An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
InvenTrust Properties Corp. Announces Promotion of David Heimberger to Chief Investment Officer
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
InvenTrust Properties Corp. (NYSE: IVT) has announced the promotion of David Heimberger to Chief Investment Officer. Heimberger, previously Senior Vice President of Capital Markets, will oversee InvenTrust’s investment strategy and transactions team, focusing on property acquisitions and dispositions. His decade-long experience with the company includes significant contributions to its portfolio, especially in essential-based properties in the Sun Belt region. This leadership change aims to enhance shareholder value and continue the company's disciplined growth strategy.
Positive
David Heimberger's promotion to CIO brings extensive experience in capital markets and transaction expertise.
Heimberger has been instrumental in transforming InvenTrust's portfolio towards essential retail properties in key markets.
His leadership is expected to strengthen the company's investment strategy and maintain a solid financial profile.
Negative
None.
DOWNERS GROVE, III.--(BUSINESS WIRE)--
InvenTrust Properties Corp. (“InvenTrust” or the “Company”) (NYSE: IVT) today announced that David Heimberger, InvenTrust’s Senior Vice President of Capital Markets, Investor Relations and Transactions has been promoted to the role of Chief Investment Officer, effective immediately.
(Photo: Business Wire)
As Chief Investment Officer, Mr. Heimberger will be responsible for developing and executing on InvenTrust’s investment strategy, including continuing to lead the Company’s transactions team and overseeing all property level acquisitions and dispositions. Mr. Heimberger will also continue to lead the Company’s Investor Relations and Capital Markets teams.
“Dave is a proven leader with significant transaction expertise and a deep understanding of our business, and I am proud to announce his promotion to the role of CIO,” said DJ Busch, President and CEO of InvenTrust. “During his 10 years with InvenTrust, Dave has made significant contributions to transform our portfolio to focus on essential-based properties in key markets across the Sun Belt and his prudent approach has helped us to maintain a strong, flexible balance sheet. I look forward to continuing to work with Dave in his expanded role as we leverage InvenTrust’s strong financial profile to continue to execute our disciplined growth strategy.”
“I am excited to take on this new position and play a larger role in InvenTrust’s future success,” said Mr. Heimberger. “I look forward to continuing to lead our transactions team as we execute our disciplined portfolio strategy to expand in our key Sun Belt markets with well-located, resilient properties and deliver enhanced value for all InvenTrust shareholders.”
About David Heimberger
David Heimberger has served in a variety of leadership positions for InvenTrust since joining the Company in 2011, including Director of Investments and Corporate Finance, Vice President of Capital Markets and Senior Vice President of Capital Markets, Investor Relations and Transactions. During his tenure with InvenTrust, Mr. Heimberger has been involved in the execution of more than $7 billion of real estate related transactions. Prior to joining InvenTrust, he served in an asset management role for Golub & Company, a Chicago-based real estate development and investment firm. Previously, he served as a financial analyst for the transactions team of May Center Advisors. Mr. Heimberger holds a B.S. in Finance from the Illinois State University College of Business.
About InvenTrust Properties Corp.
InvenTrust Properties Corp. (“we,” the “Company,” “our,” “us,” "IVT" or "InvenTrust") is a premier Sun Belt, 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 that often have a grocery component. A trusted, local operator bringing real estate expertise to its tenant relationships, IVT has built a strong reputation with market participants across its portfolio. IVT is also committed to leadership in environmental, social and governance (ESG) practices and has been a Global Real Estate Sustainability Benchmark (“GRESB”) member since 2018. As of September 30, 2021, the Company is an owner and manager of 63 retail properties, representing 10.6 million square feet of retail space. For more information, please visit www.inventrustproperties.com.
Forward-Looking Statements Disclaimer
Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements, including statements regarding management’s intentions, beliefs, expectations, plans or predictions of the future and are typically identified by words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “preliminary,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations. For further discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see our filings with the SEC, including the Risk Factors included in our most recent Annual Report on Form 10-K, as updated by any subsequent Quarterly Report on Form 10-Q, in each case as filed with the SEC. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
