Document:

EXHIBIT
10.169

 

ASSIGNMENT AND
ASSUMPTION OF PURCHASE AND SALE AGREEMENT

 

For
good and valuable consideration the receipt and sufficiency of which is hereby
acknowledged, the undersigned, INLAND REAL ESTATE ACQUISITIONS, INC., an
Illinois corporation, (“Assignor”) hereby assigns to INLAND AMERICAN REAL
ESTATE TRUST, INC., a Maryland corporation, (“Assignee”) all of Assignor’s
right, title and interest as a party to that certain Purchase and Sale
Agreement [Portfolio #2] (the “Purchase Agreement”) by and between INLAND REAL
ESTATE ACQUISITIONS, INC., (“Buyer”), and SUNTRUST BANK, a Georgia banking
corporation, (“Seller”), dated October 17, 
2007, as amended, with respect to the purchase and sale of those certain
parcel(s) of land more fully defined on Exhibit A, attached hereto
(the “Property”).

 

By
execution hereof by Assignee, Assignee for itself and its successors and
assigns hereby accepts the assignment and assumes all of the obligations of
Assignor under the Purchase Agreement with respect to the Properties.  The Assignor acknowledges and agrees that
notwithstanding the foregoing the Assignor is not released from any of its
obligations under the Purchase Agreement.

 

This
Assignment is effective as of the 17th day of March, 2008.

 

	
  ASSIGNOR:

  	
   

  	
  INLAND REAL ESTATE
  ACQUISITIONS, INC.,

  
	
   

  	
   

  	
  an Illinois
  corporation

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ G. Joseph
  Cosenza

  
	
   

  	
   

  	
   

  	
  G. Joseph Cosenza

  
	
   

  	
   

  	
  Its:

  	
  President

  
	
   

  	
   

  	
   

  	
   

  
	
  ASSIGNEE:

  	
   

  	
  INLAND AMERICAN
  REAL ESTATE TRUST,

  
	
   

  	
   

  	
  INC., a Maryland
  corporation

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Marcia Grant

  
	
   

  	
   

  	
   

  	
  Marcia Grant

  
	
   

  	
   

  	
  Its: 

  	
  Assistant
  Secretary

  

 

Exhibit A

 

	
  Pool

  	
   

  	
  Prop. ID

  	
   

  	
  Property Name

  	
   

  	
  Address

  	
   

  	
  City

  	
   

  	
  State

  	
   

  	
  Zip

  	
   

  	
  County

  	
   

  	
  Bldg

  SF

  	
   

  
	
  3

  	
   

  	
  FL00316

  	
   

  	
  East Lake Woodlands
  Office

  	
   

  	
  3500 East Lake Road

  	
   

  	
  Palm Harbor

  	
   

  	
  FL

  	
   

  	
  34685

  	
   

  	
  Pinellas

  	
   

  	
  2,500

  	
   

  
	
  3

  	
   

  	
  FL00322

  	
   

  	
  Largo Office

  	
   

  	
  3705 East Bay Drive

  	
   

  	
  Largo

  	
   

  	
  FL

  	
   

  	
  34641

  	
   

  	
  Pinellas

  	
   

  	
  2,400

  	
   

  
	
  3

  	
   

  	
  FL00984

  	
   

  	
  Lynn Haven Office

  	
   

  	
  700 Florida Avenue

  	
   

  	
  Lynn Haven

  	
   

  	
  FL

  	
   

  	
  32444

  	
   

  	
  Bay

  	
   

  	
  6,600

  	
   

  
	
  3

  	
   

  	
  FL01015

  	
   

  	
  Sebring North Branch

  	
   

  	
  3601 U.S. Highway 27
  North

  	
   

  	
  Sebring

  	
   

  	
  FL

  	
   

  	
  33870

  	
   

  	
  Highlands

  	
   

  	
  3,392

  	
   

  
	
  3

  	
   

  	
  FL01050

  	
   

  	
  Flagler Beach Branch

  	
   

  	
  323 Moody  Boulevard

  	
   

  	
  Flagler Beach

  	
   

  	
  FL

  	
   

  	
  32136

  	
   

  	
  Flagler

  	
   

  	
  3,722

  	
   

  
	
  3

  	
   

  	
  FL01225

  	
   

  	
  Zephyrhills North Office

  	
   

