Inland Real Estate Income Trust, Inc.

Inland Real Estate Income Trust, Inc. (Inland Income Trust) commenced its public offering on October 18, 2012 and closed its offering to the public on October 16, 2015. Inland Income Trust was formed in August of 2011 to acquire or develop a diversified portfolio of commercial real estate including retail properties, office buildings, multifamily properties and industrial/distribution and warehouse facilities, with a primary focus on retail properties located in the United States. As of September 30, 2016, the portfolio was comprised of 56 retail properties located in 23 states, collectively totaling approximately 6.3 million square feet.

Inland American Real Estate Trust, Inc.

Inland American Real Estate Trust, Inc. (Inland American), a nonlisted REIT formed in October of 2004, focused on acquiring and managing a diversified portfolio of commercial real estate, including primarily retail, lodging and student housing properties across the United States. As of December 31, 2013, the last full quarter prior to the time that Inland American internalized the functions performed by the business manager, the portfolio was comprised of 227 properties including retail, hotel, student housing, office and industrial.

On March 12, 2014, Inland American became self-managed and subsequently rebranded as InvenTrust Properties Corp. (InvenTrust) in April of 2015. The hotel portion of its portfolio was listed on February 4, 2015 as Xenia Hotels & Resorts, Inc. (NYSE: XHR). In addition, InvenTrust completed the disposition of 22 noncore assets through the spin-off of Highlands REIT, Inc. (Highlands).