InvenTrust Properties Corp. Appoints Neil Soskin as Senior Vice President, Portfolio Management

OAK BROOK, Ill.--()--InvenTrust Properties Corp. (“InvenTrust” or the “Company”), today announced that Neil Soskin has been appointed Senior Vice President, Portfolio Management for InvenTrust. Mr. Soskin joins InvenTrust with more than 30 years of experience in the real estate industry, including extensive understanding of leasing, acquisitions and new development.

“I look forward to working with Dave and the rest of the Portfolio Management team as we continue to focus and evolve our platform to focus on quality assets in Sunbelt growth markets.”

Mr. Soskin previously served as Vice President, Real Estate for Primestor Development Inc., which engages in the acquisition, development, rehabilitation, leasing, and management of commercial properties. Prior to Primestor, he was Vice President / Director, Western Region, at Weingarten Realty Investors, where he was responsible for leading the Western Region.

“We are pleased to welcome Neil to the InvenTrust team,” said David F. Collins, Executive Vice President, Portfolio Management. “Neil is a terrific fit, bringing years of experience in investment, portfolio management, operations, development and leasing, which will help advance our strategic plan. We are confident that Neil will help bring the InvenTrust portfolio to the next level.”

“I am impressed with the transformation of InvenTrust’s portfolio and I hope to build on that momentum,” said Mr. Soskin. “I look forward to working with Dave and the rest of the Portfolio Management team as we continue to focus and evolve our platform to focus on quality assets in Sunbelt growth markets.”

About Neil Soskin

Mr. Soskin served as Vice President, Real Estate at Primestor Development Inc. from 2011 to 2017. From 2002 to 2011, Mr. Soskin served as Vice President / Director, Western Region at Weingarten Realty Investors, an equity real estate investment trust engaging in the ownership, management, acquisition, development and redevelopment of real estate properties. Prior to this role, Mr. Soskin served as Vice President, Real Estate and Construction at SCORE! Educational Centers. Prior to this, Mr. Soskin held varying roles at Lord Associates, Independent Brokerage and Taubman Centers, Inc. Mr. Soskin received a Bachelor of Business Administration in Accounting and Finance from the University of Michigan and a Master of Business Administration in Real Estate, Strategy from the University of California, Berkeley.

About InvenTrust Properties Corp.

InvenTrust Properties Corp. is a pure-play retail company with a focus on acquiring open-air centers with a disciplined approach, in key growth markets with favorable demographics. This acquisition strategy, along with our innovative and collaborative property management approach, ensures the success of both our tenants and business partners and drives net operating income growth for the Company. InvenTrust became a self-managed REIT in 2014 and as of September 30, 2016, is an owner and manager of 88 retail properties, representing 15.1 million square feet of retail space, and one non-core property.

Forward-Looking Statements Disclaimer

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, plans or predictions of the future and are typically identified by words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, our ability to execute on our long-term strategy. For further discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see our filings with the securities and Exchange Commission (“SEC”), including the Risk Factors included in our most recent Annual Report on Form 10-K, as updated by any subsequent Quarterly Report on Form 10-Q, in each case as filed with the SEC. InvenTrust intends that such forward-looking statements be subject to the safe harbors created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, except as may be required by applicable law. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Contacts

InvenTrust Properties Corp.
Dan Lombardo, 630-570-0605
dan.lombardo@inventrustproperties.com

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