Wednesday, April 29, 2015


Inland American changed its name to InvenTrust Properties Corp on April 16, 2015.  I would have posted earlier but I am still laughing at this nonsense name.  Inland needs to invent some equity for Inland American investors rather than waste time and money thinking of a made-up name.   The new logo is cool, although I am not sure what it signifies.

InvenTrust's spin-off of Xenia Hotels and Resorts (XHR) has held up well in the market since its listing in February.  It has traded over $22 per share since mid-March.  Inland has had more good news, as its latest non-traded REIT, Inland Real Estate Income Trust, raised over $88 million in March, placing it third out of all non-traded REITs in sales.  Not too shabby.


Anonymous said...

Congrats to them for raising $88M last month. However, I would suspect it has a lot to do with the fact that they are one of only a few options available at most BD's right now. i.e. they are one of two offerings at NPH right now. Since Cole and RCS were on the sidelines, it was like having ice hockey in the winter olympics with the Russians and USA boycotting and Brazil winning by default.

Rational Realist said...

yes, I agree, Inland had some positive factors helping it, but still, $88 mill by almost a factor of two, is the best month Inland has had in a long time. Over three months it was in the top five. Going forward it'll be interesting to watch as Cole, ARC, NorthStar, and Griffin get back. While Inland got cash while some of its competitors were off-line, Hines Global II can't get any traction and didn't even place in the top 15 over one or three months.

manfaat bagus said...

I think you are right ...

Anonymous said...

NPH will start to lose advisors.

Anonymous said...

Run....and don't look back !!!!!!!!!!!!!!!!!!

Inland NAV 12/31/13 $6.94/share (initial offering price $10/share)
Xenia spin-off February 2015 (2.76)/share Cost $22.08/8 for 1 shares
Net Inland NAV $4.18/share
Add'l valuation loss (.18)/share
Inland NAV 12/31/14 $4.00/share

Top Inland executives received maximum incentives in 2014 ...CEO just short of $1.0 million...yet performance/NAV valuation declined...says it all
Incentive measures/targets are NOT in alignment with investor/shareholder value appreciation