KATY, TX--InvenTrust Properties Corp. has acquired Price Plaza, a 205,813-square-foot, 92 percent occupied power center located in Katy for approximately $35.8 million.
"[The acquisition of] Price Plaza further strengthens our presence in target markets," Michael E. Podboy, executive vice president – chief financial officer, chief investment officer of InvenTrust, said in a release.
"We believe that [this acquisition] and our overall strategy, will further strengthen InvenTrust's portfolio, improve our portfolio population and income demographics and provide opportunities to grow net operating income so that we can continue to drive value for shareholders."
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