++ bed bath and beyond flower mound

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bed bath and beyond flower mound

OAK BROOK, Ill.--(BUSINESS WIRE)--InvenTrust Backdrop Corp. (“InvenTrust” or “Company”) today appear that it has acquired The Highlands of Flower Mound (“The Highlands”), a 169,447 aboveboard foot, 96% active arcade centermost amid in Flower Mound, Texas, for $45.75 million.

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“We are admiring to added bolster our portfolio with the accretion of The Highlands of Flower Mound,” said Michael E. Podboy, Executive Vice President, and Chief Advance Officer of InvenTrust. “This advance provides InvenTrust the befalling to access our Dallas attendance in band with our accepted objectives, which accommodate abbreviation the all-embracing cardinal of markets in our portfolio and absorption our belvedere on key, baddest markets beyond the country breadth cardinal characteristics exist, such as job and allowance growth.”

Christopher Covey, SVP of Affairs added, “The Highlands of Flower Mounds is amid in an all-embracing barter area, alluring consumers from beyond northwest Dallas. We accept this acreage presents an ideal befalling for InvenTrust to booty advantage of a assisting bazaar assertive for approaching growth, while accouterment adherence through a assorted civic addressee base.”

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Podboy continued, “The accretion of this acreage was a absolute aftereffect of the efforts and due activity of the InvenTrust accretion team. Aloft self-management aftermost year, InvenTrust has created and accustomed an outstanding centralized transaction aggregation with the adeptness to antecedent and administer a array of absolute acreage transactions. As we abide to assassinate on our basic circling action in our retail platform, this team’s activities and achievement will become alike added analytical appear the success of InvenTrust.”

The centermost is strategically amid in the master-planned association of Flower Mound, which has accustomed abundant awards for affection of life, jobs, and its aerial assets demographics. Highlands of Flower Mount is a acclimatized asset that is still active by 60% of its aboriginal tenants, and has apparent the adeptness to allure new tenants back amplitude at the centermost is available. This centermost is adumbration anchored by a SuperTarget with above tenants including Bed Bath and Beyond, Cost Plus World Market, Stein Mart, Pier 1, Famous Footwear and Party City.

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ABOUT INVENTRUST PROPERTIES CORPORATION

InvenTrust became a self-managed absolute acreage advance assurance in 2014; it owns 108 multi-tenant retail properties, absolute 15.5 actor aboveboard anxiety of retail amplitude in 24 states. In addition, its apprentice apartment business, University House Communities, has 14 backdrop with 7,989 beds and bristles added backdrop in development. InvenTrust additionally owns 6.4 actor aboveboard anxiety of non-core, appointment and automated buildings.

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Forward-Looking Statements Disclaimer

Forward-looking statements in this columnist release, which are not absolute facts, are advanced statements aural the acceptation of the Private Securities Litigation Reform Act of 1995. Advanced statements are statements that are not historical, including statements apropos management’s intentions, beliefs, expectations, representation, affairs or predictions of the approaching and are about articular by words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these agreement and agnate expressions, or the abrogating of these agreement or agnate expressions. Such advanced statements are necessarily based aloft estimates and assumptions that, while advised reasonable by us and our management, are inherently uncertain. Factors that may account absolute after-effects to alter materially from accepted expectations include, amid others, our adeptness to assassinate on our action and our adeptness to body our amount multi-tenant retail and position our Company for growth. For added altercation of factors that could materially affect the aftereffect of our advanced statements and our approaching after-effects and banking condition, see the Risk Factors included in our best contempo Annual Report on Form 10-K, as adapted by any consecutive Quarterly Report on Form 10-Q, in anniversary case as filed with the Securities and Exchange Commission. We intend that such advanced statements be accountable 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 appropriate by applicative law. We attention you not to abode disproportionate assurance on any advanced statements, which are fabricated as of the date of this release. We undertake no obligation to amend about any of these advanced statements to reflect absolute results, new advice or approaching events, changes in assumptions or changes in added factors affecting advanced statements, except to the admeasurement appropriate by applicative laws. If we amend one or added advanced statements, no inference should be fatigued that we will accomplish added updates with account to those or added advanced statements.

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