  	
  7344 Gall Boulevard

  	
   

  	
  Zephyrhills

  	
   

  	
  FL

  	
   

  	
  34668

  	
   

  	
  Pasco

  	
   

  	
  4,268

  	
   

  
	
  3

  	
   

  	
  FL01241

  	
   

  	
  22nd Avenue North Office

  	
   

  	
  2116 4th Street North

  	
   

  	
  St. Petersburg

  	
   

  	
  FL

  	
   

  	
  33704

  	
   

  	
  Pinellas

  	
   

  	
  3,694

  	
   

  
	
  3

  	
   

  	
  FL01305

  	
   

  	
  San Carlos

  	
   

  	
  18875 South Tamiami
  Trail

  	
   

  	
  Fort Myers

  	
   

  	
  FL

  	
   

  	
  33912

  	
   

  	
  Lee

  	
   

  	
  2,764

  	
   

  
	
  3

  	
   

  	
  FL01340

  	
   

  	
  Westland Office

  	
   

  	
  1740 West 49th Street

  	
   

  	
  Hialeah

  	
   

  	
  FL

  	
   

  	
  33012

  	
   

  	
  Dade

  	
   

  	
  6,668

  	
   

  
	
  3

  	
   

  	
  FL01356

  	
   

  	
  North 49th Street Branch

  	
   

  	
  11701 49th Street North

  	
   

  	
  Clearwater

  	
   

  	
  FL

  	
   

  	
  33762

  	
   

  	
  Pinellas

  	
   

  	
  2,629

  	
   

  
	
  11

  	
   

  	
  FL00154

  	
   

  	
  ST Plaza Gainesville

  	
   

  	
  5080 Newberry Road

  	
   

  	
  Gainesville

  	
   

  	
  FL

  	
   

  	
  32607

  	
   

  	
  Alachua

  	
   

  	
  12,933

  	
   

  
	
  11

  	
   

  	
  FL00201

  	
   

  	
  South Port Office

  	
   

  	
  10575 South U.S. Highway
  1

  	
   

  	
  Port St. Lucie

  	
   

  	
  FL

  	
   

  	
  34952

  	
   

  	
  St. Lucie

  	
   

  	
  3,200

  	
   

  
	
  11

  	
   

  	
  FL00271

  	
   

  	
  Timber Pines Office

  	
   

  	
  2356 Commercial Way

  	
   

  	
  Spring Hill

  	
   

  	
  FL

  	
   

  	
  34606

  	
   

  	
  Hernando

  	
   

  	
  4,778

  	
   

  
	
  11

  	
   

  	
  FL01024

  	
   

  	
  Plantation Square Branch

  	
   

  	
  5441 North Socrum Loop
  Road

  	
   

  	
  Lakeland

  	
   

  	
  FL

  	
   

  	
  33809-4274

  	
   

  	
  Polk

  	
   

  	
  3,425

  	
   

  
	
  11

  	
   

  	
  FL01045

  	
   

  	
  Orange Camp Branch

  	
   

  	
  2595 South Woodland
  Boulevard

  	
   

  	
  Deland

  	
   

  	
  FL

  	
   

  	
  32720

  	
   

  	
  Volusia

  	
   

  	
  4,200

  	
   

  
	
  11

  	
   

  	
  FL01200

  	
   

  	
  Suntree Branch

  	
   

  	
  3303 Suntree Boulevard

  	
   

  	
  Melbourne

  	
   

  	
  FL

  	
   

  	
  32940

  	
   

  	
  Brevard

  	
   

  	
  3,638

  	
   

  
	
  11

  	
   

  	
  FL01242

  	
   

  	
  Oakhurst Office

  	
   

  	
  9130 Oakhurst Road

  	
   

  	
  Seminole

  	
   

  	
  FL

  	
   

  	
  34646

  	
   

  	
  Pinellas

  	
   

  	
  2,933EXHIBIT
10.170

 

ASSIGNMENT AND ASSUMPTION
OF PURCHASE AND SALE AGREEMENT

 

                For good and valuable consideration the receipt and
sufficiency of which is hereby acknowledged, the undersigned, INLAND REAL
ESTATE ACQUISITIONS, INC., an Illinois corporation, (“Assignor”) hereby assigns
to INLAND AMERICAN ST PORTFOLIO III, L.L.C., a Delaware limited liability
company, (“Assignee”) all of Assignor’s right, title and interest as a party to
that certain Purchase and Sale Agreement [Portfolio #2] (the “Purchase Agreement”)
by and between INLAND REAL ESTATE ACQUISITIONS, INC., (“Buyer”), and SUNTRUST
BANK, a Georgia banking corporation, (“Seller”), dated October 17,  2007, as amended, with respect to the
purchase and sale of those certain parcel(s) of land more fully defined on
Exhibit A, attached hereto (the “Property”).

