Document:

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                                                                  Exhibit 10.287

                             POST-CLOSING AGREEMENT

     THIS POST-CLOSING AGREEMENT (this "Agreement") is made as of the 4th day of
August, 2004, by RRP HECHT, LLC, a Maryland limited liability company, having
its principal place of business at 2901 Butterfield Road, Oak Brook, Illinois
60523, and REISTERSTOWN PLAZA ASSOCIATES, LLC, a Maryland limited liability
company, having its principal place of business at 2901 Butterfield Road, Oak
Brook, Illinois 60523 (collectively, "Grantor"), to BEAR STEARNS COMMERCIAL
MORTGAGE, INC., a New York corporation, having an address at 383 Madison Avenue,
New York, New York 10179 ("Lender").

                                    RECITALS:

     A.   Inland Reisterstown SPE I, L.L.C., a Delaware limited liability
company and Inland Reisterstown SPE II, L.L.C., a Delaware limited liability
company, (referred to herein collectively as the "Borrower"), by its Promissory
Note of even date herewith given to Lender (together with all extensions,
renewals, modifications, substitutions and amendments thereof, the "Note") is
indebted to Lender in the principal sum of FORTY-NINE MILLION SIX HUNDRED FIFTY
THOUSAND AND NO/100 DOLLARS ($49,650,000.00) advanced pursuant to the Loan
Agreement of even date herewith between Borrower, Grantor and Lender (together
with all extensions, renewals, modifications, substitutions and amendments
thereof, the "Loan Agreement"), in lawful money of the United States of America,
with interest from the date thereof at the rates set forth in the Note (the
indebtedness evidenced by the Note, together with such interest accrued thereon,
shall collectively be referred to as the "Loan"), principal and interest to be
payable in accordance with the terms and conditions provided in the Note.

     B.   The Loan is guarantied by that certain Limited Guaranty Agreement,
dated as of the date hereof, from Grantor in favor of Lender (the "Limited
Guaranty"). The Limited Guaranty is secured by, among other things, that certain
Indemnity Deed of Trust, Assignment of Leases and Rents, Security Agreement and
Fixture Filing from Grantor to a trustee for the benefit of Lender (the
"Security Instrument"), dated as of the date hereof, which grants Lender a first
lien on the property encumbered thereby (the "Property"). All and any of the
documents other than the Note, the Security Instrument and this Agreement now or
hereafter executed by Borrower and/or others and by or in favor of Lender, which
wholly or partially secure or guarantee payment of the Note are referred to as
the "Other Security Documents."

     C.   Lender was unwilling to make the Loan to Borrower unless Grantor
agreed to timely perform the matters set forth herein.

                                   AGREEMENT:

     For good and valuable consideration the parties hereto agree as follows:

     1.   POST-CLOSING OBLIGATIONS. Grantor covenants and agrees to use its best
efforts to deliver to Lender:

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          (a) within fifteen (15) days of the date hereof, seven (7) copies of a
revised survey of the Property by Duval and Associates, P.A., certified to
Lender and its successors and assigns and otherwise in form and substance
acceptable to Lender

          (b) within thirty (30) days of the date hereof, an original
subordination, nondisturbance and attornment agreement executed by National
Wholesale Liquidator and Grantor, in recordable form and otherwise in form and
substance satisfactory to Lender in its reasonable discretion;

          (c) within thirty (30) days of the date hereof, an original
subordination, nondisturbance and attornment agreement executed by Rose Casual
Dining and Grantor, in recordable form and otherwise in form and substance
satisfactory to Lender in its reasonable discretion;

          (d) within thirty (30) days of the date hereof, an original guarantor
estoppel letter for the premises occupied by Giant of Maryland LLC executed by
Koninklijke Ahold N.V., addressed to Lender and its successors and assigns and
otherwise in form and substance satisfactory to Lender in its reasonable
discretion;

          (e) within thirty (30) days of the date hereof, a zoning letter from
the City of Baltimore, Maryland addressed to Lender and its successors and
assigns and otherwise in form and substance satisfactory to Lender in its
reasonable discretion.

     2.   GOVERNING LAW. This Agreement shall be deemed to be a contract entered
into pursuant to the laws of the State of New York and shall in all respects be
governed, construed, applied and enforced in accordance with the laws of the
State of New York.

