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InvenTrust Appoints Two New Independent Directors

InvenTrust Properties Corp., a publicly registered non-traded real estate investment trust formerly known as Inland American Real Estate Trust, has appointed Michael Stein and Scott Nelson to the company’s board of directors. With the addition of the new independent directors, InvenTrust’s board will be expanded from six to eight directors.

Stein currently serves on the board of Apartment Investment and Management Company and was formerly chief financial officer of Nordstrom and Marriott International.

Nelson is a 35-year retail industry veteran who recently held various senior vice president positions at Target and the founding principal of SAN Prop Advisors, a retail real estate advisory firm.

“Michael and Scott bring significant real estate and retail acumen to the Board,” said Thomas McGuinness, president and chief executive officer of InvenTrust. “We believe that Michael’s financial expertise and Scott’s years of relevant industry experience in retail and real estate will provide additional strength to the board as we move forward in executing our strategic plan.”

“We welcome Michael and Scott to the board and look forward to benefiting from their contributions and insights,” said J. Michael Borden, chairman of the board of InvenTrust Properties. “We have made significant progress in recent years as part of InvenTrust’s plan to become a pure-play retail REIT and I look forward to working with Michael and Scott and the rest of the board as we continue to execute on our long-term portfolio strategy.”

InvenTrust’s board believes that Stein will be a valuable addition given his background as a retail business executive and financial professional with 40 years of experience, including public accounting, chief financial officer positions at large public companies, and board service at public companies.

The company’s board also believes that Nelson will provide valuable insight and advice to the company based on his experience in the retail real estate industry developing acquisition strategies, navigating market complexities, and leveraging real estate to fulfill corporate growth objectives for one of the largest retailers in America.

InvenTrust Properties owns and manages 88 multi-tenant retail properties totaling 15.1 million square feet of retail space.

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