On January 13, 2024, Mitchell A. Sabshon, the President and Chief Executive Officer of Inland Real Estate Income Trust, Inc. (the Company) notified the Company that, he was also resigning his position as a director of the Company and as the Company?s President, effective at the close of business on January 31, 2024. His resignation was not the result of any disagreement with the Company on any matter relating to the Company?s operations, policies or practices. On January 18, 2024, the Board of the Company elected Mark E. Zalatoris to serve as the Company?s President effective February 1, 2024 and elected Mr. Zalatoris to fill the vacancy resulting from Mr. Sabshon?s resignation as a director also effective February 1, 2024.

Since 2018, Mr. Zalatoris has been the lead independent director of Parkway Bancorp and wholly-owned subsidiary, Parkway Bank. He also served in multiple positions at IRC Retail Centers, including as a member of the board of directors, Chief Executive Officer and President from 2008 to 2017; Executive Vice President and Chief Operating Officer from 2004 to 2008; and Senior Vice President, Chief Financial Officer and Treasurer from 2000 to 2004. IRC Retail Centers was a REIT originally formed and sponsored by affiliates of the Business Manager.

Mr. Zalatoris earned his undergraduate degree from University of Illinois, Urbana-Champaign and his Master of Accounting Science degree from University of Illinois, Urbana-Champaign.