. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Contact:
Dan Lombardo
630-570-0605
dan.lombardo@inventrustproperties.com

Source: InvenTrust Properties Corp.

InvenTrust Properties Corp. acquires Campus Marketplace in San Marcos, California for approximately $73 million

InvenTrust Properties Corp. acquires Campus Marketplace in San Marcos, California for approximately $73 million

 

OAK BROOK, Ill., 2017-Jan-13 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today (01/10/2017) announced that it has acquired Campus Marketplace, a 144,000 square foot Ralphs- and CVS-anchored center located in San Marcos, California, for approximately $73 million.

“This transaction will allow us to continue to build our asset base and concentration in Southern California,” said Michael E. Podboy, Executive Vice President – Chief Financial Officer, Chief Investment Officer of InvenTrust. “This property provides us with additional operational economies of scale while giving us an opportunity to acquire a top grocer in one of InvenTrust’s target markets.”

Christopher Covey, Senior Vice President of Transactions, added, “Campus Marketplace is a fantastic stabilized asset that is ninety-eight percent leased. We believe this is an excellent fit for us as it has an exceptional geographic location and strong anchor tenants. This acquisition builds on our existing strategy and will be accretive to InvenTrust’s portfolio.”

Campus Marketplace is located in San Marcos, California, just thirty-five miles north of San Diego. The center has an established tenancy and features national tenants such as Ralphs, CVS, Bank of America, Starbucks, Subway, and Sport Clips.

About InvenTrust Properties Corp.

InvenTrust Properties Corp. is a pure-play retail company with a focus on acquiring open-air centers with a disciplined approach, in key growth markets with favorable demographics. This acquisition strategy, along with our innovative and collaborative property management approach, ensures the success of both our tenants and business partners and drives net operating income growth for the Company. InvenTrust became a self-managed REIT in 2014 and as of September 30, 2016, is an owner and manager of 88 retail properties, representing 15.1 million square feet of retail space, and one non-core property.

Forward-Looking Statements Disclaimer

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, plans or predictions of the future and are typically identified by words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, our ability to integrate and successfully operate acquired properties and the risks associated with such properties. For further discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see our filings with the securities and Exchange Commission (“SEC”), including the Risk Factors included in our most recent Annual Report on Form 10-K, as updated by any subsequent Quarterly Report on Form 10-Q, in each case as filed with the SEC. InvenTrust intends that such forward-looking statements be subject to the safe harbors created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, except as may be required by applicable law. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Contact:
Dan Lombardo
630-570-0605
dan.lombardo@inventrustproperties.com

Source: InvenTrust Properties Corp.

###

InvenTrust Properties Corp. announces the appointment of Adam M. Jaworski as SVP and Chief Accounting Officer

OAK BROOK, Ill., 2016-Dec-14 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust” or the “Company”), today (12/13/2016) announced the appointment of Adam M. Jaworski as Senior Vice President and Chief Accounting Officer, effective immediately.

Mr. Jaworski joins InvenTrust with more than 20 years of real estate experience in financial and accounting leadership roles and brings a deep understanding of the real estate industry. He most recently served as Chief Accounting Officer of the United States platform of Global Logistic Properties (GLP), where he was instrumental in leading the predecessor company’s initial public offering readiness efforts.

“We are pleased to welcome Adam to the InvenTrust leadership team,” said Michael Podboy, Chief Financial Officer, Chief Investment Officer of InvenTrust. “Adam’s background in real estate, along with his proven track record in enhancing companies’ financial and accounting operations, will complement the expertise of our existing finance team. Adam will provide a strong perspective on accounting and financial best practices as we continue to execute on our pure-play retail strategy. I am confident that Adam will contribute to our company and play an important role in maintaining financial and fiscal discipline at InvenTrust.”

“I am honored to join InvenTrust at this pivotal point in the Company’s development,” said Mr. Jaworski. “I look forward to leveraging my experiences and working with the talented InvenTrust management team to continue executing on the Company’s strategic objectives and creating stockholder value.”

About Adam M. Jaworski

Mr. Jaworski most recently served as Chief Accounting Officer of the United States platform of Global Logistic Properties, a global owner, manager and developer of modern logistics facilities, from 2013 to November 2016. Prior to this role, Mr. Jaworski served as a Senior Manager at Deloitte & Touche, LLP in the real estate advisory group from 2011 to 2013. He served as Corporate Controller for Waterton Associates LLC, a real estate investor and property management company, and its hotel investment and management division, Ultima Hospitality, LLC from 2007 to 2011. Mr. Jaworski has worked previously as an auditor in the field of public accounting for both Arthur Andersen, LLP and Deloitte and Touche, LLP. He has 20 years of experience in auditing and accounting. He graduated from Ball State University with a Bachelor of Science in Accounting and a Master of Arts in Organizational Development. He is a Certified Public Accountant.

About InvenTrust Properties Corp.

