CHICAGO, April 09, 2018 (GLOBE NEWSWIRE) -- Liquidity Partners Trust I, a private real estate investment firm, is offering to pay approximately $3.1 million for up to 2,000,000 shares of InvenTrust Properties Corp. (“InvenTrust” or the “Company”) common stock for $1.55 per share. Shares may be redeemed via Liquidity Partners’ website, www.LiquidityPartners.net, which will provide a Medallion Signature Guarantee for sellers. The Offer to Purchase and Transfer Agreement are also located on Liquidity Partners’ website.
For questions, call (917) 338-1851, or email TenderAgent@LiquidityPartners.net. The tender offer will expire at 11:59 P.M. Eastern Time on May 14, 2018.
InvenTrust is a publicly-registered non-traded REIT and approved an unaudited and estimated net asset value per share of $3.29 for the Company’s common stock, effective May 1, 2017. On February 24, 2015, InvenTrust announced that its Share Repurchase Program was suspended indefinitely until further notice.
InvenTrust was incorporated as Inland American Real Estate Trust, Inc. in October 2004 and changed its name to InvenTrust Properties Corp. in April 2015. InvenTrust is a pure-play retail company with a focus on acquiring open-air shopping centers. As of December 31, 2017, InvenTrust’s portfolio consisted of 71 wholly-owned retail assets with a combined gross leasable area of approximately 12.4 million square feet. In April 2016, InvenTrust spun-off Highlands REIT, Inc. through a pro rata distribution of 100% of Highlands common stock to InvenTrust stockholders; and InvenTrust no longer owns any shares of common stock of Highlands.
If all shares in the current InvenTrust offer are tendered, Liquidity Partners Trust I will own approximately 0.286% of the common shares outstanding.