InvenTrust Properties Corp. Announces Chief Financial Officer and Treasurer Changes, Effective as August 6, 2021
February 23, 2021 at 04:02 pm EST
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InvenTrust Properties Corp. announced that Daniel J. Busch will step down as Chief Financial Officer and Treasurer effective as of August 6, 2021. On February 18, 2021, the Board appointed Michael Phillips as Chief Financial Officer and Treasurer effective as of August 6, 2021 upon Mr. Busch’s resignation from such positions on such date. He will step down as Chief Accounting Officer and Controller effective as of August 6, 2021. Mr. Phillips, age 39, joined the Company in 2009 and has served in various accounting and finance roles, including most recently as Senior Vice President, Chief Accounting Officer and Controller since April 2020, as Vice President, Controller from March 2017 to April 2020, and as Vice President, Controller Property Accounting from January 2016 to March 2017. Prior to his employment with the Company, Mr. Phillips served as Manager of Finance for Pasquinelli Homebuilding. He graduated from The University of Iowa Tippie College of Business with a Bachelor of Business Administration in Finance and received a Master of Science in Real Estate from Roosevelt University. He is a Certified Public Accountant.
InvenTrust Properties Corp. is a Sun Belt, multi-tenant essential retail real estate investment trust (REIT). The Company owns, leases, redevelops, acquires, and manages grocery-anchored neighborhood and community centers, as well as power centers that often have a grocery component. It is focused on owning, leasing, redeveloping, acquiring, and managing a multi-tenant retail platform. The Company owns approximately 62 retail properties with a total gross leasable area (GLA) of approximately 10.3 million square feet. Its retail properties consist of community and neighborhood centers and power centers. Community and neighborhood centers are generally open-air and designed for tenants that offer a wide array of merchandise and services, including groceries, soft goods, and convenience-oriented offerings. Power centers are generally larger and consist of several anchors, such as discount department stores, off-price stores, specialty grocers and warehouse clubs.