InvenTrust Properties Corp. Enters into Separation and Consulting Agreement with David F. Collins
September 07, 2017 at 05:08 pm
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InvenTrust Properties Corp. approved, and on September 6, 2017, the company entered into, a separation and consulting agreement with Mr. David F. Collins. Pursuant to the separation agreement, Mr. Collins resigned his employment with the company effective as of December 31, 2017. Until the separation date, Mr. Collins will continue to serve as Executive Vice President, Portfolio Management of the company, subject and pursuant to the terms of his amended and restated employment agreement with the company. Following the separation date (and provided that Mr. Collins remains employed with the company through the separation date), Mr. Collins will provide consulting services to the company during the period commencing on January 1, 2018 and ending on June 30, 2018. The separation agreement provides that Mr. Collins will render an average of 10 hours of consulting services per week during the consulting period. The consulting services to be provided include sourcing the acquisition of retail properties by the company, assisting in negotiations with major real estate tenants, advising the company regarding financial performance, participating in the mentoring of the executive team and such other services as may be requested by the company's Chief Executive Officer or Chief Financial Officer.
InvenTrust Properties Corp. is a Sun Belt, multi-tenant essential retail real estate investment trust (REIT). The Company owns, leases, redevelops, acquires, and manages grocery-anchored neighborhood and community centers, as well as power centers that often have a grocery component. It is focused on owning, leasing, redeveloping, acquiring, and managing a multi-tenant retail platform. The Company owns approximately 62 retail properties with a total gross leasable area (GLA) of approximately 10.3 million square feet. Its retail properties consist of community and neighborhood centers and power centers. Community and neighborhood centers are generally open-air and designed for tenants that offer a wide array of merchandise and services, including groceries, soft goods, and convenience-oriented offerings. Power centers are generally larger and consist of several anchors, such as discount department stores, off-price stores, specialty grocers and warehouse clubs.
INVENTRUST PROPERTIES CORP. 