     3.   NOTICES. All notices or other written communications to Grantor or
Lender hereunder shall be deemed to have been properly given (i) upon delivery,
if delivered in person with receipt acknowledged by the recipient thereof, (ii)
one (1) Business Day (hereinafter defined) after having been deposited for
overnight delivery with any reputable overnight courier service, or (iii) three
(3) Business Days after having been deposited in any post office or mail
depository regularly maintained by the U.S. Postal Service and sent by
registered or certified mail, postage prepaid, return receipt requested,
addressed to Grantor or Lender at their addresses set forth in the Security
Instrument or addressed as such party may from time to time designate by written
notice to the other parties. For purposes of this Agreement, the term "Business
Day" shall mean any day other than Saturday, Sunday or any other day on which
banks are required or authorized to close in New York, New York.

     Either party by notice to the other may designate additional or different
addresses for subsequent notices or communications.

     4.   NO ORAL CHANGE. This Agreement, and any provisions hereof, may not be
modified, amended, waived, extended, changed, discharged or terminated orally or
by any act or failure to act on the part of Grantor or Lender, but only by an
agreement in writing signed by the party against whom enforcement of any
modification, amendment, waiver, extension, change, discharge or termination is
sought.

                                        2
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     5.   LIABILITY. If Grantor consists of more than one person, the
obligations and liabilities of each such person hereunder shall be joint and
several. This Agreement shall be binding upon and inure to the benefit of
Grantor and Lender and their respective successors and assigns forever.

     6.   INAPPLICABLE PROVISIONS. If any term, covenant or condition of this
Agreement is held to be invalid, illegal or unenforceable in any respect, this
Agreement shall be construed without such provision.

     7.   HEADINGS, ETC. The headings and captions of various paragraphs of this
Agreement are for convenience of reference only and are not to be construed as
defining or limiting, in any way, the scope or intent of the provisions hereof.

     8.  DUPLICATE ORIGINALS; COUNTERPARTS. This Agreement may be executed in
any number of duplicate originals and each duplicate original shall be deemed to
be an original. This Agreement may be executed in several counterparts, each of
which counterparts shall be deemed an original instrument and all of which
together shall constitute a single Assignment. The failure of any party hereto
to execute this Agreement, or any counterpart hereof, shall not relieve the
other signatories from their obligations hereunder.

     9.   NUMBER AND GENDER. Whenever the context may require, any pronouns used
herein shall include the corresponding masculine, feminine or neuter forms, and
the singular form of nouns and pronouns shall include the plural and vice versa.

     10. SECONDARY MARKET/SERVICING. Lender may, at any time, sell, transfer or
assign this Agreement, the Note, the Security Instrument and the Other Security
Documents, and any or all servicing rights with respect thereto, or grant
participations therein or issue mortgage passthrough certificates or other
securities evidencing a beneficial interest in a rated or unrated public
offering or private placement (the "Securities"). Lender may forward to each
purchaser, transferee, assignee, servicer, participant, investor in such
Securities or any Rating Agency rating such Securities (collectively, the
"Investor") and each prospective Investor, all documents and information which
Lender now has or may hereafter acquire relating to the Debt and to Grantor and
the Property, whether furnished by Grantor or otherwise, as Lender determines
necessary or desirable. Grantor agrees to cooperate with Lender in connection
with any transfer made or any Securities created pursuant to the Security
Instrument, including, without limitation, the delivery of an estoppel
certificate in accordance therewith, and such other documents as may be
reasonably requested by Lender. Grantor shall also furnish and Grantor consents
to Lender furnishing to such Investors or such prospective Investors any and all
information concerning the Property, the Leases, the financial condition of
Grantor as may be requested by Lender, any Investor or any prospective Investor
in connection with any sale, transfer or participation interest. Lender may
retain or assign responsibility for servicing the Loan, including the Note, the
Security Instrument, this Agreement and the Other Security Documents, or may
delegate some or all of such responsibility and/or obligations to a servicer
including, but not limited to, any subservicer or master servicer. Lender may
make such assignment or delegation on behalf of the Investors if the Note is
sold or this Agreement or the Other Security Documents are assigned. All
references to Lender herein shall refer to and include any such servicer to the
extent applicable.