InvenTrust Properties Corp. is a pure-play retail company with a focus on acquiring open-air centers with a disciplined approach, in key growth markets with favorable demographics. This acquisition strategy, along with our innovative and collaborative property management approach, ensures the success of both our tenants and business partners and drives net operating income growth for the Company. InvenTrust became a self-managed REIT in 2014 and as of September 30, 2016, is an owner and manager of 88 retail properties, representing 15.1 million square feet of retail space, and one non-core property.

Forward-Looking Statements Disclaimer

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, plans or predictions of the future and are typically identified by words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain and involve known and unknown risks that are difficult to predict. Factors that may cause actual results to differ materially from current expectations include, among others, the Risk Factors included in InvenTrust’s most recent Annual Report on Form 10-K, as updated by any subsequent Quarterly Report on Form 10-Q, in each case as filed with the SEC. InvenTrust intends that such forward-looking statements be subject to the safe harbors created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, except as may be required by applicable law. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Contact:
Dan Lombardo
630-570-0605
dan.lombardo@inventrustproperties.com

Source: InvenTrust Properties Corp.

Final results of InvenTrust Properties Corp. modified “Dutch Auction” tender offer

OAK BROOK, Ill., 2016-Dec-09 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust” or the “Company”) today (12/07/2016) announced the final results of its modified “Dutch Auction” tender offer (the “Offer”), which expired at 5:00 p.m., New York Time, on December 1, 2016. The Company has accepted for purchase 89,374,686 shares of its common stock at a purchase price of $2.66 per share, for an aggregate cost of approximately $237.7 million, excluding fees and expenses relating to the Offer. The 89,374,686 shares accepted for purchase in the Offer represent approximately 10.4% of the Company’s currently issued and outstanding shares of common stock.

Based on the final count by DST Systems, Inc. (“DST”), the paying agent and the depositary for the Offer, a total of 89,374,686 shares of the Company’s common stock were properly tendered and not properly withdrawn at or below the final purchase price of $2.66 per share.

In accordance with rules promulgated by the Securities and Exchange Commission (“SEC”), the Company had the option to increase the number of shares accepted for payment in the Offer by up to 2% of the outstanding shares without amending or extending the Offer. InvenTrust exercised that option and increased the Offer by 14,186,716 shares or $37.7 million to avoid any proration for the stockholders tendering shares. These shares are included in the total shares accepted for purchase noted above.

The paying agent, DST, will promptly issue payment for shares validly tendered and accepted for purchase in accordance with the terms and conditions of the Offer. Shares tendered and not accepted for purchase will be returned promptly to stockholders.

“We believe this tender offer has provided the immediate liquidity needed by some of our stockholders, while still balancing the Company’s ability to execute on its long-term strategy,” said Tom McGuinness, CEO of InvenTrust Properties. “My team has made progress in the refinement of our retail portfolio. We are well on our way to simplifying our collection of assets and presenting a compelling financial story to the investment community. We are enthusiastic and believe in our strategy and what’s ahead.”

Important Notice

This press release is a summary provided for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any securities of the Company. The full details of the modified “Dutch Auction” tender offer, including complete instructions on how to tender shares, will be included in the offer to purchase, the letter of transmittal and other related materials, which the Company will publish, send or give to stockholders upon commencement of the tender offer, and file with the SEC. Stockholders are urged to read carefully the offer to purchase, the letter of transmittal and other related materials when they become available because they contain important information, including the terms and conditions of the Offer. Stockholders may obtain free copies of the offer to purchase, the letter of transmittal and other related materials after they are filed by the Company with the SEC at the SEC’s website at www.sec.gov. Each stockholder should consult with its tax advisor, broker, dealer, commercial bank, trust company, custodian or other nominee to evaluate the consequences of tendering or selling Shares in the Offer.

About InvenTrust Properties Corp.

InvenTrust Properties Corp. is a pure-play retail company with a focus on acquiring open-air centers with a disciplined approach, in key growth markets with favorable demographics. This acquisition strategy, along with our innovative and collaborative property management approach, ensures the success of both our tenants and business partners and drives net operating income growth for the Company. InvenTrust became a self-managed REIT in 2014 and as of September 30, 2016, is an owner and manager of 88 retail properties, representing 15.1 million square feet of retail space, and one non-core property.

Forward-Looking Statements Disclaimer

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, plans or predictions of the future and are typically identified by words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain and involve known and unknown risks that are difficult to predict. Factors that may cause actual results to differ materially from current expectations include, among others, the Risk Factors included in InvenTrust’s most recent Annual Report on Form 10-K, as updated by any subsequent Quarterly Report on Form 10-Q, in each case as filed with the SEC. InvenTrust intends that such forward-looking statements be subject to the safe harbors created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, except as may be required by applicable law. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Contact:
Dan Lombardo
630-570-0605
dan.lombardo@inventrustproperties.com

Source: InvenTrust Properties Corp.

