InvenTrust Properties Corp. is a

real estate investment trust A real estate investment trust (REIT, pronounced "reet") is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of real estate, including office and apartment buildings, studios, warehouses, hos ...

that invests in

shopping mall A shopping mall (or simply mall) is a large indoor shopping center, usually Anchor tenant, anchored by department stores. The term ''mall'' originally meant pedestrian zone, a pedestrian promenade with shops along it, but in the late 1960s, i ...

s. As of December 31, 2023, the company owned interests in 62 properties comprising 10.3 million square feet.

Timeline

The company was launched in 2005 as Inland American Real Estate Trust. In 2012, Inland Western completed an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

. As of February 2014, the company was the largest non-publicly traded real estate investment trust in the United States. In March 2014, the firm announced that functions performed by its external, related-party managers would now be performed by the REIT itself. In September 2014, the company sold its select-service hotel portfolio to NorthStar Realty Finance (now

DigitalBridge DigitalBridge Group, Inc. is a global digital infrastructure investment firm. The company owns, invests in and operates businesses such as cell towers, data centers, fiber, small cells, and edge infrastructure. Headquartered in Boca Raton, Digita ...

) for $1.1 billion. The proceeds of $480 million were invested in

s and

student housing A dormitory (originated from the Latin word ''dormitorium'', often abbreviated to dorm), also known as a hall of residence, a residence hall (often abbreviated to halls), or a hostel, is a building primarily providing sleeping and residential qu ...

. In February 2015, the company completed the

corporate spin-off A corporate spin-off, also known as a spin-out, starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. It is distinct ...

Xenia Hotels & Resorts Xenia Hotels & Resorts, Inc. is a real estate investment trust that invests in hotels. As of December 31, 2019, it owned 39 hotels comprising 11,245 rooms. History In 2014, the company was formed as a corporate spin-off of InvenTrust Properties. ...

to its shareholders. In April 2015, the company changed its name to InvenTrust Properties. In April 2016, the company completed the

of Highlands REIT. In June 2016, the company sold its student housing division to a group including the

CPP Investment Board The Canada Pension Plan Investment Board (CPPIB; ), operating as CPP Investments (), is a Canadian Crown corporation established by way of the 1997 ''Canada Pension Plan Investment Board Act'' to oversee and invest the funds contributed to and h ...

for $1.4 billion. In October 2021, the company became a

public company A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) co ...

References

External links

*{{Official website, https://www.inventrustproperties.com/
Home Acquisition
Real estate companies established in 2004 Companies based in DuPage County, Illinois Real estate investment trusts of the United States Business organizations based in the United States