Retail Properties of America, Inc. Announces Renewal of 14 PetSmart Locations

  Retail Properties of America, Inc. Announces Renewal of 14 PetSmart
  Locations

Business Wire

OAK BROOK, Ill. -- February 1, 2013

Retail Properties of America, Inc. (NYSE: RPAI) announced today the renewal of
14 PetSmart leases at the end of 2012, representing approximately 315,000
square feet. RPAI currently has 40 PetSmart stores in its portfolio.

“We strive to partner and continually expand our relationships with best in
class retailers such as PetSmart,” said Shane Garrison, executive vice
president, chief operating officer and chief investment officer of RPAI. “This
announcement is yet another example of our proactive asset management
approach, as we deliver on our ongoing commitment to generate a predictable
and growing cash flow stream for our shareholders.”

PetSmart, Inc. (NASDAQ: PETM) is the largest specialty pet retailer of
services and solutions for the lifetime needs of pets. The company employs
approximately 50,000 associates and operates more than 1,269 pet stores in the
United States, Canada and Puerto Rico facilities.

About RPAI

Retail Properties of America, Inc. is a fully integrated, self-administered
and self-managed real estate company 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. Additional information about the company is available at
www.rpai.com.

Forward-Looking Statements

The statements and certain other information contained in this press release,
which can be identified by the use of forward-looking terminology such as
“may,” “expect,” “continue,” “remains,” “intend,” “aim,” “should,”
“prospects,” “could,” “future,” “potential,” “believes,” “plans,” “likely,”
“anticipate,” and “probable,” or the negative thereof or other variations
thereon or comparable terminology, constitute “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 our current views about our plans, intentions, expectations,
strategies and prospects, which are based on the information currently
available to us and on assumptions we have made. Although we believe that our
plans, intentions, expectations, strategies and prospects as reflected in or
suggested by those forward-looking statements are reasonable, we can give no
assurance that such plans, intentions, expectations or strategies will be
attained or achieved. Furthermore, these forward-looking statements should be
considered as subject to the many risks and uncertainties that exist in the
Company’s operations and business environment. Such risks and uncertainties
could cause actual results to differ materially from those projected. These
uncertainties include, but are not limited to, general economic, business and
financial conditions, changes in the Company’s industry and changes in the
real estate markets in particular, market demand for and pricing of the
Company’s common stock, general volatility of the capital and credit markets,
competitive and cost factors, the ability of the Company to enter into new
leases or renew leases on favorable terms, defaults on, early terminations of
or non-renewal of leases by tenants, bankruptcy or insolvency of a major
tenant or a significant number of smaller tenants, the effects of declining
real estate valuations and impairment charges on the Company’s operating
results, increased interest rates and operating costs, decreased rental rates
or increased vacancy rates, the uncertainties of real estate acquisitions,
dispositions and redevelopment activity, the Company’s failure to successfully
execute its non-core disposition program and capital recycling efforts, the
Company’s ability to create long-term shareholder value, the Company’s ability
to manage its growth effectively, the availability, terms and deployment of
capital, regulatory changes and other risk factors, including those detailed
in the sections of the Company’s most recent Form 10-K and Form 10-Qs filed
with the SEC titled “Risk Factors”. We assume no obligation to update publicly
any forward-looking statements, whether as a result of new information, future
events or otherwise.

Contact:

Retail Properties of America, Inc.
Cherilyn Megill, (630) 634-4288
Megill@rpai.com
 
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