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.
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.
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