InvenTrust Properties Corp. extends its modified “Dutch Auction” tender offer to December 1, 2016

OAK BROOK, Ill., 2016-Nov-29 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust” or the “Company”) announced today (11/28/2016) that in order to provide additional time to stockholders to submit paperwork to validly tender their shares, and to allow them to correct any paperwork submitted in error, the Company has decided to extend its modified “Dutch Auction” tender offer (the “Offer”) to 5:00 p.m. New York Time on Thursday, December 1, 2016. The Offer was previously scheduled to expire at 5:00 p.m. New York Time on Monday, November 28, 2016.

In accordance with the terms of the Offer and subject to its conditions, tendering stockholders will specify the price or prices at which they are tendering their shares, which may not be greater than $2.94 nor less than $2.45 per share. The purchase price will be the lowest price that will enable the Company to buy up to $200 million in value of its shares of common stock pursuant to the Offer. Upon expiration, payment for the shares of common stock accepted for purchase under the Offer will occur promptly in accordance with applicable law.

None of the Company, its board of directors, or DST Systems, Inc. (“DST”), in its capacity as depositary, paying agent or information agent, makes any recommendation to stockholders as to whether to tender or refrain from tendering their shares or as to the price or the prices at which they may choose to tender their shares. Each stockholder must make his, her or its own decision whether to tender shares, and if so, how many shares to tender and the price or prices at which to tender.

As of November 25, 2016, approximately 109.1 million shares have been tendered. Please note that the number of shares tendered may change significantly between such date and the new expiration date of December 1, 2016. In accordance with rules promulgated by the Securities and Exchange Commission (“SEC”), the Company may increase the number of shares accepted for payment in the Offer by up to 2% of the outstanding shares without amending or extending the Offer. This could result in the dollar value of the Offer increasing by up to approximately $42 million assuming a purchase price at the low end of the range or $51 million assuming a purchase price at the high end of the range. All shares purchased by the Company pursuant to the Offer will be purchased at the same price. InvenTrust expects to fund the tender offer with cash on hand.

Any questions or requests for assistance may be directed to DST by telephone toll free at 855-377-0510. Requests for copies of the offer to purchase, the letter of transmittal or other tender offer materials may be directed to the information agent and such copies will be furnished promptly at the Company’s expense. Stockholders may also want to consider contacting their broker dealer, commercial bank, trust company, custodian or other nominee for assistance concerning the Offer.

Important Notice

This press release is a summary provided for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any securities of the Company. The full details of the modified “Dutch Auction” tender offer, including complete instructions on how to tender shares, will be included in the offer to purchase, the letter of transmittal and other related materials, which the Company will publish, send or give to stockholders upon commencement of the tender offer, and file with the SEC. Stockholders are urged to read carefully the offer to purchase, the letter of transmittal and other related materials when they become available because they contain important information, including the terms and conditions of the Offer. Stockholders may obtain free copies of the offer to purchase, the letter of transmittal and other related materials after they are filed by the Company with the SEC at the SEC’s website at www.sec.gov. Each stockholder should consult with its tax advisor, broker, dealer, commercial bank, trust company, custodian or other nominee to evaluate the consequences of tendering or selling Shares in the Offer.

About InvenTrust Properties Corp.

InvenTrust became a self-managed REIT in 2014 and as of September 30, 2016, is an owner and manager of 88 retail properties, representing 15.1 million square feet of retail space, and one non-core property.

Forward-Looking Statements Disclaimer

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, plans or predictions of the future and are typically identified by words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain and involve known and unknown risks that are difficult to predict. Factors that may cause actual results to differ materially from current expectations include, among others, the Risk Factors included in InvenTrust’s most recent Annual Report on Form 10-K, as updated by any subsequent Quarterly Report on Form 10-Q, in each case as filed with the SEC. InvenTrust intends that such forward-looking statements be subject to the safe harbors created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, except as may be required by applicable law. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Contact:
Dan Lombardo
630-570-0605
dan.lombardo@inventrustproperties.com

Source: InvenTrust Properties Corp.

InvenTrust Properties Corp. appoints Michael A. Stein and Scott A. Nelson to its Board of Directors

OAK BROOK, Ill., 2016-Nov-11 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today (11/10/2016) announced the appointment of Michael A. Stein and Scott A. Nelson to InvenTrust’s Board of Directors. Mr. Stein currently serves on the Board of Apartment Investment and Management Company (AIMCO) and was formerly Chief Financial Officer of Nordstrom, Inc. and Marriott International, Inc. Mr. Nelson is a 35-year retail industry veteran who recently held various Senior Vice President positions at Target and the founding Principal of SAN Prop Advisors, a retail real estate advisory firm. With the addition of these independent directors, InvenTrust’s Board will be expanded from six to eight directors.

