Stone Ridge Market San Antonio,Texas Retail Portfolio Portfolio Snapshot Gross Leasable Area Necessity-Based Non Necessity 23% 77% Gross Leasable Area by Geography Southwest South Atlantic Midwest West Northeast 38% 36% 14% 8% 4% Inland American 2013 Annual Report | 11 In retail, we continue to enhance our position with high- quality multi-tenant assets, which provide our portfolio with  a robust and stable foundation. In 2013 we acquired four  new necessity-based retail properties with a total of 483,753  square feet. We are con fi dent that there are many additional  opportunities for us to apply our solid track record of  building and managing properties to this space, particularly  as national and regional retailers continue to place a  premium on retail space in leading markets given ongoing  low supply growth.