InvenTrust Properties Corp., a publicly registered non-traded real estate investment trust formerly known as Inland American Real Estate Trust, has appointed Mike Phillips to senior vice president and chief accounting officer, effective April 10, 2020, following the recent resignation of Adam Jaworski.
Phillips, who will maintain his role as InvenTrust’s controller, has been with the company from 2009, serving in various senior financial and accounting roles such as senior accounting manager for financial reporting and director for internal reporting.
Prior to joining Inventrust, Phillips worked at Pasquinelli Homebuilding for five years, serving as manager of finance from 2008 to 2009. He graduated from The University of Iowa Tippie College of Business with a Bachelor of Business Administration in finance and received a Master of Science in real estate from Roosevelt University. Phillips is a licensed certified public accountant in the State of Illinois.
“Mike brings an in-depth knowledge of the business after more than a decade of service with the company,” said Daniel Busch, executive vice president and chief financial officer of InvenTrust. “In addition, his significant real estate experience, accounting and SEC financial reporting expertise make us confident that he will continue to build on the strong accounting and reporting platform Mr. Jaworski developed during his time at InvenTrust.”
In other company news, Inventrust recently disclosed that it will not publish an estimated net asset value per share of its common stock in May of 2020 due to increased uncertainty related to the financial impact of the coronavirus (COVID-19).
InvenTrust Properties focuses on acquiring grocery-anchored open-air centers in in Sun Belt growth markets. The offering was declared effective in August 2005, and the company became a self-managed REIT in 2014, overseeing a multi-billion-dollar portfolio of 65 retail properties, representing 10.9 million square feet of retail space, as of December 31, 2019.