Exhibit 10.4


THIRD AMENDMENT TO

PURCHASE AND SALE AGREEMENT


THIS THIRD AMENDMENT
TO PURCHASE AND SALE AGREEMENT (this “Third Amendment”) is made and entered into as of July 19, 2017
(the “Amendment Effective Date”), by and between Verandas at Mitylene, LLC, a Delaware limited
liability company ("Seller"), and Inland Real Estate Acquisitions, Inc., an Illinois corporation
("Purchaser").


WITNESSETH THAT:


WHEREAS, Purchaser
and Seller entered into that certain Purchase and Sale Agreement, dated May 30, 2017, as amended by that certain First Amendment
to Purchase and Sale Agreement, dated as of June 12, 2017, and as further amended by that certain Second Amendment to Purchase
and Sale Agreement, dated as of July 6, 2017 (collectively, the "Contract"), with respect to certain
real property located in Montgomery County, Alabama, and being more particularly described in the Contract; and


WHEREAS, Purchaser
and Seller desire to amend the Contract as hereinafter set forth.


NOW, THEREFORE,
for and in consideration of the mutual covenants contained herein, the sum of Ten Dollars ($10.00) and other good and valuable
consideration, paid by each of the parties hereto to the other, the receipt and sufficiency of which are hereby acknowledged, Purchaser
and Seller hereby agree as follows:


1.                 
Definitions. Capitalized terms used herein and not otherwise defined
herein shall have the meanings respectively ascribed to them in the Contract.


2.                 
Increase in Purchase Price. The Purchase Price specified in Section 1.4 of the Contract is hereby amended
to be Thirty Six Million Five Hundred Fifty Thousand and No/100 Dollars ($36,550,000.00).


3.                 
Ratification. Except as amended hereinabove, the Contract remains unmodified
and is hereby ratified and confirmed for all purposes and in all respects. 


4.                 
Counterparts. This Third Amendment may be executed in multiple, telecopied counterparts,
all of which shall constitute one and the same instrument. 


5.                 
Entire Agreement. The Contract, as amended by this Third Amendment, constitutes
the entire agreement of the parties with respect to the subject matter thereof and fully supersedes any and all prior or contemporaneous
written or oral agreements and understandings between the parties pertaining to such subject matter.


6.                 
Time of the Essence. Time is of the essence with respect to the Contract and
this Third Amendment. 


[Signature pages
follow]




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IN WITNESS WHEREOF,
Purchaser and Seller have executed this Third Amendment as of the Amendment Effective Date.


 


	 	
        SELLER:

         

        VERANDAS AT MITYLENE, LLC,

        a Delaware limited liability company

	 	 	 	 	 
	 	By:	
        FDC Development JV, LLC,

        a Delaware limited liability company, its sole
        Member

	 	 	 	 	 
	 	 	By:	
        Flournoy Development Company, LLC,

        a Georgia limited liability company, its Manager

	 	 	 	 	 
	 	 	 	By:	/s/ Thomas H. Flournoy
	 	 	 		Thomas H. Flournoy, its President


 


 


[Signatures continued on following page]




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[Signatures continued from preceding
page]


 


	 	
        PURCHASER:

         

        Inland
        Real Estate Acquisitions, Inc.,

        an Illinois corporation

	 	 	 
	 	By:	/s/ Mark J. Cosenza
	 	Name:	Mark J. Cosenza
	 	Title:	Senior Vice President


 


 


[End of signatures]


 


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