The Inland Real Estate Group of Companies, Inc. CEO Daniel L. Goodwin to serve as Chairman

OAK BROOK, Ill.--(BUSINESS WIRE)-- Inland Real Estate Income Trust, Inc., a non-listed company, today announced the five members of its board of directors. Inland Real Estate Income Trust is the newest company to be sponsored by Inland Real Estate Investment Corporation, sponsor of five previous REITs.

The Inland Real Estate Income Trust board of directors includes:

Daniel L. Goodwin, Director and Chairman of the Board
Mr. Goodwin is the chairman and chief executive officer of The Inland Real Estate Group of Companies, Inc. He is a director and former chairman of the board of Inland Real Estate Corporation (IRC), a publicly-traded REIT listed on the New York Stock Exchange (NYSE: IRC). He is the chairman of the NAREIT-Public Non-Listed REIT Council. He has been chairman of three bank holding companies, past chairman of Northeastern Illinois University and the current chairman of Benedictine University. In 2009, the Better Business Bureau presented the Ethics in Business Award to Mr. Goodwin and the Inland Real Estate Group of Companies. Mr. Goodwin is a member of the Chicago Association of REALTORS Hall of Fame, the Illinois Association of REALTORS Hall of Fame and the National Association of REALTORS Hall of Fame.

JoAnn M. Armenta, Director
In addition to serving as a director, Ms. Armenta is also the president and chief operating officer of Inland Real Estate Income Trust. She currently serves as the president and chief executive officer of the entities owning the real estate managers for Inland Diversified Real Estate Trust, Inc. She oversees the management, leasing, marketing and operations of Inland Diversifieds properties and is also responsible for due diligence on the assets Inland Diversified purchases. Previously, she served as senior vice president of the entities owning the real estate managers for Inland American Real Estate Trust, Inc.

Lee A. Daniels, Independent Director
Mr. Daniels has nearly 40 years of legal and commercial real estate experience. From 2007 to 2012, Mr. Daniels was a principal of a commercial real estate firm. Mr. Daniels also founded Lee Daniels & Associates, LLC, a consulting firm for government and community relations,. Mr. Daniels also served as a member of the Illinois House of Representatives from 1975 to 2007, and was Speaker of the Illinois House of Representatives from 1995 to 1997, as well as Minority Leader from 1983 to 1995 and 1998 to 2003. He has served as a director of Inland Diversified Real Estate Trust, Inc. since August 2008.

Stephen Davis, Independent Director
Mr. Davis has over 20 years of experience in real estate development. He has been the president of The Will Group, Inc. a construction company, since founding the company in 1986. Since October 2003, Mr. Davis has also overseen property management operations for several properties owned by a family-owned real estate trust. Mr. Davis serves as a director of the Wheaton Bank & Trust and as a director and the commissioner of aviation for the DuPage County Airport Authority, in DuPage County, Ill.

Gwen Henry, Independent Director
Ms. Henry currently serves as the treasurer of DuPage County, Ill., and as a partner in Dugan & Lopatka, an accounting firm based in Wheaton, Ill. Since January 2012, she has served as the president of the Illinois Municipal Retirement Fund. Ms. Henry previously served as DuPage County Forest Preserve Commissioner and served as mayor of Wheaton, Ill., from March 1990 to December 2002.

About Inland Real Estate Income Trust, Inc.

Inland Real Estate Income Trust, Inc. was formed in August 2011 to acquire, directly or through joint ventures, a diversified portfolio of commercial real estate located throughout the United States. Inland Real Estate Income Trust, Inc. is sponsored by Inland Real Estate Investment Corporation.

This is neither an offer to sell nor the solicitation of an offer to buy any security, which can be made only by the prospectus which has been filed or registered with appropriate state and federal regulatory agencies, nor will there be any sale of securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. No regulatory agency has passed on or endorsed the merits of this offering. Any representation to the contrary is unlawful.

Inland Marketing & Communications, Inc.
Joel Cunningham, 630-586-4897
cunninghamj@inlandgroup.com

Source: Inland Real Estate Income Trust, Inc.

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