Exhibit 99.1

June 11, 2010

Dear Stockholder:

Inland American continues to execute its business strategy by investing in real estate assets that we believe produce attractive current yield and long-term risk adjusted returns to our stockholders. While we have carefully managed our liquidity, we continue to diversify our portfolio with strategic assets that we believe are positioned to provide future income growth. Our most recent acquisitions include a portfolio of four Marriott-branded hotels for a total purchase price of $80 million.

Annual Meeting of Stockholders – Please Vote Your Proxy

The annual meeting will be held on August 24, 2010 at our corporate offices in Oak Brook, Illinois. The stockholders of record as of May 27, 2010 are being asked to vote on the election of eight directors; the retention of the Company’s accountant, KPMG LLP; and to amend Article X of the Company’s charter regarding a stockholder’s right to inspect and obtain copies of records, including a stockholder list. This particular amendment directly targets mini-tender offers. Daniel L. Goodwin, Chairman and CEO of The Inland Real Estate Group, Inc., authored a recent editorial in Real Estate Forum that discusses the dangers of mini-tenders. We are enclosing that article, and hope you find it informational. Further detail is available in the proxy materials that are available on our website at www.inlandamerican.com. Your vote is important.

First Trust Company of Onaga (“FTCO”)

Inland Real Estate Investment Corporation (“IREIC”), our sponsor, has elected to pay the annual account maintenance fee for the period July 1, 2010 through June 30, 2011 for any FTCO Traditional, ROTH or SEP IRA account that holds at least $10,000 in shares of our common stock as of July 1, 2010. There can be no assurance that IREIC will continue to pay these FTCO annual account maintenance fees, and accountholders may be responsible for paying these fees in the future.

Future Valuation

Under rules published by the Financial Industry Regulatory Authority (“FINRA”), registered broker-dealers must disclose in a customer’s account statement an estimated value for an unlisted REIT’s securities. The FINRA rules prohibit broker-dealers from using a per share estimated value developed from data that is more than eighteen months old. To assist broker-dealers with this requirement, we intend to publish an estimated value that is not based on the offering price of our shares from our last primary offering, no later than October 2010.

Cash Distribution

We have enclosed your cash distribution for the month of May, paid at a rate equal to $0.50 per share on an annualized basis, which was determined by our board of directors in consultation with our business manager. This equates to a 5% annualized yield on a share purchase price of $10.00 (the price at which we last offered shares of our common stock in the primary offering completed in April 2009). If you have invested through a trustee or participate in Direct Deposit or the Distribution Reinvestment Plan, a distribution statement is enclosed in lieu of a check.

We appreciate your investment in Inland American Real Estate Trust, Inc. If you have any questions, please contact your financial advisor or Inland Customer Service at 800.826.8228.

Sincerely,

INLAND AMERICAN REAL ESTATE TRUST, INC.

Enclosure

The statements and certain other information contained in this letter, which can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “continue,” “remains,” “intend,” “aim,” “towards,” “should,” “prospects,” “could,” “future,” “potential,” “believes,” “plans,” “likely,” “anticipate,” “position,” “probable,” “committed,” “achieve,” and “focused,” or the negative thereof or other variations thereon or comparable terminology, constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. These statements should be considered as subject to the many risks and uncertainties that exist in the Company’s operations and business environment. Such risks and uncertainties could cause actual results to differ materially from those projected. These uncertainties include, but are not limited to, economic conditions, market demand and pricing, competitive and cost factors, and other risk factors.