InvenTrust Properties Corp., a publicly registered non-traded real estate investment trust, has appointed Daniel J. (“DJ”) Busch to executive vice president, chief financial officer and treasurer, effective September 3, 2019.
Adam Jaworski, who has served as the company’s interim principal financial officer since August 2018, will continue in his role as senior vice president and chief accounting officer.
Busch most recently served as managing director of retail at Green Street Advisors, a commercial real estate and REIT research firm that provides research on the shopping center, regional mall, and net lease sectors.
Prior to serving as managing director, Busch served in senior roles at Green Street covering the mall sector, conducting analysis and research, building financial models and providing analysis of financial statements for U.S. REITs.
Previously, he served as an equity research analyst at Telsey Advisory Group and worked in a corporate capacity at Petco Animal Supplies Inc. He is a member of the Urban Land Institute, contributing as an active member on the Commercial and Retail Development Council.
“Having conducted extensive analysis of our industry over the past decade, DJ brings to the role a unique financial perspective, as well as significant familiarity with the real estate and retail industries,” said Thomas McGuinness, president and chief executive officer of InvenTrust. “We are confident that DJ’s financial expertise and existing knowledge of our business will serve us well as we continue to execute our portfolio strategy, maintain our flexible balance sheet and improve our public company readiness.”
Busch received a bachelor’s degree in applied economics and management from Cornell University and an MBA with specializations in general finance, financial instruments and markets from New York University.
InvenTrust Properties, formerly known as Inland American Real Estate Trust, focuses on open air retail centers in growth markets. The offering was declared effective in August 2005 and closed in April 2009 after raising $8.4 billion. The company became a self-managed REIT in 2014 and oversees a multi-billion-dollar portfolio of 73 retail properties, as of the first quarter of 2019.