Latham & Watkins Represents InvenTrust Properties Corp. in US$224 Million Equity Offering

InvenTrust Properties Corp. (NYSE: IVT), a multi-tenant essential retail REIT that owns, leases, redevelops, acquires, and manages grocery-anchored neighborhood and community centers as well as high-quality power centers, has announced it has priced an underwritten registered public offering of 8,000,000 shares of its common stock at a price to the public of US$28 per share for total gross proceeds of US$224 million. As part of the offering, the company also granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of the company’s common stock at the public offering price, less the underwriting discount. The offering is expected to close on September 25, 2024 subject to customary closing conditions.

Latham & Watkins LLP represents InvenTrust Properties in the offering with a capital markets team led by Chicago partner Cathy Birkeland and Los Angeles partner Julian Kleindorfer and Chicago partner Alexa Berlin, with associates Ben Winnett, Joann Murphy, Cyerra McGowan, Caroline Hughes, and Julia Gabriel.