EXHIBIT 10.167
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 II] (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 30th day of November, 2007.
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ASSIGNOR
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INLAND REAL ESTATE
ACQUISITIONS, INC.,
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an Illin
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