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From Wikipedia, the free encyclopedia
InvenTrust Properties Corp. is a real estate investment trust that invests in shopping malls. As of December 31, 2023, the company owned interests in 62 properties comprising 10.3 million square feet.[1]
Company type | Public company |
---|---|
NYSE: IVT | |
Industry | Real estate investment trust |
Founded | 2004 |
Headquarters | Downers Grove, Illinois |
Key people | Daniel J. Busch, President & CEO Michael Phillips, CFO |
Products | Shopping malls |
Revenue | $258 million (2023) |
$5 million (2023) | |
Total assets | $2.487 billion (2023) |
Total equity | $1.554 billion (2023) |
Number of employees | 104 (2023) |
Website | www |
Footnotes / references [1] |
The company was launched in 2005 as Inland American Real Estate Trust.[2]
In 2012, Inland Western completed an initial public offering.[3][4]
As of February 2014, the company was the largest non-publicly traded real estate investment trust in the United States.[2]
In March 2014, the firm announced that functions performed by its external, related-party managers would now be performed by the REIT itself.[5]
In September 2014, the company sold its select-service hotel portfolio to NorthStar Realty Finance (now DigitalBridge) for $1.1 billion. The proceeds of $480 million were invested in shopping malls and student housing.[6][7]
In February 2015, the company completed the corporate spin-off of Xenia Hotels & Resorts to its shareholders.[8][9]
In April 2015, the company changed its name to InvenTrust Properties.[10][11]
In April 2016, the company completed the corporate spin-off of Highlands REIT.[12]
In June 2016, the company sold its student housing division to a group including the CPP Investment Board for $1.4 billion.[13][14]
In October 2021, the company became a public company.[15][16]
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