“Michael and Scott bring significant real estate and retail acumen to the Board,” said Thomas P. McGuinness, President and Chief Executive Officer of InvenTrust. “We believe that Michael’s financial expertise and Scott’s years of relevant industry experience in retail and real estate will provide additional strength to the Board as we move forward in executing our strategic plan.”

“We welcome Michael and Scott to the Board and look forward to benefiting from their contributions and insights,” said J. Michael Borden, Chairman of the Board of InvenTrust Properties. “We have made significant progress in recent years as part of InvenTrust’s plan to become a pure-play retail REIT and I look forward to working with Michael and Scott and the rest of the Board as we continue to execute on our long-term portfolio strategy.”

InvenTrust’s Board believes that Mr. Stein will be a valuable addition to the Board, given Mr. Stein’s background as a retail business executive and financial expert with 40 years of diverse experience, including public accounting, chief financial officer positions at large public companies, and Board service at public companies. The Company’s Board also believes that Mr. Nelson will provide valuable insight and advice to the Company based on his extensive experience in the retail real estate industry developing acquisition strategies, navigating market complexities, and leveraging real estate to fulfill corporate growth objectives for one of the largest retailers in America.

Mr. Stein commented, “It is an honor to join the InvenTrust Board. This is an exciting time at the Company, and I am eager to begin collaborating with the other members of the Board to continue to execute on InvenTrust’s strategy for the benefit of all stockholders.”

Mr. Nelson added, “The Company has a strong foundation and a clear, differentiated strategy for growth. I am excited about working with the Board, Thomas, and the rest of the management team to help InvenTrust expand its business and achieve its full potential.”

About Michael A. Stein

Mr. Stein served as Senior Vice President and Chief Financial Officer of ICOS Corporation, a biotechnology company, from 2001 until its acquisition by Eli Lilly in 2007. Prior thereto, Mr. Stein was Executive Vice President and Chief Financial Officer of Nordstrom, Inc. from 1998 to 2000, and served in various capacities with Marriott International, Inc. from 1989 to 1998, including Executive Vice President and Chief Financial Officer from 1993 to 1998. Previously, Mr. Stein spent nearly 20 years at Arthur Andersen LLP, where he was a Partner. Mr. Stein has served on the Board of Directors of Apartment Investment and Management Company (AIMCO), a New York Stock Exchange listed public real estate investment trust focused on the ownership and management of apartment communities located in large markets in the United States, since 2004. He is currently the chairman of the audit committee and a member of the compensation and human resources, nominating and corporate governance, and redevelopment and construction committees at AIMCO. He has also served on the Board of Directors of Providence Health & Services, a not-for-profit health system, from 2008 to 2016, and the Boards of Nautilus, Inc., Getty Images, Inc. and Fred Hutchinson Cancer Research Center. Mr. Stein has a Bachelor of Science degree from the University of Maryland.

About Scott A. Nelson

Mr. Nelson is Principal of SAN Prop Advisors, a retail real estate advisory firm that he started in early 2016. Past and current clients of SAN Prop Advisors include Target, a major European retailer and a large U.S. developer. Prior thereto, he served in various real estate capacities, including senior vice president positions, at Target Corporation, a general merchandise retailer, since 1995. Most recently, he served as Senior Vice President Target Properties from 2014 to 2016, and Senior Vice President, Target Real Estate from 2007 to 2014. In these roles, he was instrumental in the acquisition, development and optimization of Target’s retail real estate portfolio. Previously, Mr. Nelson spent 10 years at Mervyn’s, a West Coast department store where he served in various positions including Director of Real Estate. He has a CRX (Certified Retail Property Executive) designation from the International Council of Shopping Centers. Since 2009, Mr. Nelson has served as a board member of Heart of America, a non-profit focused on volunteering and learning environments in schools. Mr. Nelson received a Bachelor of Arts degree and a Master of Science degree from the University of Minnesota.

ABOUT INVENTRUST PROPERTIES CORP.

InvenTrust Properties Corp. is a pure-play retail company with a focus on acquiring open-air centers with a disciplined approach, in key growth markets with favorable demographics. This acquisition strategy, along with our innovative and collaborative property management approach, ensures the success of both our tenants and business partners and drives net operating income growth for the Company. InvenTrust became a self-managed real estate investment trust in 2014 and, as of September 30, 2016, is an owner and manager of 88 multi-tenant retail properties, comprising 15.1 million square feet of retail space.

Forward-Looking Statements Disclaimer

Forward-looking statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, representation, plans or predictions of the future and are typically identified by words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, our ability to execute on our strategy, build our retail platform and position our Company for growth. For further discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see the Risk Factors included in our most recent Annual Report on Form 10-K, as updated by any subsequent Quarterly Report on Form 10-Q, in each case as filed with the Securities and Exchange Commission. We intend that such forward-looking statements be subject to the safe harbors created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, except as may be required by applicable law. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

MEDIA CONTACT:
InvenTrust Properties Corp.
Dan Lombardo
630-570-0605
dan.lombardo@InvenTrustProperties.com

Source: InvenTrust Properties Corp.

