OAK BROOK, Ill.--(BUSINESS WIRE)--InvenTrust Properties Corp. (the “Company”) today announced the appointment of Lance W. Billingsley as Senior Vice President of Leasing. Mr. Billingsley has more than 25 years of shopping center leasing experience and was most recently Director of Anchor Leasing for Federal Realty Investment Trust.
“We are thrilled to welcome Lance to the InvenTrust team,” commented David Collins, EVP, Portfolio Management. “His extensive shopping center experience, industry knowledge and retailer relationships will enhance InvenTrust’s ongoing execution of our strategic priorities and shareholder value creation.”
At InvenTrust Properties, Mr. Billingsley will oversee the leasing of the Company’s retail portfolio and manage leasing teams based in Dallas, Houston, Atlanta and Oak Brook, Illinois. Prior to his position with Federal Realty Investment Trust, Mr. Billingsley held executive and senior leasing positions with Brandolini Properties, First Washington Management, Inc. and Pennsylvania Real Estate Investment Trust. He is a graduate of James Madison University and a member of the International Council of Shopping Centers.
ABOUT INVENTRUST PROPERTIES CORPORATION
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.