InvenTrust Properties Corp. to Relocate Corporate Headquarters to Highland Landmark II Building in Downers Grove, IL

OAK BROOK, Ill.--()--InvenTrust Properties Corp. (“InvenTrust”, “IVT” or “the Company”) today announced plans to relocate its corporate headquarters from 2809 Butterfield Road, Oak Brook, IL to Highland Landmark II building located at 3025 Highland Parkway, Downers Grove, IL. IVT will lease 22,000 square feet, down from the almost 50,000 sq. ft. the Company currently leases. InvenTrust is expected to complete the move during the summer of 2017.

“We believe this new location is an excellent fit for InvenTrust, and will enable us to reduce our operating expenses while working out of a more inventive office space,” said Thomas P. McGuinness, President and Chief Executive Officer of InvenTrust. “This smaller headquarters space directly reflects the values underlying our long-term strategy, under which InvenTrust has become a leaner, more disciplined organization focused solely on multi-tenant, open-air retail centers. With an open floor plan, InvenTrust’s employees will benefit from an office environment more conducive to collaboration and communication, better stimulating teamwork and efficiency throughout all levels of the organization.”

About InvenTrust Properties Corp.

InvenTrust Properties Corp. is a premier, multi-tenant retail company that owns, leases, redevelops, acquires and manages open-air centers in key growth markets with favorable demographics. Our disciplined acquisition strategy, along with our innovative and collaborative property management approach, drives the success of both our tenants and business partners and net operating income growth for the Company. InvenTrust became a self-managed REIT in 2014 and as of December 31, 2016, is an owner and manager of 86 multi-tenant retail properties, representing 15.2 million square feet of retail space, and one non-core office 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 manage our expenses and execute on long term strategy. 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.

Contacts

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

Contacts

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