2Q 2011 FlashReport All Data as of June 30, 2011 PORTFOLIO SUMMARY Total Assets $11.2 billion Total Cash $230 million Total Distributions Since Inception $1.7 billion Number of Properties (a) 981 Mortgage Loans to Total Assets 49% Current Annualized Distribution Rate (b) 6.2% (a) Owned directly or indirectly through joint ventures (b) Yield based on $8.03 estimated share price or 5% on $10.00 share price TOP TEN TENANTS % of Total Tenant Annualized Income SunTrust Banks 8.6% AT&T 6.9% Citizens Banks 3.2% Sanofi-Aventis 2.6% United Healthcare Services 2.5% C&S Wholesaler Grocers 2.3% Atlas Cold Storage 2.0% Stop-n-Shop 1.6% Cornell Corrections 1.6% Lockheed Martin Corp. 1.3% 75% of Top 10 Revenue Tenants are Rated Investment Grade A Program Sponsored by Inland Real Estate Investment Corporation The Track Record Company™ 2011 COMPANY HIGHLIGHTS Largest non-traded REIT in a $70 billion industry, with over 185,000 stockholders. Retired, refinanced, or secured financing on $608 million in debt. Debt Maturities As of Weighted Aver % of In millions 6/30/11 Interest Rate Total Assets 2011 $302.0 4.10% 2.7% 2012 $705.4 3.95% 6.3% 2013 $1,081.1 4.78% 9.1% 2014 $303.7 5.45% 2.7% 2015 $460.1 5.44% 4.1% During 2011, declared distributions totaling $213.4 million or $0.50 per share on an annualized basis. Maintained strong occupancy rates throughout the portfolio: Retail – 93% Office – 92% Industrial – 90% Lodging – 71% Multi-Family – 92% REVENUE BREAKDOWN % Change % of YTD In millions YTD YTD 2010 Total Rev Retail $193.8 10.6% 28.8% Lodging $286.3 20.0% 42.5% Office $94.8 0.1% 14.1% Industrial / Distribution $47.3 5.5% 7.0% Multi-Family $51.1 21.6% 7.6% Total $673.2 13.1%

Retail $4.2B 38% Multi- Family $899M 8% Office $2.0B 18% Industrial $1.1B 10% Lodging $2.8B 26% CORE PORTFOLIO ALLOCATION PROPERTY PROFILES *Percentages shown are of Core Assets, which comprise 86% of Total Assets www.inlandamerican.com 800.826.8228 RETAIL PROPERTY OVERVIEW 736 Properties · 22.0 Million Square Feet • 79% of the portfolio is anchored by necessity-based retailers such as Kroger, Target and Albertsons • YTD revenue up 10.6%, net operating income up 8.5% and base rent is up 0.7% over the same period in 2010 LODGING PROPERTY OVERVIEW 99 Properties · 15,564 Rooms • YTD RevPAR up 7.6% from the same period in 2010 • The portfolio is 16% Full Service or Luxury properties, with the objective to grow that percentage over the next 12 months INDUSTRIAL PROPERTY OVERVIEW 72 Properties · 15.8 Million Square Feet • Average lease rollover rate for the next five years is 4.9% • YTD revenue is up 5.5% and net operating income up 3.2% over 2010 results for the same period OFFICE PROPERTY OVERVIEW 47 Properties · 10.6 Million Square Feet • YTD net operating income up 0.5% over 2010 results for same period • Average lease rollover rate for the next five years is 3.7% Office Portfolio IDS Building – Minneapolis, MN CONTACT Inland Customer Service custserv@inland-investments.com 800.826.8228 The statements and certain other information contained herein, 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. This material is neither an offer to sell nor a solicitation of an offer to buy any security. Consult Inland American’s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of the specific risks. The companies depicted in the photographs herein may have proprietary interests in their trade names and trademarks and nothing herein shall be considered to be an endorsement, authorization, or approval of Inland American by the companies. Further, none of these companies are affiliated with the Inland American in any manner. The Inland name and logo are registered trademarks being used under license. MULTI-FAMILY PROPERTY OVERVIEW 27 Properties · 9,790 units • YTD occupancy up 5% to 92%, revenue increased 21.6%, and net operating income increased 37% over 2010 results for same period 57-story centerpiece of Minneapolis skyline with over 2M SF Lodging Portfolio – New Property The Fairmont Dallas – Dallas, TX Purchased August 1, 2011 for $69 million. 545 rooms and a total of 70,000 sf of meeting and banquet space.