Feldman Mall Properties, Inc. Announces the Termination of the Inland Transaction

Share Name	Share Symbol	Market	Type
Etracs Wells Fargo Mlp Ex-Energy Etn	AMEX:FMLP	AMEX	Common Stock

Share Name

Share Symbol

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Type

Etracs Wells Fargo Mlp Ex-Energy Etn

AMEX:FMLP

AMEX

Common Stock

	Price Change	% Change	Share Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%	18.16				0	01:00:00

Price Change

% Change

Share Price

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Low Price

Open Price

Shares Traded

Last Trade

0.00

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18.16

01:00:00

Feldman Mall Properties, Inc. Announces the Termination of the Inland Transaction

27/01/2009 9:00pm

PR Newswire (US)

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GREAT NECK, N.Y., Jan. 27 /PRNewswire-FirstCall/ -- Feldman Mall Properties, Inc. (Pink Sheets: FMLP) announced today that it has received notice that Inland American Real Estate Trust, Inc. ("Inland") has exercised its rights to terminate the letter agreement that was previously announced on November 14, 2008. The agreement with Inland provided that Feldman would repurchase from Inland 2,000,000 shares of 6.85% Series A Cumulative Convertible Preferred Stock (the "Series A Preferred Stock"). In exchange, Inland would have received title to the Stratford Square Mall, located in Bloomingdale, Illinois; Northgate Mall, located in Cincinnati, Ohio; and the Golden Triangle Mall, located in Denton, Texas (collectively, the "Malls"); subject to the mortgage indebtedness secured by the Malls. Inland would also have delivered to the Company $9.125 million in cash representing the amount by which the value of the Malls, subject to the outstanding indebtedness, exceeded the value of the Series A Preferred Stock. As a result of the termination of the transaction with Inland, the Company will need to raise capital from an alternative source in order to retire the $28.5 million principal amount of unsecured fixed and floating rate junior subordinated notes and related trust preferred securities. In addition, the Company will need to raise sufficient additional capital or negotiate appropriate modifications to existing debt arrangements in order to continue to fund its ongoing operations. However the current economic and business environment makes the achievement of any such alternative transactions especially difficult and there can be no assurance that any such transactions will be completed. About Feldman Mall Properties, Inc. The Company's common shares are quoted on Pink OTC Markets, a privately owned company formally known as Pink Sheets, which operates Pink Quote. The Company's portfolio, including non-owned anchor tenants, consists of six regional malls aggregating approximately 5.8 million square feet. For more information on Feldman Mall Properties Inc., visit the Company's website at http://www.feldmanmall.com/. DATASOURCE: Feldman Mall Properties, Inc. CONTACT: Thomas E. Wirth, President & Chief Financial Officer of Feldman Mall Properties, Inc., +1-516-684-1239 Web site: http://www.feldmanmall.com/

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FMLP Etracs Wells Fargo Mlp Ex-Energy Etn