InvenTrust Properties acquires River Oaks retail center in Valencia, CA

InvenTrust Properties acquires River Oaks retail center in Valencia, CA

 

DOWNERS GROVE, Ill., 2017-Sep-20 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today ( 09/18/2017) announced the acquisition of River Oaks, a 275,000 square foot grocery-anchored center located in a premier San Fernando Valley sub-market of Los Angeles, CA, for approximately $115 million.

“We are excited to acquire this institutional-quality retail destination positioned at the epicenter of the Valencia retail hub,” said Michael E. Podboy, EVP – Chief Financial Officer, Chief Investment Officer of InvenTrust. “River Oaks is located in a highly desirable suburban market with a diverse tenant lineup and attractive, high performing anchors such as Target, Sprouts and buybuyBaby. We anticipate that this accretive transaction will drive long term value.”

Christopher Covey, Senior Vice President of Transactions, added, “The acquisition of River Oaks further highlights our continued progress enhancing our portfolio with premier open air retail assets. By expanding our presence in the Los Angeles submarket, we expect to benefit from favorable population demographics in the region and gain operational efficiencies with the nearby InvenTrust-owned Stevenson Ranch Plaza.”

The center features national tenants such as Target, Sprouts, buybuyBaby, ULTA, Total Women Gym & Spa, Pier 1 Imports and Big 5 Sporting Goods.

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 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:
InvenTrust Properties Corp.
Dan Lombardo
630-570-0605
dan.lombardo@inventrustproperties.com

Source: InvenTrust Properties Corp.

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InvenTrust Properties acquires The Plaza Midtown in the Midtown submarket of Atlanta, GA

InvenTrust Properties acquires The Plaza Midtown in the Midtown submarket of Atlanta, GA

 

DOWNERS GROVE, Ill., 2017-Aug-22 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today ( 08/21/2017 ) announced that it has acquired The Plaza Midtown, a 70,000 square foot Publix-anchored center located in the Midtown submarket of Atlanta, GA, for approximately $31.8 million.

“We are excited to acquire this core, urban infill asset located in the vibrant Midtown submarket of Atlanta,” said Michael E. Podboy, EVP – Chief Financial Officer, Chief Investment Officer of InvenTrust. “The Plaza Midtown is located in an ideal neighborhood with diverse demographics and anchored by a strong performing Publix. We anticipate that this accretive transaction will drive long term value as we continue to focus on enhancing our portfolio with premier assets in the Sun Belt region.”

Christopher Covey, Senior Vice President of Transactions, added, “This is a compelling transaction given the significant annual sales growth and built-in customer base of Publix. The property is adjacent to Georgia Tech University and within a major employment hub that will provide favorable and consistent traffic to the center.”

Including the grocery anchor tenant Publix, the center features a number of high performing up-scale and casual dining restaurants and internet resistant services including fitness and beauty/wellness tenants.

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 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.

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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.

Two Pembroke Pines retail centers sold for $163M

OAK BROOK, Ill., 2017-Feb-06 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today (02/02/2017) announced that it has acquired Paraiso Parc and Westfork Plaza, two adjacent retail centers located in Pembroke Pines, Florida, for $163 million. The two retail centers will total approximately 389,000 square feet upon the mid-2017 completion of an ongoing expansion project.

“The acquisition of Paraiso Parc and Westfork Plaza represents a truly unique opportunity to secure an ‘A+’ asset in one of South Florida’s strongest retail submarkets,” said Michael E. Podboy, EVP – Chief Financial Officer, Chief Investment Officer of InvenTrust. “This property represents the type of high-quality properties InvenTrust will continue to invest in as we execute on our portfolio transformation. Additionally, from this transaction, we anticipate operational efficiencies in this key target market for InvenTrust’s existing portfolio.”

Christopher Covey, Senior Vice President of Transactions, added, “These combined retail centers are a fantastic asset. This asset is well occupied, with strong best-in-class retail anchors, and we believe this is an excellent fit for our portfolio as the properties have superb demographics in the vibrant South Florida market.”

Paraiso Parc and Westfork Plaza are located in Pembroke Pines, Florida, situated just 20 miles northwest of downtown Miami and 15 miles southwest of Fort Lauderdale. The center has an excellent tenancy and features national tenants such as Publix, Costco, Regal Cinemas, Ross and TJ Maxx.

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. 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.

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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. 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.