Retail Properties of America, Inc. Appoints Thomas J. Sargeant to Board of
OAK BROOK, Ill. -- June 14, 2013
Retail Properties of America, Inc. (NYSE: RPAI) today announced the
appointment of Thomas J. Sargeant, chief financial officer of AvalonBay
Communities, to its Board of Directors, effective immediately. With the
appointment, the RPAI Board now consists of nine directors. Mr. Sargeant has
also been appointed to the Audit Committee.
“We are delighted to welcome a real estate and financial professional of Tom’s
caliber to the Board of Directors,” said Steve Grimes, president and chief
executive officer of RPAI. “Tom is a highly qualified and experienced
individual who brings to RPAI deep financial knowledge and extensive capital
markets experience. We look forward to benefiting from his perspectives and
valuable insights as we continue to execute on our strategic plans.”
About Tom Sargeant
Mr. Sargeant is chief financial officer of AvalonBay Communities, Inc., an S&P
500 listed company where he is responsible for all of the financial operations
of the company, including capital markets/finance, financial reporting and
financial services. Prior to Avalon’s formation, Mr. Sargeant served as Group
Financial Officer for the Northeast Group, the Mid-Atlantic Group and the
Midwest Group of Trammell Crow Residential. He was also responsible for
financial services operations. Mr. Sargeant joined Trammell Crow Residential
in 1986 as Controller and was promoted to Chief Financial Officer in 1989 and
to Group Financial Officer in 1992. Prior to joining Trammell Crow
Residential, Mr. Sargeant was with Arthur Andersen & Co., where he specialized
in the construction and real estate industries, serving both private and
publicly held clients. Mr. Sargeant, a certified public accountant, is a magna
cum laude graduate of the University of South Carolina where he was elected to
Phi Beta Kappa and the Honors College.
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. Additional information about the Company is available
Retail Properties of America, Inc.
Vice President, Finance
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