InvenTrust Properties Corp. (NYSE:IVT) entered into a purchase and sale agreement to acquire Escarpment Village and Arbor Trails Shopping Center in Austin, Texas on October 22, 2021. As of October 28, 2021, the transaction is expected to be completed on January 18, 2022.

As of November 1, 2021, the purchase of the properties is expected to be completed in early 2022. The purchase of the assets is subject to customary due diligence and closing conditions.