M&A
confidence medium
sentiment neutral
materiality 0.65
InvenTrust acquires four grocery-anchored centers from JV; JV liquidation plan adopted
InvenTrust Properties Corp.
- Acquired 100% membership interests in subsidiaries holding four multi-phased, grocery-anchored centers in Houston MSA.
- InvenTrust previously held a 55% interest in the JV; now directly owns the properties via subsidiary IVT OP.
- JV liquidation plan adopted Jan 11, 2023, to be completed within 24 months.
- Properties: Cyfair Town Center (I&II), Bay Colony (I&II), Blackhawk Town Center, Stables Town Center II; three encumbered by BofA loan assumed by buyer.
- No purchase price or other financial terms disclosed in the filing.