InvenTrust Properties is a publicly traded retail REIT that operates grocery-anchored neighborhood and community shopping centers in Sun Belt markets. Originally founded in 2004 as Inland American Real Estate Trust, the company underwent a strategic transformation beginning in 2014, selling its hotel portfolio for $1.1 billion and spinning off Xenia Hotels & Resorts in 2015. The company changed its name to InvenTrust Properties in April 2015 and completed additional divestitures, including its student housing division for $1.4 billion in 2016, to focus on multi-tenant retail. In October 2021, InvenTrust listed on the New York Stock Exchange under ticker symbol IVT. The REIT's portfolio consists of open-air retail centers anchored by grocery stores and necessity-based retailers. The company maintains a concentrated Sun Belt footprint, with 97% of its properties located in high-growth markets. Texas represents the largest market concentration, followed by Florida, Georgia, and North Carolina. The portfolio is 89% grocery-anchored, featuring tenants such as Publix, Kroger, and H-E-B. InvenTrust targets retail properties in markets with populations exceeding 70,000 people within a three-mile radius and median household incomes above $70,000. In June 2025, InvenTrust sold five Southern California shopping centers for $306 million, redirecting capital into Sun Belt acquisitions. During the second quarter of 2025, the REIT acquired four properties totaling 330,000 square feet for $105.4 million in Arizona, North Carolina, South Carolina, and Georgia, anchored by tenants including Trader Joe's, Whole Foods, and Publix. The company is headquartered in Downers Grove, Illinois, and employs 101 people.