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

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

Business Wire

OAK BROOK, Ill. -- March 7, 2013

Retail Properties of America, Inc. (the “Company”) (NYSE: 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 www.sec.gov. 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:
prospectus.cpdg@db.com); 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:
Prospectus_Department@Jefferies.com).

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.

FORWARD-LOOKING STATEMENTS

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.

Contact:

Retail Properties of America, Inc.
Sarah Byrnes
Vice President, Investor Relations
800.541.7661
byrnes@rpai.com
www.rpai.com
 
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