Deal Snapshot
INVENTRUST PROPERTIES ACQUIRES TWO SHOPPING CENTRES
Wednesday 17 July 2019

US-based REIT InvenTrust Properties Corp. has acquired two grocery-anchored shopping centres, the firm said. First, InvenTrust acquired the Shoppes at Fairview, a 67,500 square foot Whole Foods anchored center in Fairview, Texas, a suburb of Dallas, for USD 36m.
Secondly, InvenTrust purchased Southern Palm Crossing, a 346,200 square foot Costco anchored center in Royal Palm Beach, Florida, for USD 97m. InvenTrust has now acquired over USD 280m of grocery-anchored centers in key growth markets year-to-date. Following these acquisitions, IVT is on target to hit the company's acquisition goals for 2019.


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Details
Date Published: 17/07/2019
Target: Shoppes at Fairview, Southern Palm Crossing
Country: USA
Deal Size: 133m (USD)
Sector: Construction/Real Estate
Type: LBO
Financing: Cash
Status: Closed
Vendor:
Buyer: InvenTrust Properties Corp
Comment:


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