Retail REIT InvenTrust Looks to Expand in South Florida Market

Thomas McGuinness, president and CEO of InvenTrust Properties Corp., participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

McGuinness commented on InvenTrust’s recent acquisition of PGA Plaza, a 120,000-square-foot Trader Joe’s grocery-anchored neighborhood center in Palm Beach Gardens, Florida, for $88 million. “PGA Plaza is a property that checks all the boxes for us,” he said.

McGuinness said that although the south Florida market is “very competitive,” it is a market where InvenTrust wants to expand.