{"id":16855,"date":"2017-09-20T12:06:02","date_gmt":"2017-09-20T16:06:02","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&#038;p=16855"},"modified":"2017-09-20T12:06:02","modified_gmt":"2017-09-20T16:06:02","slug":"inventrust-properties-corp-acquired-river-oaks-in-valencia-ca","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/inventrust-properties-corp-acquired-river-oaks-in-valencia-ca\/","title":{"rendered":"InvenTrust Properties Corp. Acquired River Oaks in Valencia, CA"},"content":{"rendered":"<h1><strong>InvenTrust Properties Corp. Acquired River Oaks in Valencia, CA<\/strong><\/h1>\n<p>September 19, 2017 | Luke Schmidt | Blue Vault<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-15573\" src=\"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2017\/08\/20170809-stripmall.jpg\" alt=\"20170809 stripmall\" width=\"612\" height=\"408\" srcset=\"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2017\/08\/20170809-stripmall.jpg 612w, https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2017\/08\/20170809-stripmall-600x400.jpg 600w, https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2017\/08\/20170809-stripmall-300x200.jpg 300w\" sizes=\"(max-width: 612px) 100vw, 612px\" \/><\/p>\n<p>On September 18, 2017, InvenTrust Properties Corp. announced the acquisition of River Oaks, a 275,000 square foot grocery-anchored center located in a premier San Fernando Valley sub-market of Los Angeles, CA, for approximately $115 million.<\/p>\n<p>\u00a0\u201cWe are excited to acquire this institutional-quality retail destination positioned at the epicenter of the Valencia retail hub,\u201d said Michael E. Podboy, EVP \u2013 Chief Financial Officer, Chief Investment Officer of InvenTrust. \u201cRiver Oaks is located in a highly desirable suburban market with a diverse tenant lineup and attractive, high performing anchors such as Target, Sprouts and buybuyBaby. We anticipate that this accretive transaction will drive long term value.\u201d<\/p>\n<p>Christopher Covey, Senior Vice President of Transactions, added, \u201cThe acquisition of River Oaks further highlights our continued progress enhancing our portfolio with premier open air retail assets. By expanding our presence in the Los Angeles submarket, we expect to benefit from favorable population demographics in the region and gain operational efficiencies with the nearby InvenTrust-owned Stevenson Ranch Plaza.\u201d<\/p>\n<p>The center features national tenants such as Target, Sprouts, buybuyBaby, ULTA, Total Women Gym &amp; Spa, Pier 1 Imports and Big 5 Sporting Goods.<\/p>\n<p>&nbsp;<\/p>\n<div style=\"clear:both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>InvenTrust Properties Corp. Acquired River Oaks in Valencia, CA September 19, 2017 | Luke Schmidt | Blue Vault On September 18, 2017, InvenTrust Properties Corp. announced the acquisition of River &hellip; <\/p>\n<p><a href=\"https:\/\/qa.bluevaultpartners.com\/inventrust-properties-corp-acquired-river-oaks-in-valencia-ca\/\" class=\"read-more\">Read more<\/a><\/p>\n","protected":false},"author":1985,"featured_media":15573,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3010],"tags":[],"class_list":["post-16855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asset-manager-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>InvenTrust Properties Corp. 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