DOWNERS GROVE, III.--(BUSINESS WIRE)-- InvenTrust Properties Corp. (“InvenTrust” or the “Company”) today announced the acquisition of Trowbridge Crossing, a 62,600 square foot center anchored by Publix in Sandy Springs, Georgia, for $11 million.

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InvenTrust Properties Corp.Acquires Trowbridge Crossing in Sandy Springs, Georgia (Photo: Business Wire)

“Trowbridge Crossing brings a strong performing Publix-anchored center to our portfolio in a desirable submarket of Atlanta,” said Christy David, Chief Investment Officer for InvenTrust. “Through this transaction, we are expanding our presence in one of our identified strategic markets. Sandy Springs is home to several corporate headquarters, including UPS and Mercedes-Benz USA, and supports favorable demographics.”

David continued, “The acquisition pipeline for InvenTrust is strong as we anticipate being a net buyer in 2020.”

Trowbridge Crossing is situated in a highly-trafficked submarket, anchored by long-time tenant Publix. The center also features national tenants including the U.S. Postal Service, Great Clips, T-Mobile and Domino’s Pizza, as well as other retailers and restaurants. The property is 100% leased and was recently upgraded with new LED lights to improve energy efficiency and illumination for the center.

About InvenTrust Properties Corp.

InvenTrust Properties Corp. is a premier multi-tenant retail REIT that owns, leases, redevelops, acquires and manages grocery anchored neighborhood centers, and select power centers that often have a grocery component, in Sun Belt markets with favorable demographics. We seek to continue to execute our strategy to enhance our multi-tenant retail platform by further investing in grocery-anchored centers with essential retail in our current markets, while exhibiting focused and disciplined capital allocation. InvenTrust became a self-managed REIT in 2014 and a Global Real Estate Sustainability Benchmark ("GRESB") member in 2018. As of December 31, 2019, the company is an owner and manager of 65 retail properties, representing 10.9 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, 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.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor there be any sale of securities referred to in this letter, in any jurisdiction in which any such offer, solicitation or sale is not permitted.

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

Source: InvenTrust Properties Corp.