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Inland American Real Estate Trust, Inc.

 

 

 

 

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Inland American Real Estate Trust, Inc. (Inland American), a non-listed REIT formed in October of 2004, focused on acquiring and managing a diversified portfolio of commercial real estate, including primarily retail, lodging and student housing properties across the United States. As of December 31, 2013, the last full quarter prior to the time that Inland American internalized the functions performed by Inland, as the REIT's business manager, the portfolio was comprised of 277 properties including retail, hotel, student housing, office and industrial.

On March 12, 2014, Inland American became self-managed and was subsequently renamed as InvenTrust Properties Corp. (InvenTrust) in April 2015. The hotel portion of its portfolio was listed on February 4, 2015 as Xenia Hotels & Resorts, Inc. (NYSE:XHR). In addition, InvenTrust completed the disposition of 22 non-core assets through the spin-off of Highlands REIT, Inc. (Highlands).

  • October 2004

    Inland American Formed

  • August 2005

    Capital Raise Begins

  • November 2005

    First Distribution Paid

  • April 2009

    Capital Raise Ends

  • March 2014

    Inland American Becomes Self-Managed

  • After Self-Management
    February 2015

    Spin Off of Hotel Portfolio – NYSE:XHR

  • April 2016

    Spin Off of Non-core Assets – Highlands REIT, Inc.

Initial Per Share Purchase Price $10.00
Primary Offering Gross Proceeds $7.9 billion
Approximate Total Distributions $5.5 billion*
Total Distributions Plus Implied Value $7.8 billion

* Inland American’s Approximate Total Distributions is a summation of the program’s cash distributions through June 30, 2019, plus distributions of XHR common stock and Highlands common stock pursuant to the spin-offs described above.

Total Distributions Plus Implied Value = Approximate Total Distributions, plus the aggregate value of all InvenTrust shares outstanding as of June 30, 2016, based upon the estimated value of $3.14 per InvenTrust share as of May 1, 2016.

Inland American suspended its share repurchase program, effective March 30, 2009, but later adopted an amended and restated program, which became effective on April 11, 2011, to repurchase shares upon the death of a beneficial owner, and again amended its program, effective February 1, 2012, for repurchases in connection with a qualifying disability or confinement to a long-term care facility. Inland American’s board voted to suspend the second amended program on January 29, 2014. On November 1, 2019, Inland American announced the launch of a new share repurchase plan which will be effective on December 1, 2019. Details regarding the new share repurchase program and its limitations can be found at http://www.inventrustsrp.com.

Inland is not affiliated with InvenTrust, XHR or Highlands. This communication, which was prepared solely by Inland Investments, was neither authorized, directed nor approved by InvenTrust, XHR or Highlands. InvenTrust, XHR and Highlands have provided no opinion on its truth or accuracy. Questions regarding InvenTrust should be directed to InvenTrust Investor Services at (855) 377-0510. For InvenTrust’s 2019 estimated per share value of its Common Stock, please refer to InvenTrust’s Current Report on Form 8-K filed with the Securities and Exchange Commission (SEC) on May 9, 2019.

There is no guarantee that a liquidity event will occur. Past performance is not a guarantee of future results.

This website is neither an offer to sell nor a solicitation of an offer to buy any security which can be made only by a prospectus or offering memorandum, which has been filed or registered with appropriate state and federal regulatory agencies, and sold only by broker dealers and registered investment advisors authorized to do so. All of the content on inland-investments.com is subject to terms and conditions available on Important Disclosures.

The Inland name and logo are registered trademarks being used under license. "Inland" refers to The Inland Real Estate Group of Companies, Inc. which is comprised of a group of independent legal entities some of which may be affiliates, share some common ownership or have been sponsored and managed by such entities or subsidiaries thereof including the Inland Real Estate Investment Corporation (Inland Investments) and Inland Securities Corporation. Inland Securities Corporation, member FINRA/SIPC, is dealer manager and placement agent for programs sponsored by Inland Investments and Inland Private Capital, respectively. For more information on Inland Securities Corporation, visit FINRA BrokerCheck.