                                        3
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     11.  MISCELLANEOUS.

          (a)     Wherever pursuant to this Agreement (i) Lender exercises any
right given to it to approve or disapprove, (ii) any arrangement or term is to
be satisfactory to Lender, or (iii) any other decision or determination is to be
made by Lender, the decision of Lender to approve or disapprove, all decisions
that arrangements or terms are satisfactory or not satisfactory and all other
decisions and determinations made by Lender, shall be in the sole and absolute
discretion of Lender and shall be final and conclusive, except as may be
otherwise expressly and specifically provided herein.

          (b)     Wherever pursuant to this Agreement it is provided that
Grantor pay any costs and expenses, such costs and expenses shall include, but
not be limited to, legal fees and disbursements of Lender, whether retained
firms, the reimbursement for the expenses of in-house staff or otherwise.

          12.     EXCULPATION. Grantor's obligations under this Agreement are
subject to the provisions of Section 9.4 of the Loan Agreement, and such
provisions are incorporated herein by reference.

                                        4
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     IN WITNESS WHEREOF the undersigned have executed this Agreement as of the
date and year first written above.

                              GUARANTOR:

                              RRP HECHT, LLC, a Maryland limited liability
                              company

                              By:   Reisterstown Plaza Holdings, LLC, a
                                    Maryland limited liability company, its sole
                                    member

                                By: Inland Reisterstown HC, L.L.C., a
                                    Delaware limited liability company, its
                                    sole manager

                                    By:   Inland Western Retail Real Estate
                                          Trust, Inc., a Maryland corporation,
                                          its sole member

                                          By:  /s/ Debra A. Palmer
                                               ----------------------
                                               Name:  Debra A. Palmer
                                               Title: Assistant Secretary

                              REISTERSTOWN PLAZA ASSOCIATES,
                              LLC, a Maryland limited liability company

                              By:   Reisterstown Plaza Holdings, LLC, a
                                    Maryland limited liability company, its sole
                                    member

                                By: Inland Reisterstown HC, L.L,C., a
                                    Delaware limited liability company, its
                                    sole manager

                                    By:   Inland Western Retail Real Estate
                                          Trust, Inc., a Maryland corporation,
                                          its sole member

                                          By:  /s/ Debra A. Palmer
                                               ----------------------
                                               Name:  Debra A. Palmer
                                               Title: Assistant Secretary

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                              LENDER:

                              BEAR STEARNS COMMERCIAL
                              MORTGAGE, INC., a New York corporation

                              By:   --------------------------------------
                              Name:
                              Title:<Page>

                                                                  Exhibit 10.288

[INLAND(R) LOGO]

Inland Real Estate Acquisitions, Inc.

<Table>
<S>                       <C>                       <C>                       <C>
2901 Butterfield Road                               200 Waymont Court         1955 Lake Park Drive
Oak Brook, IL 80523       501 Manatee Ave. West     Suite 126, Unit 10        Suite 300
630-218-4948 Fax: 4935    Holmes Beach, FL 34217    Lake Maty, FL 32746       Smyrna, GA 30080
www.inlandgroup.com       941-779-1000 Fax: 2000    407-688-6540 Fax: 6543    678-996-2131 Fax: 2140
</Table>

                                                June 4, 2004

Belz Enterprises (Seller)
c/o Prime Net Realty Advisors, Inc. (Broker)
Attn: Leith Swanson, President
3672 Carmel View Road
San Diego, CA 92130

          RE:    WAL-MART SUPERCENTER STORE
                 JONESVILLE, ARKANSAS

Dear Leith:

     This letter represents this corporation's offer to purchase the Wal-Mart
Supercenter Store with 149,704 net rentable square feet, situated on
approximately 20.3 acres of land, located at 1911 West Parker Road, Jonesville,
AR 72404

     The above property shall include all the land and buildings and common
facilities, as well as all personalty within the buildings and common areas,
supplies, landscaping equipment, and any other items presently used on the site
and belonging to owner, and all intangible rights relating to the property.

     This corporation or its nominee will consummate this transaction on the
following basis:

     1.   The total purchase price shall be $10,853,000.00 ALL CASH, plus or
          minus prorations, WITH NO MORTGAGE CONTINGENCIES, to be paid at
          CLOSING 30 DAYS following the acceptance of this agreement (see
          Paragraph 10).