InvenTrust Properties Corp. acquires 61,000 square foot Northcross Commons in Huntersville, NC for approximately $31 million

OAK BROOK, Ill., 2016-Oct-20 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust or “the Company”) today (10/18/2016 ) announced that it has acquired Northcross Commons, a 61,000 square foot Whole Foods-anchored center located in Huntersville, NC, part of the Charlotte, NC metropolitan statistical area (“MSA”), for approximately $31 million.

“The property will improve our asset base and provide us with additional economies of scale in the Charlotte market. Northcross Commons builds on our hub-and-spoke strategy and is accretive to InvenTrust’s portfolio.” said Michael E. Podboy, Executive Vice President – Chief Financial Officer, Chief Investment Officer of InvenTrust.

Christopher Covey, Senior Vice President of Transactions, added, “Northcross Commons is a fantastic addition to our existing Charlotte MSA properties, which include Poplin Place in Monroe and Sycamore Commons in Matthews. We believe this asset possesses the ideal combination of internet proof retailers, geographic location and demographics that will drive significant value over the long term to our investors. This acquisition is an excellent fit for us as it is a high performing grocer anchored asset in a location with a strong outlook for growth.”

Northcross Commons is located in Huntersville, NC, in the Charlotte MSA, just 15 miles north of downtown Charlotte.

ABOUT INVENTRUST PROPERTIES CORP.

InvenTrust Properties Corp. is a pure-play retail company with a focus on acquiring open-air centers with a disciplined approach, in key growth markets with favorable demographics. This acquisition strategy, along with our innovative and collaborative property management approach, ensures the success of both our tenants and business partners and drives net operating income growth for the Company. InvenTrust became a self-managed real estate investment trust in 2014 and, as of June 30, 2016, is an owner and manager of 91 multi-tenant retail properties, comprising 15.7 million square feet of retail space.

Forward-Looking Statements Disclaimer

Forward-looking statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, representation, plans or predictions of the future and are typically identified by words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, our ability to integrate and successfully operate acquired properties and the risks associated with such properties. For further discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see our filings with the Securities and Exchange Commission, including the Risk Factors included in our most recent Annual Report on Form 10-K. We intend that such forward-looking statements be subject to the safe harbors created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, except as may be required by applicable law. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Contact:
Dan Lombardo
630-570-0605
dan.lombardo@InvenTrustProperties.com

Source: InvenTrust Properties Corp.

InvenTrust Properties Corp. acquires Windward Commons a Kroger-anchored retail center in Alpharetta, GA

OAK BROOK, Ill., 2016-Sep-05 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust or “the Company”) today (09/01/2016) announced that it has acquired Windward Commons, a 99% occupied, 117,234 square foot Kroger-anchored retail center in Alpharetta, GA, for $27.65 million.

“We are excited to announce the acquisition of Windward Commons, a premier retail center in one of the nation’s fastest-growing MSAs, anchored by the nation’s largest grocer,” said Michael E. Podboy, Executive Vice President – Chief Financial Officer, Chief Investment Officer of InvenTrust. “Windward Commons represents an attractive opportunity for InvenTrust to increase its presence in an affluent submarket location with favorable job, population and income demographics.”

Christopher Covey, Senior Vice President of Transactions, added, “Windward Commons is located at one of the area’s busiest intersections on a main thoroughfare connecting downtown Atlanta with the northern suburbs. A stable tenant base and long average tenant duration are added benefits of this property. The acquisition of Windward Commons is an exciting opportunity that we anticipate will drive long term value for our investors.”

Windward Commons is located approximately 29 miles north of Atlanta’s central business district. The retail center is anchored by Kroger with other tenants including Hallmark, Roasters and Ippolito’s Italian Restaurant.

ABOUT INVENTRUST PROPERTIES CORP.
InvenTrust Properties Corp. is a pure-play retail company with a focus on acquiring open-air centers with a disciplined approach, in key growth markets with favorable demographics. This acquisition strategy, along with our innovative and collaborative property management approach, ensures the success of both our tenants and business partners and drives net operating income growth for the Company. InvenTrust became a self-managed real estate investment trust in 2014 and, as of June 30, 2016, is an owner and manager of 91 multi-tenant retail properties, comprising 15.7 million square feet of retail space.

Forward-Looking Statements Disclaimer
Forward-looking statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, representation, plans or predictions of the future and are typically identified by words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, our ability to integrate and successfully operate acquired properties and the risks associated with such properties. For further discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see our filings with the Securities and Exchange Commission, including the Risk Factors included in our most recent Annual Report on Form 10-K. We intend that such forward-looking statements be subject to the safe harbors created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, except as may be required by applicable law. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Contact:
Dan Lombardo
630-570-0605
dan.lombardo@InvenTrustProperties.com

Source: InvenTrust Properties Corp.

