Highlands REIT, Inc. to Appoint Richard Vance as President and Chief Executive Officer and a Member of its Board of Directors
April 14, 2016 at 05:16 pm
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InvenTrust Properties Corp. announced that its Board of Directors has formally authorized the distribution of 100% of the outstanding shares of common stock of Highlands REIT, Inc. The distribution of shares of Highlands common stock is expected to occur on April 28, 2016. Highlands will be led by Richard Vance, who currently serves as InvenTrust's Senior Vice President – Portfolio Management & Corporate Strategy, a role in which he has been responsible for managing InvenTrust's “non-core” portfolio with regard to asset management, property operations and leasing.
Mr. Vance will serve as Highlands' President and Chief Executive Officer and a member of Highlands' Board of Directors.
Highlands REIT, Inc. is a self-advised and self-administered real estate investment trust (REIT). The Company owns and manages substantially all of the non-core investment properties. The Company operates through two segments: multi-family and other. The Company's portfolio of investment properties consisted of 13 multi-family, three retail, one office and two industrial properties, one correctional facility and one parcel of unimproved land, which are all located in the United States. The Company's properties include 1620 Central, Buerger Brothers Lofts, Chamber Lofts, Kenilworth Court, Tennyson44, The Detroit and Detroit Terraces, The Lafayette, The Locale, The Muse, The Sterling, Hudson Correctional Facility, Market at Hilliard, The Q Lofts, Sherman Plaza and others.
HIGHLANDS REIT, INC. 
