InvenTrust Properties Corp. Completes $306 Million Sale of California Portfolio, Strategically Reinvests in Sun Belt Markets

Reuters
06-12
InvenTrust Properties Corp. Completes $306 Million Sale of California Portfolio, Strategically Reinvests in Sun Belt Markets

InvenTrust Properties Corp. has announced the sale of a portfolio of five California assets for approximately $306 million. This strategic move is part of the company's ongoing efforts to optimize its portfolio and reallocate capital towards growth-oriented Sun Belt markets. The proceeds from the sale, approximately $275 million, are earmarked for acquisitions in key markets such as Atlanta, Charleston, Phoenix, Central Florida, Richmond, and San Antonio. The transaction aligns with InvenTrust's goal of concentrating its investments in regions with strong economic fundamentals and population growth, further enhancing long-term value for shareholders. The company plans to dispose of its remaining California asset by the end of the year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Inventrust Properties Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250612318308) on June 12, 2025, and is solely responsible for the information contained therein.

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