Company: INRE
Filing Date: 2025-02-25
Form Type: SC TO-T
Source: 0001104659-25-016813
Chunk: 2

Company: Inland Real Estate Income Trust, Inc.
Filing Date: 2025-02-25
Form: SC TO-T
Chunk 2
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36,152,049 shares of common stock outstanding as of March 12, 2024, according to the Corporation’s Annual
Report on Form 10-K for the year ended December 31, 2023, and 36,108,936 shares of common stock outstanding as of November 6,
2024, according to the Corporation’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024.
The Purchaser and its affiliates currently own approximately 803,873 shares of the Corporation’s common stock, or approximately
2.2% of the common stock outstanding as of November 6, 2024. The 1,025,000 Shares subject to the Offer constitute approximately 2.8%
of the outstanding shares of common stock of the Corporation as of November 6, 2024. Consummation of the Offer, if all Shares sought
are tendered, would require payment by the Purchaser of up to $12,812,500 in aggregate purchase price, which the Purchaser intends to
fund out of its available cash on hand.

The address of the Corporation’s principal executive offices
is 2901 Butterfield Road, Oak Brook, Illinois 60523, and its phone number is (630) 218-8000.

The information in the Offer to Purchase, including
all schedules and annexes thereto, is hereby expressly incorporated herein by reference in response to all the items of this Statement.

Item 12..

| (a)(1)    | Offer to Purchase                |
| (a)(2)    | Assignment Form                  |
| (a)(3)    | Letter to Shareholders           |
| (a)(4)    | Summary Advertisement            |
| (b) - (h) | Not applicable.                  |
| 107       | Calculation of Filing Fee Table. |

Item 13..

Not applicable.

<div align='center'>SIGNATURES</div>

After due inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated:
February 25, 2025

Comrit Investments 1, LP

| By: Comrit Investments Ltd., its General Partner |

| By: | /s/ Ziv Sapir           |
|     | Ziv Sapir               
 Chief Executive Officer |

Comrit Investments Ltd.

| By: | /s/ Ziv Sapir           |
|     | Ziv Sap