Inland American Real Estate Trust, Inc. TOTAL PORTFOLIO OF PROPERTY  ASSETS: $10.1 BILLION* Lodging • $4.2 billion, 99 properties 19,337 rooms • Same-Store RevPAR growth of 5.3% in 2013  Retail  • $2.7 billion 119 properties • 17 million sq. ft. 91% same-store economic occupancy  Held for Sale † • $1.5 billion  Non-core Properties • $1.0 billion 45 properties • 7.3millionsq.ft. Student Housing • $0.7 billion 14 properties • 8,290 beds 93% same-store economic occupancy 27% 15% 9% 7% 42% * Based on undepreciated (total investment in properties) asset values. † As of December 31, 2013, the “Held for Sale” category contains the remaining properties  from the net lease transaction announced in August, 2013. We expect to complete the  closing of the net lease transaction in the  fi rst half of 2014. Inland American Real Estate Trust, Inc. MAJOR  MILESTONES  January 2013 - March 2014 May 2013:  August 2013:  $460 million conventional apartment  portfolio sale Announced a new credit facility in  May, expanded in November ‘13 New $600 million joint venture with  PGGM $2.1 billion net lease transaction • 3-year, $300 million unsecured  revolving line of credit facility • 4-year, $200 million unsecured term loan • Closed in August, sold above purchase price • Will provide approximately $900  million in capital once the closings are  completed • Use of the net proceeds include: - Investing in high quality assets in our  3 targeted asset groups • One of the world’s largest and most  respected pension funds • Inland American maintains a  majority equity stake in the entity &  control of venture - Paying down and reducing debt - Share repurchase (tender o ff er)