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<TITLE>Inland American Real Estate Trust, Inc.</TITLE>
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<META NAME="date" CONTENT="11/22/2005">
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</B><FONT COLOR=#000000><B><SMALL>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. &nbsp;20549<BR>
<BR>
FORM 8-K<BR>
<BR>
</B>CURRENT REPORT<BR>
<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934<BR>
<BR>
<BR>
Date of Report: November 16, 2005<BR>
(Date of earliest event reported)<BR>
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<BR>
<B>Inland American Real Estate Trust, Inc.<BR>
</B>(Exact name of registrant as specified in its charter)<BR>
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<TABLE style="font-size:10pt" cellspacing=0><TR><TD valign=top width=218.133><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>Maryland</P>
</TD><TD valign=top width=218.133><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>000-51609</P>
</TD><TD valign=top width=218.133><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>34-2019608</P>
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<TR><TD valign=top width=218.133><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(State or other jurisdiction of incorporation)</P>
</TD><TD valign=top width=218.133><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(Commission File No.)</P>
</TD><TD valign=top width=218.133><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(IRS Employer Identification No.)</P>
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2901 Butterfield Road<BR>
Oak Brook, Illinois 60523<BR>
(Address of Principal Executive Offices)<BR>
<BR>
<BR>
(630) 218-8000<BR>
(Registrant's telephone number including area code)<BR>
<BR>
<BR>
Not Applicable<BR>
(Former name or former address, if changed since last report)</P>
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<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman">Check the appropriate box below if the Form 8-K filing in intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman">[&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman">[&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman">[&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman">[&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Section 5 - Corporate Governance and Management</B></P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Item 5.02 - Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><B><BR></B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Effective November 18, 2005, Barry L. Lazarus has resigned from the board of directors of Inland American Real Estate Trust, Inc. In lieu of filling the vacancy created by Mr. Lazarus' resignation the board has decreased its size from eight directors to seven directors. In connection with his resignation from the board, Mr. Lazarus also has resigned from the board of directors of Minto Builders (Florida), Inc., which we refer to herein as MB REIT. The board has nominated Lori J. Foust to replace Mr. Lazarus on the board of directors of MB REIT.</P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Section 8 &#150; Other Events</B></P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Item 8.01 Other Events</B></P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Our joint venture, Minto Builders (Florida), Inc., referred to herein as MB REIT, acquired the following properties on the dates indicated below:</P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Antoine Town Center; Houston, Texas</B></P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">On November 16, 2005, MB REIT purchased, from an unaffiliated third party, a fee simple interest in an existing retail center in Houston, Texas for a cash purchase price of approximately $9.7 million. &nbsp;The center contains approximately 36,000 of gross leasable square feet (excluding ground lease space).</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Ashford Plaza; Houston, Texas</B></P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">On November 16, 2005, MB REIT purchased, from an unaffiliated third party, a fee simple interest in an existing retail center known as Ashford Plaza in Houston, Texas for a cash purchase price of approximately $3.8 million. &nbsp;The center contains approximately 33,000 of gross leasable square feet (excluding ground lease space).</P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Highland Plaza; Houston, Texas</B></P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">On November 16, 2005, MB REIT purchased, from an unaffiliated third party, an existing retail center known as Highland Plaza in Houston, Texas for a cash purchase price of approximately $19.2 million. &nbsp;The center contains approximately 72,300 of gross leasable square feet (excluding ground lease space).</P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>West End Square; Houston, Texas</B></P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">On November 16, 2005, MB REIT purchased, from an unaffiliated third party, an existing retail center known as West End Square in Houston, Texas for a cash purchase price of approximately $3.5 million. &nbsp;The center contains approximately 36,600 of gross leasable square feet (excluding ground lease space).</P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Atascocita Shopping Center; Humble, Texas</B></P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">On November 22, 2005, MB REIT purchased, from an unaffiliated third party, an existing retail center known as Atascocita Shopping Center in Humble, Texas for a cash purchase price of approximately $10 million. The center contains approximately 47,300 of gross leasable square feet.</P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Cypress Town Center; Houston, Texas</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">On November 22, 2005, MB REIT purchased, from an unaffiliated third party, an existing retail center known as Cypress Town Center in Houston, Texas for a cash purchase price of approximately $15.3 million. The center contains approximately 55,000 of gross leasable square feet.</P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Bridgeside Point Office Building; Pittsburgh, Pennsylvania</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><B><BR></B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">On November 22, 2005, MB REIT purchased, from an unaffiliated third party, a freestanding office building known as Bridgeside Point Office Building in Pittsburgh, Pennsylvania for a cash purchase price of approximately $31.6 million.. &nbsp;The center contains approximately 153,100 of gross leasable square feet.</P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Winchester Town Center; Houston, Texas</B></P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">On November 22, 2005, MB REIT purchased, from an unaffiliated third party, an existing retail center known as Winchester Town Center in Houston, Texas for a cash purchase price of approximately $4.9 million. The center contains approximately 18,000 of gross leasable square feet.</P>
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<P style="margin:0pt; padding-left:18pt; text-indent:18pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>SIGNATURE</B></P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
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<TABLE style="font-size:10pt" cellspacing=0><TR><TD valign=top width=67.2>&nbsp;</TD><TD valign=top width=396.8><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">INLAND AMERICAN REAL ESTATE TRUST, INC.</P>
</TD></TR>
<TR><TD valign=top width=67.2>&nbsp;</TD><TD valign=top width=396.8>&nbsp;</TD></TR>
<TR><TD valign=top width=67.2><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">By:</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=top width=396.8><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">&nbsp;/s/ Lori J. Foust&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
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<TR><TD valign=top width=67.2><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Name:</P>
</TD><TD valign=top width=396.8><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Lori J. Foust</P>
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<TR><TD valign=top width=67.2><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Title:</P>
</TD><TD valign=top width=396.8><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Treasurer and Principal Accounting Officer</P>
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<TR><TD valign=top width=67.2><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>Date:</P>
</TD><TD valign=top width=396.8><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>November 22, 2005</P>
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{"company-data": {"conformed-name": "Inland American Real Estate Trust, Inc.", "cik": "0001307748", "assigned-sic": "6798", "irs-number": "342019608", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-51609", "film-number": "051221502"}, "business-address": {"street1": "2901 BUTTERFIELD ROAD", "city": "OAK BROOK", "state": "IL", "zip": "60523", "phone": "630-218-8000"}, "mail-address": {"street1": "2901 BUTTERFIELD ROAD", "city": "OAK BROOK", "state": "IL", "zip": "60523"}}
Inland American Real Estate Trust, Inc.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: November 16, 2005
(Date of earliest event reported)
Inland American Real Estate Trust, Inc.
