Company: INRE
Filing Date: 2025-11-12
Form Type: DEFA14A
Source: 0001193125-25-277322
Chunk: 1

Company: Inland Real Estate Income Trust, Inc.
Filing Date: 2025-11-12
Form: DEFA14A
Chunk 1
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”) has been reviewing strategic alternatives including sale of the Company. The Board retained a financial advisor and through the financial advisor engaged in discussions with potential purchasers. Based on this engagement and subsequent follow-up review and discussion, the Board has decided not to pursue the sale of the Company at this time. The Board has asked the Company’s Business Manager to evaluate the Company’s business plan and related strategy and to consider and present alternatives and enhancements to this plan and strategy for the Board to review. The goal is to increase assets and cash flow on an accretive basis as well as enhance our capital (primarily equity) and provide liquidity to stockholders over time. The Board may also engage other third parties to provide further strategic insight and review. To address upcoming debt maturities, the Company expects to enter into an amended credit facility agreement that will both extend the term of the agreement and increase the amount that may be drawn under the facility. The Company expects to repay maturing indebtedness secured by certain of the Company’s properties by drawing on the credit facility. Further, solely to assist broker-dealers in satisfying their obligations to report values on customer account statements, the Company anticipates publishing an estimate of per share net asset value as of September 30, 2025 no later than December 31, 2025.

Appointment of Anthony Chereso as Director

On November 5, 2025, the Board, upon recommendation of the Nominating and Governance Committee of the Board, increased the size of the Board from six to seven members and appointed Anthony Chereso as a Class II director of the Company, effective immediately, and to serve as a Class II director until the 2026 Annual Meeting of Stockholders or until his successor is duly elected and qualifies.

Anthony Chereso, age 62, is the chief executive officer and president of Inland, a position in which he has served since January 2024. Mr. Chereso joined Inland in July 2022 as the chief financial officer and has over 30 years of experience in finance, tax, audit, commercial real estate, capital markets and the alternative investment industry.

Mr. Chereso serves on the boards of directors of numerous Inland entities, including the Company’s Business Manager (since May 2025), Inland Real Estate Investment Corporation (since February 2024), Inland Private Capital Corporation (since February 2024), Inland Securities Corporation (since May 2025), and Inland Real Estate Acquisitions, LLC (since February