Inland American was formed on October 4, 2004 to acquire and develop commercial real estate, primarily multi-family, office and industrial/distribution buildings, lodging facilities and retail properties, as well as triple-net, single-use properties of a similar type, located in the United States and Canada. These assets may be acquired directly by purchasing the property also known as a fee interest or indirectly by purchasing interests, including controlling interests, in REITs or other real estate operating companies that own these assets, such as real estate management companies and real estate development companies.
board will determine if, and when, to apply to have our shares of common
stock listed for trading on a national stock exchange or included for
quotation on a national market system, subject to satisfying existing
listing requirements. A public market for our shares may allow us to
increase our size, portfolio diversity, stockholder liquidity and access
capital. There is no assurance however that we will list our shares
or that a public market will develop if we list our shares. Our board
may decide to sell our assets individually, liquidate or seek listing
at a later date. The sale of all or substantially all of our assets
as well as liquidation would require the affirmative vote of a majority
of our then outstanding shares of common stock.