Retail Properties of America, Inc. Announces At-The-Market Equity Program

Retail Properties of America, Inc. Announces At-The-Market Equity Program

OAK BROOK, Ill.--(BUSINESS WIRE)-- Retail Properties of America, Inc. (the "Company") (NYS: RPAI) today announced it has established an at-the-market equity program under which it may sell shares of Class A common stock of the Company, having an aggregate offering price of up to $200 million (the "Shares"), from time to time through Deutsche Bank Securities, Citigroup and Jefferies, as sales agents.

Sales of Shares, if any, may be made in negotiated transactions or transactions that are deemed to be "at-the-market offerings" as defined in Rule 415 under the Securities Act of 1933, as amended, including sales made directly on the New York Stock Exchange or sales made to or through a market maker other than on an exchange or through an electronic communications network. The Shares will be offered at negotiated prices or prevailing market prices at the time of sale.

The Company intends to use the net proceeds of this offering for general corporate purposes, which may include repaying debt, including the Company's revolving credit facility, and funding acquisitions.

The Company has filed a prospectus supplement with the Securities and Exchange Commission for the offering of the Shares described in this communication. Before you invest, you should read the prospectus supplement relating to the at-the-market equity program and other documents the Company has filed with the SEC for more complete information about it and the at-the-market equity program. You may obtain these documents at no cost by visiting EDGAR on the SEC web site at Additionally, copies of the prospectus supplement and accompanying prospectus relating to these securities may be obtained by contacting: Deutsche Bank Securities, Attention: Prospectus Supplement, 60 Wall Street, New York, NY, 10005-2836 (telephone: (800) 503-4611 or e-mail:; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (telephone: (800) 831-9146); or Jefferies, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 12th Floor, New York, NY 10022, (telephone: (877) 574-6340 or e-mail:

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. The at-the-market offering may be made only by means of a prospectus supplement and the related prospectus.

About Retail Properties of America, Inc.

Retail Properties of America, Inc. is a fully integrated, self-administered and self-managed real estate investment trust that owns and operates high quality, strategically located shopping centers across 35 states. The Company is one of the largest owners and operators of shopping centers in the United States. The Company is publicly traded on the New York Stock Exchange under the ticker symbol RPAI.


This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. These forward-looking statements reflect the Company's current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to the Company and on assumptions the Company has made. Although the Company believes that its plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, the Company can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond the Company's control including, without limitation, the factors included in our Annual Report on Form 10-K for the year ended December 31, 2012, readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, the Company undertakes no obligation to publicly release any revisions to such forward-looking statements to reflect events or circumstances after the date as of which they are made.

Retail Properties of America, Inc.
Sarah Byrnes
Vice President, Investor Relations

KEYWORDS:   United States  North America  Illinois


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