          Purchaser shall allocate the land, building and depreciable
          improvements prior to closing.

     2.   Seller represents and warrants (TO THE BEST OF THE SELLER'S
          KNOWLEDGE), that the above referenced property is leased to Wal-Mart
          Stores, Inc. on an absolute triple net lease with a current MONTHLY
          base rental PAYMENT of $67,666.67 which is an ANNUALIZED base rental
          PAYMENT of $812,000.00 until October 31, 2017 covering the building
          and all of the land, parking areas, reciprocal easements and REA/OEA
          agreements (if any), for the entire terms and option periods. Any
          concessions given to any tenants that extend beyond the closing day
          shall be settled at closing by Seller giving a full cash credit to
          Purchaser for any and all of those concessions.

     3.   Seller warrants and represents (TO THE BEST OF THE SELLER'S
          KNOWLEDGE), that the property is free of violations, and the interior
          and exterior structures are in a good state of repair, free of leaks,
          structural problems, and mold, and the property is in full compliance
          with Federal, State, City and County ordinances, environmental laws
          and concerns, and no one has a lease that exceeds the lease term
          stated in said leases, nor does anyone have an option or right of
          first refusal to purchase or extend, nor is there any contemplated
          condemnation of any part of the property, nor are there any current or
          contemplated assessments.

     4.   Seller warrants and represents (TO THE BEST OF THE SELLER'S
          KNOWLEDGE), that during the term of the leases the tenants and
          guarantors are responsible for and pay all operating expenses relating
          to the property on a prorata basis, including but not limited to, real
          estate taxes, REA/OEA agreements, utilities, insurance, all common
          area maintenance, parking lot and the building, etc.

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WAL-MART SUPERCENTER STORE - BLYTHEVILLE, ARKANSAS                      PAGE 2
MAY 3, 2004

          Prior to closing, Seller shall not enter into or extend any agreements
          without Purchaser's approval and any contract presently in existence
          not accepted by Purchaser shall be terminated by Seller. Any work
          presently in progress on the property shall be completed by Seller
          prior to closing.

     5.   Ten (10) days prior to closing Seller shall furnish Purchaser with
          estoppel letters acceptable to Purchaser from all tenants, guarantors,
          and parties to reciprocal and/or operating easement agreements, if
          applicable.

     6.   Seller is responsible for payment of any LEASING BROKERAGE FEES or
          commissions which are due any leasing brokers for the existing leases
          stated above or for the renewal of same.

     7.   This offer is subject to Seller supplying to Purchaser prior to
          closing a certificate of insurance from the tenants and guarantors in
          the form and coverage acceptable to Purchaser for the closing.

     8.   It is understood that Seller has in its possession Level 1
          Environmental Reports (Level 2 if required) which Seller will supply
          to Purchaser 10 days prior to closing. Seller shall have said reports,
          which must be acceptable to Purchaser, updated and re-certified to
          Purchaser at closing, all at Seller's cost.

     9.   The above sale of the real estate shall be consummated by conveyance
          of a full warranty deed from Seller to Purchaser's designee, with the
          Seller paying any city, state, or county transfer taxes for the
          closing, and Seller agrees to cooperate with Purchaser's lender, if
          any, and the money lender's escrow.

     10.  The closing shall occur through Chicago Title & Trust Company, in
          Chicago, Illinois with Nancy Castro as Escrowee, 30 days following
          acceptance of this agreement, at which time title to the above
          property shall be marketable; i.e., free and clear of all liens,
          encroachments and encumbrances, and an ALTA form B owner's title
          policy with complete extended coverage and required endorsements.
          waiving off all construction, including 3.1 zoning including parking
          and loading docks, and insuring all improvements as legally conforming
          uses and not as non-conforming or conditional uses, paid by Seller,
          shall be issued, with all warranties and representations being true
          now and at closing and surviving the closing, and each party shall be
          paid in cash their respective credits, including, but not limited to,
          security deposits, rent and expenses, with Wall-Mart Company, Inc.
          paying all real estate taxes current. At closing, no credit will be
          given to Sellers for any past due, unpaid or delinquent rents.

