OAK BROOK, Ill.--(BUSINESS WIRE)-- Inland American Real Estate Trust, Inc. (“Inland American”), announced today the appointment of Thomas P. McGuinness as president of Inland American by the Board of Directors. McGuinness joined Inland in 1982 and has held several executive positions throughout the Inland organization. In his new role, McGuinness will oversee the management of the company’s day-to-day operations, including the strategic business plan, investment decisions, asset management and financing functions for the diverse and nationally-positioned portfolio. Inland American’s portfolio totals 48 million square feet and includes retail, office and industrial properties, as well as 9,563 multi-family units and 17,899 hotel rooms.

“I am honored and excited to be taking on this role,” said McGuinness. “I believe the team we have in place at Inland American has the ability and expertise to fulfill our mission of supplying our stockholders a sustainable monthly distribution and executing our business and portfolio strategy to provide our stockholders the greatest possible return.”

Currently, McGuinness also serves as the president of Inland American Business Manager & Advisor, Inc. (IABMA), and will maintain that position. He is a licensed real estate broker and has previously served as the president of the Chicagoland Apartment Association, as the regional vice president of the National Apartment Association and as a trustee with the Service Employees’ Local No. 1 Health and Welfare Fund and its Pension Fund. He also holds CLS and CSM accreditations from the International Council of Shopping Centers (ICSC).

McGuinness is replacing Brenda Gujral. Gujral is stepping down from the president position to concentrate on her new role as president of Inland Private Capital Corporation. She will continue to serve on the Board of Directors for Inland American and recommended McGuinness as her successor.

“I am proud of the accomplishments Inland American has made during my tenure as president,” said Gujral. “I am confident in the direction of the company and the ability of the current management team to execute the company’s strategy.”

About Inland American Real Estate Trust, Inc.

Inland American Real Estate Trust, Inc. focuses on acquiring and developing a diversified portfolio of commercial real estate located in the United States. The company also invests in joint ventures, development projects, real estate loans and marketable securities. As of June 30, 2012 Inland American owned, directly or indirectly through joint ventures in which it has a controlling interest, 938 properties, representing approximately 48 million square feet of retail, industrial and office properties, 9,563 multi-family units and 17,899 lodging rooms. Inland American is one of five REITs that are, or have been, sponsored by affiliates of The Inland Real Estate Group of Companies, Inc. For further information regarding Inland American, please refer to the company website at www.inlandamerican.com.

Inland American Real Estate Trust, Inc.
Dan Lombardo, 630-586-6314
dan.lombardo@inlandgroup.com

Source: Inland American Real Estate Trust, Inc.