 

                By execution hereof by Assignee, Assignee for itself
and its successors and assigns hereby accepts the assignment and assumes all of
the obligations of Assignor under the Purchase Agreement with respect to the
Properties.  The Assignor acknowledges
and agrees that notwithstanding the foregoing the Assignor is not released from
any of its obligations under the Purchase Agreement.

 

                This Assignment is effective as of the 17th day of
March, 2008.

 

	
  ASSIGNOR:

  	
   

  	
  INLAND REAL
  ESTATE ACQUISITIONS, INC.,

  
	
   

  	
   

  	
  an Illinois
  corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ G. Joseph
  Cosenza

  
	
   

  	
   

  	
   

  	
       G.
  Joseph Cosenza

  
	
   

  	
   

  	
  Its:

  	
       President

  
	
   

  	
   

  	
   

  	
   

  
	
  ASSIGNEE:

  	
   

  	
  INLAND AMERICAN
  ST PORTFOLIO III,

  
	
   

  	
   

  	
  L.L.C., a
  Delaware limited liability company

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  Inland American
  Real Estate Trust, Inc., a 

  
	
   

  	
   

  	
  Maryland
  corporation, its sole member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Marcia L.
  Grant

  
	
   

  	
   

  	
   

  	
  Marcia L. Grant

  
	
   

  	
   

  	
  Its:

  	
  Assistant
  Secretary

  
							

 

 

Exhibit A

 

	
  Pool

  	
   

  	
  Prop. ID

  	
   

  	
  Property Name

  	
   

  	
  Address

  	
   

  	
  City

  	
   

  	
  State

  	
   

  	
  Zip

  	
   

  	
  County

  	
   

  	
  Bldg

  SF

  	
   

  
	
  3

  	
   

  	
  DC00147

  	
   

  	
  Rhode Island Avenue

  	
   

  	
  410 Rhode Island Avenue

  	
   

  	
  Washington

  	
   

  	
  DC

  	
   

  	
  20002

  	
   

  	
  District of Columbia

  	
   

  	
  2,595

  	
   

  
	
  3

  	
   

  	
  GA00375

  	
   

  	
  Haynes Bridge Branch

  	
   

  	
  9119 Haynes Bridge Road

  	
   

  	
  Alpharetta

  	
   

  	
  GA

  	
   

  	
  30201

  	
   

  	
  Fulton

  	
   

  	
  5,765

  	
   

  
	
  3

  	
   

  	
  GA00756

  	
   

  	
  EE Butler

  	
   

  	
  121 E.E. Butler Parkway

  	
   

  	
  Gainesville

  	
   

  	
  GA

  	
   

  	
  30501

  	
   

  	
  Hall

  	
   

  	
  28,056

  	
   

  
	
  3

  	
   

  	
  SC00185

  	
   

  	
  NCF: Hillcrest

  	
   

  	
  1742 E. Main Street

  	
   

  	
  Spartanburg

  	
   

  	
  SC

  	
   

  	
  29307

  	
   

  	
  Spartanburg

  	
   

  	
  2,303

  	
   

  
	
  3

  	
   

  	
  VA00191

  	
   

  	
  East Henrico

  	
   

  	
  4307 Williamsburg Rd

  	
   

  	
  Richmond

  	
   

  	
  VA

  	
   

  	
  23231

  	
   

  	
  Henrico

  	
   

  	
  2,474

  	
   

  
	
  3

  	
   

  	
  VA00420

  	
   

  	
  Port Road

  	
   

  	
  1300 S Main Street

  	
   

  	
  Harrisonburg

  	
   

  	
  VA

  	
   

  	
  22801

  	
   

  	
  City of Harrisonburg

  	
   

  	
  3,300

  	
   