     11.  It is understood that the Seller has in its possession an appraisal of
          the property prepared by an MAI or other qualified appraiser,
          acceptable to Purchaser or Purchaser's lender, if any, and shall
          deliver copies of such appraisal to Purchaser within 10 days of the
          acceptance of this offer and shall cause the appraiser to re-certify
          an appraised amount not less than the Purchase Price and re-issue said
          appraisal to, and in the name of, Purchaser or Purchaser's lender, all
          at Purchaser's cost.

     12.  Neither Seller (Landlord) or any tenant and guarantor shall be in
          default on any lease or agreement at closing, nor is there any
          threatened or pending litigation.

     13.  Seller warrants and represents that he has paid all unemployment taxes
          to date.

     14.  Prior to closing, Seller shall furnish to Purchaser copies of all
          guarantees and warranties which Seller received from any and all
          contractors and sub-contractors pertaining to the property. This offer
          is subject to Purchaser's satisfaction that all guarantees and
          warranties survive the closing and are assignable and transferable to
          any titleholder now and in the future.

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WAL-MART SUPERCENTER STORE - BLYTHEVILLE, ARKANSAS                      PAGE 3
MAY 3, 2004

     15.  This offer is subject to the property being 100% occupied at the time
          of closing, with Wal-Mart Company, Inc. occupying their space, open
          for business, and paying full rent, including CAM, tax and insurance
          current.

     16.  Buyer shall be responsible for payment of a real estate brokerage
          commission, as per their agreement, to Prime Net Realty Advisors, Inc.
          Said commission shall be paid through the closing escrow.

     17.  Fifteen (15) days prior to closing, Seller must provide the title as
          stated above and a current Urban ALTA/ACSM spotted survey in
          accordance with the minimum standard detail requirements for ALTA/ACSM
          Land Title surveys jointly established and adopted by ALTA and ACSM in
          1999 and includes all Table A optional survey responsibilities and
          acceptable to Purchaser and the title company.

     18.  Seller agrees to immediately make available and disclose all
          information that Purchaser needs to evaluate the above property,
          including all inducements, abatements, concessions of cash payments
          given to tenants, and for CAM, copies of the bills. Seller agrees to
          cooperate fully with Purchaser and Purchaser's representatives to
          facilitate Purchaser's evaluations and reports, including at least a
          one-year audit of the books and records of the property.

     This offer is, of course, predicated upon the Purchaser's review and
written approval of the existing leases, new leases, lease modifications (if
any), all tenant correspondence, REA/OEA agreements, tenants' and guarantors'
financial statements, sales figures, representations of income and expenses made
by Seller, site inspection, environmental, appraisal, etc., and at least one
year of audited operating statements on said property is required that qualify,
comply with and can be used in a public offering.

     If this offer is acceptable, please HAVE THE SELLER sign the original of
this letter and initial each page, keeping copies for your files and returning
the original to me by JUNE 09, 2004.

                                          Sincerely,

* ACCEPTED:                               INLAND REAL ESTATE ACQUISITIONS, INC.
  By:      /s/ [ILLEGIBLE]                or nominee
        ---------------------
  Date:        6/17/04                    /s/ G. Joseph Cosenza
        ---------------------             ------------------------------
        for Belz-Burrow Ridge Park, L.P.  G. Joseph Cosenza
                                          Vice Chairman

* Subject to attached Addendum

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                   ADDENDUM TO OFFER LETTER DATED JUNE 4, 2004
                   FROM INLAND REAL ESTATE ACQUISITIONS, INC.

1.   Seller is Belz-Burrow Ridge Park, L.P., a Tennessee limited partnership

2.   Property is located at 1911 E Parker Road, Jonesboro, Arkansas

3.   Rent is $67,366.80 per month or $808,401.60 annually

4.   Seller will provide Phase I environmental report and MAI appraisal as soon
     as available.

5.   Seller will have one 30 day extension option as needed to meet the
     requirements of the Offer Letter.

6.   Seller will provide operating statements on the property which will not be
     audited.

7.   The deadline for acceptance of the offer is extended to June 18, 2004.

SELLER:

 /s/ [ILLEGIBLE]        6/17/04
-------------------------------

INLAND REAL ESTATE ACQUISITIONS, INC.
Or nominee

 /s/ G. Joseph Cosenza  6/18/04
-------------------------------

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