InvenTrust Properties appoints board member
OAK BROOK - Julian E. ("Jay") Whitehurst has been appointed to the InvenTrust board of directors, the company announced.
Whitehurst is president and chief operating officer of National Retail Properties,
"Jay brings to the InvenTrust Board more than 30 years of experience in the commercial real estate industry, with significant expertise in real estate transactions and operations," said Thomas P. McGuinness, President and Chief Executive Officer of InvenTrust. "We believe that Jay's experience as an executive at a successful retail-focused REIT will play a vital role on our Board as we move forward in executing on our pure-play retail platform strategy."
Whitehurst has served as president of National Retail Properties, a publicly-traded single-tenant retail property REIT, since 2006, and as COO since 2004. In these roles, he is responsible for all aspects of operations for the REIT, including acquisitions, dispositions, development, asset management, underwriting, human resources and legal. Whitehurst also served as executive vice president, general counsel and secretary of National Retail Properties from 2003 to 2006.
Prior to joining National Retail Properties, Whitehurst was a shareholder at the law firm of Lowndes, Drosdick, Doster, Kantor & Reed, P.A., where he practiced business and real estate law for over 20 years. He specialized in the representation of institutional investors in general business and real estate acquisition, disposition, finance and development.
With the addition, the InvenTrust Board now consists of six directors.
InvenTrust became a self-managed REIT in 2014 and owned 97 multi-tenant retail properties. The company also maintains a 55 percent ownership stake in a joint venture with PGGM containing 15 open-air centers. InvenTrust's total retail portfolio comprises of 18.5 million square feet of retail space in 24 states. As of December 31, 2015, the Company also owned 11,039 student housing beds and 5.7 million square feet of noncore space.