InvenTrust Properties Corp. (NYSE: IVT), a former non-traded real estate investment trust, has listed its shares of common stock and began trading yesterday on the New York Stock Exchange under the symbol “IVT.”
“I am incredibly proud of my team on this accomplishment and excited to bring this platform of premier Sun Belt, grocery-anchored assets to the public markets. We believe our strong and flexible balance sheet provides a unique opportunity for self-funded growth over the next couple of years,” said Daniel (DJ) Busch, President and Chief Executive Officer of InvenTrust.
In connection with the listing, members of InvenTrust’s management team rang The Closing Bell at 4:00 p.m. yesterday to commemorate the first day of trading.
InvenTrust Properties, formerly known as Inland American Real Estate Trust, invests in grocery-anchored shopping centers in the Sun Belt region of the U.S. The offering launched in August 2005, became a self-managed REIT in 2014, and oversees a portfolio of 65 retail properties, representing 10.8 million square feet of retail space.