Employment Offer Letter, dated as of May 10, 2018, by and between InvenTrust Properties Corp. and Ivy Greaner

The details of our offer are as follows:

Your annual base salary will be $475,000.00, paid in bi-weekly installments on alternate Fridays, less applicable taxes and withholdings. Your base salary will be reviewed for increase on an annual basis, beginning in early 2019, consistent with the practices of the organization at large and other senior level executives.

As of your date of hire, you will be eligible to participate in both components of InvenTrust’s discretionary incentive programs including an annual cash bonus, beginning in performance year 2018, and long term incentives (“LTI”).

The target annual cash bonus for your position is 90% of your base salary. Eligibility for this bonus is based on individual job performance (25%), Company performance (75%) and your continued active employment through the bonus payout date. If earned, your 2018 bonus will be paid in early 2019 and will be pro-rated based on your start date. Performance targets are identified in writing annually and approved by the Board of Directors.

The 2018 annual LTI award for your position is Restricted Stock Units (RSUs) with a value of $500,000. Vesting on this award is 33% on 12/31/18, 33% on 12/31/19 and 34% on 12/31/20. Dividend equivalent payments on unvested shares will be made on a quarterly basis.

You will receive a one-time signing bonus of $100,000.00, subject to applicable taxes and withholdings. This bonus will be paid as follows: $50,000.00 to be paid on the first regular pay date following your date of hire and the remaining $50,000.00 to be paid two pay periods later.

The Company will reimburse for the cost of reasonable and customary relocation costs. Additionally, the company will pay for 2 round trips between Chicago and San Francisco, CA and/or Florida (with accommodations) for house hunting purposes and the cost of one-way transportation to Chicago at the time of the final move.

The Company provides paid time off for holidays, floating holidays, vacation and sick days.

You will be eligible to participate in group insurance and benefit plans available to InvenTrust employees as summarized on the attached Benefits at a Glance document. As a new hire, your eligibility begins on the first day of employment. During your first week of employment, we will review all the benefits programs.

This employment offer is made contingent upon your successful completion of the pre-employment background check, drug test and provision of all necessary documents. InvenTrust is an at-will employer. By your signature you agree to the terms of this offer.

We are pleased that you have considered InvenTrust and are excited to have you as a part of our team. Please do not hesitate to contact me should you have any questions regarding this offer. We look forward to hearing from you soon.