InvenTrust Properties Corp. acquires Old Grove Marketplace a grocery-anchored community center in Oceanside, California

OAK BROOK, Ill., 2016-Aug-31 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today ( 08/29/2016) announced that it has acquired Old Grove Marketplace, a 91% leased, 81,279 square foot grocery anchored community center located in Oceanside, California, for approximately $23.25 million.

“We are excited to announce the acquisition of Old Grove Marketplace, a center with a core grocer in a highly attractive and fast-growing Californian market,” said Michael E. Podboy, Executive Vice President – Chief Financial Officer, Chief Investment Officer of InvenTrust. “The property’s rental rates and income demographics are accretive to our portfolio averages and we believe that this acquisition will help to provide operational economies of scale as the Company continues to build its California asset base.”

Christopher Covey, SVP of Transactions, added, “Old Grove Marketplace is advantageously situated in the third largest city in San Diego County, in an area with a number of established employers as well as a frequented U.S. Military base. We believe this property possesses the ideal combination of established retailers, geographic location and demographic attributes in order to drive significant long term value for our stockholders.”

Old Grove Marketplace is a grocery-anchored community center located in Oceanside, CA, just 35 miles north of San Diego. The property is anchored by Kroger’s Ralphs brand and Lowe’s. Originally built in 2005, the property also features other national tenants such as US Bank, Starbucks, Subway, H&R Block, AT&T, McDonald’s and Shell.

ABOUT INVENTRUST PROPERTIES CORP.
InvenTrust Properties Corp. is a pure-play retail company with a focus on acquiring open-air centers with a disciplined approach, in key growth markets with favorable demographics. This acquisition strategy, along with our innovative and collaborative property management approach, ensures the success of both our tenants and business partners and drives net operating income growth for the Company. InvenTrust became a self-managed real estate investment trust in 2014 and, as of June 30, 2016, is an owner and manager of 91 multi-tenant retail properties, comprising 15.7 million square feet of retail space.

Forward-Looking Statements Disclaimer
Forward-looking statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, representation, plans or predictions of the future and are typically identified by words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, our ability to integrate and successfully operate acquired properties and the risks associated with such properties. For further discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see our filings with the Securities and Exchange Commission, including the Risk Factors included in our most recent Annual Report on Form 10-K. We intend that such forward-looking statements be subject to the safe harbors created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, except as may be required by applicable law. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

MEDIA CONTACT:
InvenTrust Properties Corp.
Dan Lombardo
630-570-0605
dan.lombardo@InvenTrustProperties.com

Source: InvenTrust Properties Corp.

InvenTrust Properties Corp. to distribute 100% of Highlands REIT, Inc.’s outstanding shares of common stock to InvenTrust stockholders

Company Anticipates the Separation of Highlands to Occur on April 28, 2016

OAK BROOK, Ill., 2016-Apr-15 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today announced that its Board of Directors has formally authorized the distribution of 100% of the outstanding shares of common stock of Highlands REIT, Inc. (“Highlands”), a wholly owned subsidiary of InvenTrust, to InvenTrust stockholders. The distribution of shares of Highlands common stock is expected to occur on April 28, 2016. Each InvenTrust stockholder will be entitled to receive one share of Highlands common stock for every share of InvenTrust common stock held of record as of the close of business on April 25, 2016.

As previously announced, following the completion of the spin-off of Highlands and distribution of its shares, Highlands will be an independent, self-managed, non-traded REIT with a dedicated management team focused on preserving, protecting and maximizing the total value of its portfolio. Highlands’ portfolio is expected to consist of seven single- and multi-tenant office assets, two industrial assets, six retail assets, two correctional facilities, four parcels of unimproved land and one bank branch. Upon completion of the spin-off, Highlands will announce its estimated share value, including a detailed explanation of the valuation method, analysis and process used to estimate the estimated per share value.

Highlands will be led by Richard Vance, who currently serves as InvenTrust’s Senior Vice President – Portfolio Management & Corporate Strategy, a role in which he has been responsible for managing InvenTrust’s “non-core” portfolio with regard to asset management, property operations and leasing. Mr. Vance will serve as Highlands’ President and Chief Executive Officer and a member of Highlands’ Board of Directors.

Terms of the Spin-Off

InvenTrust stockholders are not required to make any payment or take any action to receive the shares of Highlands common stock in the distribution, and they will not be required to surrender or exchange their InvenTrust shares.

Following the distribution, InvenTrust stockholders will own shares in both InvenTrust and Highlands. The number of InvenTrust shares held by stockholders will not change as a result of the distribution of Highlands common stock. Stockholder approval of the distribution is not required. Highlands’ shares of common stock will not be listed on any securities exchange or other market as part of the spin-off. Following the completion of the distribution, InvenTrust will cease to own any shares of Highlands common stock.

