Lauth to Retain Five Million Square Feet of Commercial Real Estate in Settlement with Inland American

INDIANAPOLIS--(BUSINESS WIRE)--Lauth Investment Properties, LLC, (LIP) an affiliate of Lauth Group, Inc., today announces the terms of the settlement agreement reached with an affiliate of Inland American REIT last month. Both parties agreed to keep the details of the settlement confidential until it had been filed with the court today.

“properties and providing exceptional value to our clients.”

Under the terms of the settlement agreement, Lauth will retain 37 of the 43 properties totaling approximately 5,100,000 square feet plus approximately 1,000 acres of commercial development land. Inland will receive the remaining six properties totaling approximately 700,000 square feet. The U.S. Bankruptcy Court for the Southern District of Indiana is expected to formally approve the settlement later this month which will pave the way for LIP to exit bankruptcy.

Robert Lauth, Chairman of LIP stated, "We are very pleased with the terms of the settlement and we are glad to finally put this process behind us. We can now focus 100 percent of our time on maximizing the value of this large portfolio of "Class A" properties and providing exceptional value to our clients."

Lauth added, "We believe the terms of this settlement will clear up the confusion that has resulted from this prolonged litigation, and we are happy to now move ahead. We also wish to thank all our many supporters who stood by us throughout this process, especially our lenders who never lost faith in us or our abilities."

About Lauth®

Through its affiliated companies, Lauth® owns, manages and operates more than 5.7 million square feet of quality office, retail, industrial and healthcare properties throughout the United States. With more than $3 billion in completed projects in over 30 states, Lauth® is one of the nation’s leading development and construction companies. For more about Lauth®, visit www.lauth.net.