(Exact name of registrant as specified in its charter)
Maryland
000-51609
34-2019608
(State or other jurisdiction of incorporation)
(Commission File No.)
(IRS Employer Identification No.)
2901 Butterfield Road
Oak Brook, Illinois 60523
(Address of Principal Executive Offices)
(630) 218-8000
(Registrant's telephone number including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing in intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Section 5 - Corporate Governance and Management
Item 5.02 - Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
Effective November 18, 2005, Barry L. Lazarus has resigned from the board of directors of Inland American Real Estate Trust, Inc. In lieu of filling the vacancy created by Mr. Lazarus' resignation the board has decreased its size from eight directors to seven directors. In connection with his resignation from the board, Mr. Lazarus also has resigned from the board of directors of Minto Builders (Florida), Inc., which we refer to herein as MB REIT. The board has nominated Lori J. Foust to replace Mr. Lazarus on the board of directors of MB REIT.
Section 8 – Other Events
Item 8.01 Other Events
Our joint venture, Minto Builders (Florida), Inc., referred to herein as MB REIT, acquired the following properties on the dates indicated below:
Antoine Town Center; Houston, Texas
On November 16, 2005, MB REIT purchased, from an unaffiliated third party, a fee simple interest in an existing retail center in Houston, Texas for a cash purchase price of approximately $9.7 million.  The center contains approximately 36,000 of gross leasable square feet (excluding ground lease space).
Ashford Plaza; Houston, Texas
On November 16, 2005, MB REIT purchased, from an unaffiliated third party, a fee simple interest in an existing retail center known as Ashford Plaza in Houston, Texas for a cash purchase price of approximately $3.8 million.  The center contains approximately 33,000 of gross leasable square feet (excluding ground lease space).
Highland Plaza; Houston, Texas
On November 16, 2005, MB REIT purchased, from an unaffiliated third party, an existing retail center known as Highland Plaza in Houston, Texas for a cash purchase price of approximately $19.2 million.  The center contains approximately 72,300 of gross leasable square feet (excluding ground lease space).
West End Square; Houston, Texas
On November 16, 2005, MB REIT purchased, from an unaffiliated third party, an existing retail center known as West End Square in Houston, Texas for a cash purchase price of approximately $3.5 million.  The center contains approximately 36,600 of gross leasable square feet (excluding ground lease space).
Atascocita Shopping Center; Humble, Texas
On November 22, 2005, MB REIT purchased, from an unaffiliated third party, an existing retail center known as Atascocita Shopping Center in Humble, Texas for a cash purchase price of approximately $10 million. The center contains approximately 47,300 of gross leasable square feet.
Cypress Town Center; Houston, Texas
On November 22, 2005, MB REIT purchased, from an unaffiliated third party, an existing retail center known as Cypress Town Center in Houston, Texas for a cash purchase price of approximately $15.3 million. The center contains approximately 55,000 of gross leasable square feet.
Bridgeside Point Office Building; Pittsburgh, Pennsylvania
On November 22, 2005, MB REIT purchased, from an unaffiliated third party, a freestanding office building known as Bridgeside Point Office Building in Pittsburgh, Pennsylvania for a cash purchase price of approximately $31.6 million..  The center contains approximately 153,100 of gross leasable square feet.
Winchester Town Center; Houston, Texas
On November 22, 2005, MB REIT purchased, from an unaffiliated third party, an existing retail center known as Winchester Town Center in Houston, Texas for a cash purchase price of approximately $4.9 million. The center contains approximately 18,000 of gross leasable square feet.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
INLAND AMERICAN REAL ESTATE TRUST, INC.
By:
/s/ Lori J. Foust
Name:
Lori J. Foust
Title:
Treasurer and Principal Accounting Officer
Date:
November 22, 2005