Although the distribution of the outstanding shares of Highlands common stock will be in the form of a taxable distribution to InvenTrust stockholders, InvenTrust does not anticipate recognizing taxable gain as a result of the distribution. Accordingly, so long as stockholders own InvenTrust common stock for the entire year in which the distribution occurs, InvenTrust anticipates that the spin-off and distribution of Highlands common stock will not increase the amount of dividend income stockholders would have recognized if the distribution had not occurred.

Shares of Highlands common stock will be distributed in book-entry form only. No physical share certificates of Highlands will be issued. An information statement containing the details of the spin-off and important information about Highlands will be mailed to InvenTrust stockholders as of the record date. The completion of the distribution remains subject to certain conditions, as described in the information statement, and the InvenTrust Board of Directors may modify or abandon the spin-off at any time prior to the distribution.

InvenTrust stockholders are encouraged to consult their financial advisors and tax advisors regarding the particular consequences of the distribution in their situation, including, without limitation, the implication of selling InvenTrust common stock on or prior to the distribution and the applicability and effect of any U.S. federal, state, local and foreign tax laws.

InvenTrust Estimated Share Valuation

InvenTrust expects to announce its new estimated share value in early May 2016 which will reflect the spin-off of Highlands. InvenTrust has engaged an independent, third-party valuation firm to assist in the valuation. The valuation firm will provide a detailed explanation of the valuation method, analysis and process used to estimate the new per share value. As a result of the Highlands spin-off, InvenTrust expects the value of the shares of InvenTrust stock to be lower immediately following the transaction, as the value of InvenTrust common stock will no longer reflect the value of the Highlands portfolio. Once the new estimated share value is determined, InvenTrust will file a Current Report on Form 8-K and disclose to stockholders the new estimated share value and how the estimated share value was calculated and determined.

ABOUT INVENTRUST PROPERTIES CORP.
InvenTrust became a self-managed REIT in 2014 and as of December 31, 2015, is an owner and operator of 112 multi-tenant retail properties. InvenTrust’s total retail portfolio comprises of 18.5 million square feet of retail space in 24 states. As of December 31, 2015, the Company also owned 11,039 student housing beds and 5.7 million square feet of non-core space.

Forward-Looking Statements Disclaimer

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, plans or predictions of the future and are typically identified by words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. These statements include statements about our plans and strategies and future events, including the proposed spin-off of our “non-core” assets; the anticipated timing to close the spin-off; anticipated tax consequences of the spin-off; and anticipated timing with respect to publishing Highlands’ and our new estimated share value, among other things. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain and involve known and unknown risks that are difficult to predict. Factors that may cause actual results to differ materially from current expectations include, among others, our current expectations with respect to the timing of the potential spin-off and/or the potential failure to satisfy closing conditions with respect to the transaction; InvenTrust’s board of directors may determine that the completion of the spin-off is not in our best interests and determine not to consummate the spin-off; our ability to execute on our strategy; the timing of our new estimated share value; Highlands’ ability (or lack thereof) to operate successfully as a self-managed REIT and execute on its strategy; our ability to return value to our stockholders and the availability of cash flow from operating activities to fund distributions. For further discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see the Risk Factors included in the preliminary registration statement on Form 10 filed with the Securities and Exchange Commission by Highlands REIT, Inc. and InvenTrust’s most recent Annual Report on Form 10-K, as updated by any subsequent Quarterly Report on Form 10-Q, in each case as filed with the Securities and Exchange Commission. InvenTrust intends that such forward-looking statements be subject to the safe harbors created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, except as may be required by applicable law. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities.

InvenTrust Properties Corp.
Dan Lombardo, 630-570-0605
dan.lombardo@InvenTrustProperties.com

Source: InvenTrust Properties Corp.

InvenTrust Properties Corp. acquires Renaissance Center in Durham, North Carolina for $129.2 million

Property to Serve as Centerpiece of Company’s Portfolio in Key Strategic Raleigh-Durham Market

OAK BROOK, Ill., 2016-Apr-05 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today announced that it has acquired Renaissance Center, a 96% leased, 363,176 square foot retail power center, located in Durham, North Carolina, for $129.2 million.

“We are pleased to announce the acquisition of Renaissance Center, which will become one of InvenTrust’s top assets moving forward,” said Michael E. Podboy, Executive Vice President – Chief Financial Officer, Chief Investment Officer of InvenTrust. “This acquisition underscores our strategy of owning a strong asset from which we can significantly bolster our presence in key regions with favorable demographics. We are excited by the opportunity that Renaissance Center creates for InvenTrust in North Carolina and the Raleigh-Durham MSA.”

