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Capital Turns to Pure-Play Retail

CHICAGO—InvenTrust's Michael E. Podboy tells all about the firm's pure-play retail strategy and its recent acquisition activity in this EXCLUSIVE interview.

By Kelsi Maree Borland | kelsimareeborland | Updated on May 18, 2016

Podboy: "We believe that our pure-play retail strategy in high-growth target markets will allow us to maximize value for InvenTrust stockholders." Podboy: “We believe that our pure-play retail strategy in high-growth target markets will allow us to maximize value for InvenTrust stockholders.”

CHICAGO—InvenTrust Properties Corp. is turning its attention to a pure-play retail strategy, according to Michael E. Podboy, EVP, chief financial officer, chief investment officer and treasurer at the firm. InvenTrust, which changed its name last year from Inland American Real Estate Trust, has been aggressively acquiring and disposing of properties across the country. Last month alone, the company spent $330 million on retail properties, and an announcement in January verified that the firm was exiting the student housing market to focus on retail. To find out more about the inner workings of this strategy we sat down with Podboy for an exclusive interview. Here, he tells all about the firm’s strategy and where they are headed.

GlobeSt.com: Tell me about InvenTrust’s investment strategy.

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