InvenTrust Properties Corp. (IVT): M&A transaction — InvenTrust sells 5 California assets for $306M, reinvests in Sun Belt markets
InvenTrust Properties Corp.
- Completed sale of California Portfolio for ~$306M to multiple purchaser entities.
- Approx. $275M of proceeds allocated to closed/under contract/awarded acquisitions.
- Reinvestment targets Atlanta, Charleston, Phoenix, Central Florida, Richmond, San Antonio.
- One remaining California asset expected to be sold by end of 2025.
- Company reaffirms net acquisition guidance of $100M for the year.