  
	
  3

  	
   

  	
  VA00463

  	
   

  	
  Madison Heights Office

  	
   

  	
  U.S. 29 North & Dillard Road

  	
   

  	
  Madison Heights

  	
   

  	
  VA

  	
   

  	
  24572

  	
   

  	
  Amherst

  	
   

  	
  2,776

  	
   

  
	
  3

  	
   

  	
  VA00490

  	
   

  	
  Tanglewood

  	
   

  	
  2730 Ogden Road S.W.

  	
   

  	
  Roanoke

  	
   

  	
  VA

  	
   

  	
  24014

  	
   

  	
  City of Roanoke

  	
   

  	
  2,432

  	
   

  
	
  11

  	
   

  	
  GA00385

  	
   

  	
  Woodstock Branch

  	
   

  	
  9863 Georgia Highway 92

  	
   

  	
  Woodstock

  	
   

  	
  GA

  	
   

  	
  30188

  	
   

  	
  Cherokee

  	
   

  	
  6,142

  	
   

  
	
  11

  	
   

  	
  GA00534

  	
   

  	
  Peachtree Branch

  	
   

  	
  3491 Courtyard Way

  	
   

  	
  Columbus

  	
   

  	
  GA

  	
   

  	
  31909

  	
   

  	
  Muscogee

  	
   

  	
  3,672

  	
   

  
	
  11

  	
   

  	
  GA00730

  	
   

  	
  Baxley Office

  	
   

  	
  201 W Parker St

  	
   

  	
  Baxley

  	
   

  	
  GA

  	
   

  	
  31513-1923

  	
   

  	
  Appling

  	
   

  	
  18,126

  	
   

  
	
  11

  	
   

  	
  MD00420

  	
   

  	
  Osborne Road

  	
   

  	
  7620 South Osborne Road

  	
   

  	
  Upper Marlboro

  	
   

  	
  MD

  	
   

  	
  20772

  	
   

  	
  Prince Georges

  	
   

  	
  2,280

  	
   

  
	
  11

  	
   

  	
  NC00304

  	
   

  	
  NCF: Marshville

  	
   

  	
  103 E Main St

  	
   

  	
  Marshville

  	
   

  	
  NC

  	
   

  	
  28103

  	
   

  	
  Union

  	
   

  	
  2,150

  	
   

  
	
  11

  	
   

  	
  NC00310

  	
   

  	
  NCF: Hilltop

  	
   

  	
  791 East Roosevelt Blvd

  	
   

  	
  Monroe

  	
   

  	
  NC

  	
   

  	
  28110

  	
   

  	
  Union

  	
   

  	
  2,800

  	
   

  
	
  11

  	
   

  	
  NC00371

  	
   

  	
  NCF: Wake Forest

  	
   

  	
  353 S White Street

  	
   

  	
  Wake Forest

  	
   

  	
  NC

  	
   

  	
  27588

  	
   

  	
  Wake

  	
   

  	
  5,390

  	
   

  
	
  11

  	
   

  	
  SC00135

  	
   

  	
  NCF: Northtowne

  	
   

  	
  3898 Liberty Hwy

  	
   

  	
  Anderson

  	
   

  	
  SC

  	
   

  	
  29621

  	
   

  	
  Anderson

  	
   

  	
  3,500

  	
   

  
	
  11

  	
   

  	
  TN00317

  	
   

  	
  Broadway Facility

  	
   

  	
  600 Broadway

  	
   

  	
  Johnson City

  	
   

  	
  TN

  	
   

  	
  37601

  	
   

  	
  Washington

  	
   

  	
  1,680

  	
   

  
	
  11

  	
   

  	
  VA00161

  	
   

  	
  Allen Avenue

  	
   

  	
  1801 W. Broad St.

  	
   

  	
  Richmond

  	
   

  	
  VA

  	
   

  	
  23220

  	
   

  	
  City of Richmond

  	
   

  	
  10,626

  	
   

  
	
  11

  	
   

  	
  VA00426

  	
   

  	
  Gloucester Point

  	
   

  	
  1478 George Washington Memorial Hwy

  	
   

  	
  Gloucester

  	
   

  	
  VA

  	
   

  	
  23062

  	
   

  	
  Gloucester

  	
   

  	
  3,828

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}]]