InvenTrust Properties names Paula Saban as Interim Chairperson of the Board of Directors

OAK BROOK, Ill., 2017-Aug-17 — /EPR Retail News/ — InvenTrust Properties, Inc. (“InvenTrust”, “IVT” or the “Company”) today (08/16/2017) announced that Paula Saban has been appointed Interim Chairperson of InvenTrust’s Board of Directors, effective August 14, 2017. The appointment of Ms. Saban follows the voluntary resignation of J. Michael Borden as Chairperson of the Board. Mr. Borden’s resignation is not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

Mr. Borden, former Chairperson of the Board, said, “I feel deeply privileged to have served as Chairperson of the Board of InvenTrust these past two and a half years, working closely with the talented management team and Board of Directors, we helped transform InvenTrust into a pure-play retail REIT. I look forward to continuing to work hard as a member of the Board to create shareholder value in the future.”

“We are deeply grateful to Michael for his efforts and guidance as Chairperson of InvenTrust’s Board of Directors,” said Ms. Saban. “IVT has accomplished a number of significant corporate initiatives during his term as Chairperson that have positively impacted the Company. I am excited to be taking on the role of Interim Chairperson with the same drive and passion that Mr. Borden exhibited.”

Paula Saban has been a Director of InvenTrust Properties since October 2004. She brings more than 25 years of financial services and banking industry experience to her leadership role. Ms. Saban began her career in 1978 with Continental Bank, which later merged into Bank of America. From 1978 to 1990, she held various consultative sales roles in treasury management and traditional lending areas, managed client service teams and developed numerous client satisfaction programs. In 1990, Ms. Saban began designing and implementing various financial solutions for clients with Bank of America’s Private Bank and Banc of America Investment Services, Inc. Her clients included top management of publicly held companies and entrepreneurs. In addition to managing a diverse client portfolio, Ms. Saban was responsible for client management and overall client satisfaction. She retired from Bank of America in 2006 as a Senior Vice President/Private Client Manager. Together with her husband, Ms. Saban owns a construction products company, Newport Distribution, Inc., of which she is secretary and treasurer, and a principal stockholder.

In light of Ms. Saban’s experience in financial services and banking, among other things, our board believes that Ms. Saban has the necessary experience and insight to serve as interim Chairperson of the Board.

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 June 30, 2017, is an owner and manager of 85 retail properties, representing 15.2 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. 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. 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.