The Sun Belt-focused retail REIT plans to tap the proceeds to pay down existing debt as it locks in fixed rates averaging 5.44%.

April 20, 2026

InvenTrust Properties Corp., a Downers Grove, Illinois-based real estate investment trust focused on grocery-anchored retail centers across Sun Belt markets, has signed a definitive agreement to issue $250 million in senior unsecured notes through a private placement, the company announced.

Three-tranche structure

The offering is structured across three tranches with staggered maturities:

• Series A: $50 million at a 5.09% coupon, maturing June 29, 2029
• Series B: $100 million at 5.32%, maturing June 29, 2031
• Series C: $100 million at 5.60%, maturing June 29, 2033

Taken together, the notes carry a weighted average tenor of roughly 5.4 years and a weighted average fixed interest rate of 5.44%.

Timing and use of proceeds

The notes, which trade on the NYSE under the ticker IVT, are expected to close on June 29, 2026, subject to customary closing conditions. InvenTrust plans to deploy the net proceeds for general corporate purposes, including paying down existing indebtedness — a move that could help the REIT manage its debt maturity schedule while locking in fixed rates over a multi-year horizon.

Under the terms of the deal, the notes would be required to be absolutely and unconditionally guaranteed by certain InvenTrust subsidiaries that guarantee the company’s primary credit facilities, if any. However, InvenTrust does not currently expect any subsidiary guarantees to be in place at the time of issuance.

Registration and exemption

The notes have not been registered under the Securities Act of 1933 or any state securities laws and will be sold in reliance on the exemption from registration provided under Section 4(a)(2) of the Securities Act. As such, they may not be offered or sold in the United States absent registration or an applicable exemption.

Company backdrop

InvenTrust operates as a multi-tenant essential retail REIT with a portfolio centered on grocery-anchored neighborhood and community centers, along with high-quality power centers that often include a grocery component. Its strategy emphasizes acquiring retail properties in Sun Belt markets, selectively disposing of assets, and maintaining a flexible capital structure — an approach that has helped the company build a reputation as a trusted local operator across its markets.

The transaction highlights ongoing appetite among institutional debt investors for Sun Belt retail exposure, even as the broader retail sector continues to navigate shifts driven by e-commerce, retailer consolidation, and evolving trade policies.