Christopher Covey, SVP of Transactions, added, “Renaissance Center represents a rare opportunity for InvenTrust to acquire a large scale core asset in one of the country’s hotbeds of economic growth. The property’s proximity to Research Triangle Park allows Renaissance Center to benefit from favorable population demographics in Raleigh, Durham and Chapel Hill. Renaissance Center also boasts a strong tenant base, including the only Nordstrom Rack in the market, and is located near the high trafficked Streets of Southport Mall, one of the top performing retail malls in the region.”

Renaissance Center includes a broad mix of national and local destination retailers, service tenants, restaurants and office space, which promotes continual traffic along a dominant retail corridor. Other anchors include Old Navy, Cost Plus World Market, REI, Babies “R” Us and Best Buy.

ABOUT INVENTRUST PROPERTIES CORP.
InvenTrust became a self-managed REIT in 2014 and as of December 31, 2015, is an owner and operator of 112 multi-tenant retail properties. InvenTrust’s total retail portfolio comprises of 18.5 million square feet of retail space in 24 states. As of December 31, 2015, the Company also owned 11,039 student housing beds and 5.7 million square feet of non-core space.

Forward-Looking Statements Disclaimer

Forward-looking statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, representation, plans or predictions of the future and are typically identified by words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, our ability to execute on our strategy and our ability to build our core multi-tenant retail platform and position our Company for growth. For further discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see the Risk Factors included in our most recent Annual Report on Form 10-K as filed with the Securities and Exchange Commission. We intend that such forward-looking statements be subject to the safe harbors created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, except as may be required by applicable law. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Media:
InvenTrust Properties Corp.
Dan Lombardo, 630-570-0605
dan.lombardo@InvenTrustProperties.com

Source: InvenTrust Properties Corp.

InvenTrust Properties Corp acquired two high performing open air shopping centers in Orlando, Florida and in Katy, Texas

Acquires Rio Pinar Plaza in Orlando, Florida and Price Plaza in Katy, Texas

OAK BROOK, Ill., 2015-12-11 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today announced that it has acquired two high performing open air shopping centers. InvenTrust acquired Rio Pinar Plaza, a 124,283 square foot, 100% leased shopping center located in Orlando, Florida, for approximately $34.0 million and Price Plaza, a 205,813 square foot, 92% occupied power center located in Katy, Texas, for approximately $35.8 million.

“The acquisitions of Rio Pinar Plaza and Price Plaza further strengthen our presence in target markets,” said, Michael E. Podboy, Executive Vice President – Chief Financial Officer, Chief Investment Officer of InvenTrust. “Both transactions align with our objective of acquiring high performing retail assets and growing in strong locations that have large and active populations. We believe that these acquisitions, and our overall strategy, will further strengthen InvenTrust’s portfolio, improve our portfolio population and income demographics and provide opportunities to grow net operating income so that we can continue to drive value for shareholders.”

Christopher Covey, SVP of Transactions added, “Rio Pinar Plaza is strategically located and we believe the combination of destination retailers, service tenants and restaurants at Rio Pinar Plaza and its proximity to the Florida Hospital East Orlando will help drive continuous traffic throughout the center. In addition, Price Plaza is a high performing power center in a key, high traffic market. Price Plaza has a history of successful, long-term anchor stores and tenants and we believe will add important value to our Houston-area portfolio.”

Rio Pinar Plaza is strategically located in the densely populated Orlando MSA, the third largest MSA in Florida and the fifth largest in the Southeast. Recently renovated, Rio Pinar Plaza boasts stable legacy tenants with significant operating history.

Price Plaza is located in the key Houston MSA. The center is anchored by Ross Dress for Less, Jo-Ann Fabrics and Best-Buy with shadow anchors that include Sam’s Club, Walmart SuperCenter and The Home Depot.

ABOUT INVENTRUST PROPERTIES CORP.
InvenTrust became a self-managed real estate investment trust in 2014; as of September 30, 2015, it owned 128 multi-tenant retail properties (including 18 JV assets), comprising 19 million square feet of retail space in 24 states. In addition, its student housing business, University House Communities, has 16 properties (including 1 JV asset) with 9,600 beds. InvenTrust also owns 5.8 million square feet of non-core, office and industrial buildings.

Forward-Looking Statements Disclaimer
Forward-looking statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, representation, plans or predictions of the future and are typically identified by words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, our ability to execute on our strategy and our ability to build our core multi-tenant retail and position our Company for growth. For further discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see the Risk Factors included in our most recent Annual Report on Form 10-K, as updated by any subsequent Quarterly Report on Form 10-Q, in each case as filed with the Securities and Exchange Commission. We intend that such forward-looking statements be subject to the safe harbors created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, except as may be required by applicable law. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Media:
InvenTrust Properties Corp.
Dan Lombardo, 630-570-0605
dan.lombardo@InvenTrustProperties.com

Source: InvenTrust Properties Corp.

 

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InvenTrust Properties Corp acquired two high performing open air shopping centers in Orlando, Florida and in Katy, Texas

Price Plaza