Name of

Subsidiary

State of

FORMATION

IREIT Athens Eastside, L.L.C.

Delaware

IREIT Branson Hills, L.L.C.

Delaware

IREIT Branson Hills Plaza – T, L.L.C.

Delaware

IREIT Conyers Heritage, L.L.C.

Delaware

IREIT Coral Springs North Hills, L.L.C.

Delaware

IREIT Denton Village, L.L.C.

Delaware

IREIT Flowood Dogwood, L.L.C.

Delaware

IREIT Fresno El Paseo, L.L.C.

Delaware

IREIT Frisco Marketplace, L.L.C.

Delaware

IREIT Frisco Marketplace Outlot, L.L.C.

Delaware

IREIT Harvest Square, L.L.C.

Delaware

IREIT Hot Springs Fairgrounds, L.L.C.

Delaware

IREIT Jacksonville Richlands, L.L.C.

Delaware

IREIT Kansas City Burlington Creek, L.L.C.

Delaware

IREIT Katy Green Tree, L.L.C.

Delaware

IREIT Lake St. Louis Hawk Ridge, L.L.C.

Delaware

IREIT Layton Pointe, L.L.C.

Delaware

IREIT Little Rock Midtowne, L.L.C.

Delaware

IREIT Little Rock Park Avenue, L.L.C.

Delaware

IREIT Louisville Dixie Valley, L.L.C.

Delaware

IREIT Lynchburg Lakeside, L.L.C.

Delaware

IREIT Mansfield Pointe, L.L.C.

Delaware

IREIT Milford Marketplace, L.L.C.

Delaware

IREIT MS Mezz TRS, LLC

Delaware

IREIT MS TRS, LLC

Delaware

IREIT Neenah Fox Point, L.L.C.

Delaware

IREIT Newington Fair, L.L.C.

Delaware

IREIT Newport News Tech Center, L.L.C.

Delaware

IREIT North Myrtle Beach Coastal North, L.L.C.

Delaware

IREIT Northville Park Place, L.L.C.

Delaware

IREIT Ocean Isle Beach Landing, L.L.C.

Delaware

IREIT Olive Branch Wedgewood, L.L.C.

Delaware

IREIT Orange Rusty Leaf, L.L.C.

Delaware

IREIT Owings Mills New Town, L.L.C.

Delaware

IREIT Papillion Market Pointe, L.L.C.

Delaware

IREIT Pittsburgh Settlers Ridge, L.L.C.

Delaware

IREIT Plaistow Pentucket, L.L.C.

Delaware

IREIT Pleasant Prairie Plaza, L.L.C.

Delaware

IREIT Pleasant Prairie Ridge, L.L.C.

Delaware

IREIT Pleasant Prairie Ridge Outlot, L.L.C.

Delaware

IREIT Prattville Legends, L.L.C.

Delaware

IREIT Shoppes at Branson Hills – K, L.L.C.

Delaware

IREIT Shreveport Regal Court, L.L.C.

Delaware

IREIT Shrewsbury White City, L.L.C.

Delaware

IREIT Smyrna Olde Ivy Village, L.L.C.

Delaware

IREIT South Jordan Oquirrh Mountain, L.L.C.

Delaware

IREIT Stevens Point Pinecrest, L.L.C.

Delaware

IREIT TRS, LLC

Delaware

IREIT Turlock Blossom Valley, L.L.C.

Delaware

IREIT Valencia Northpark, L.L.C.

Delaware

IREIT West Bend Main, L.L.C.

Delaware

IREIT West Valley City Lake Park, L.L.C.

Delaware

IREIT Wilson Marketplace, L.L.C.

Delaware

IREIT Woodbury Cityplace, L.L.C.

Delaware

IREIT Yardley Lower Makefield, L.L.C.

Delaware

IREIT Yorkville Marketplace, L.L.C.

Delaware