Feldman Mall Properties, Inc. Announces Inland Transaction, Appointment of Receivership for the Tallahassee Mall and Termination of Reporting Company Status

Feldman Mall Properties, Inc announced today that it has entered into a letter agreement with Inland American Real Estate Trust, Inc. (“Inland”) pursuant to which Feldman will repurchase from Inland 2,000,000 shares of 6.85% Series A Cumulative Convertible Preferred Stock (the “Series A Preferred Stock”). In exchange, Inland will receive title to the Stratford Square Mall, located in Bloomingdale, Illinois, Northgate Mall,...