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FINANCIAL | Real Estate / Commercial Property Management

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Acq - Pending | Acquired



About Retail Properties of America

Retail Properties of America (RPAI) is an owner and operator of shopping centers in the United States. The company's retail operating portfolio is geographically diversified and includes power centers, community centers, neighborhood centers and lifestyle centers, as well as single-user retail properties. RPAI's retail properties are primarily located in retail districts within densely populated areas in highly visible locations with convenient access to interstates and major thoroughfares.In April 2012, Retail Properties of America went public with a valuation of $642.8 million.

Retail Properties of America Headquarter Location

2021 Spring Road Suite 200

Oak Brook, Illinois, 60523,

United States


Latest Retail Properties of America News

Kite Realty Reports Increase in Q2 FFO

Aug 3, 2021

Kite Realty Reports Increase in Q2 FFO Tuesday, August 3rd 2021, 11:41 AM EDT Updated: By Mary Roberts, Writer/Reporter (photo courtesy of Kite Realty Group) INDIANAPOLIS - Indianapolis-based Kite Realty Group Trust (NYSE: KRG) is reporting a second quarter Funds from Operations of $29.8 million, compared to a $26.2 million during the same period last year. Chief Executive Officer John Kite says the company delivered "exceptional operational results" as it capitalized on strong retailer demand for its open-air shopping centers. “Given the continued leasing momentum and reduced tenant fallout, we raised guidance an additional $0.02 at the midpoint,” said Kite. Two weeks ago , the company announced plans to merge with Chicago-based Retail Properties of America Inc. (NYSE: RPAI)  in a deal valued at $7.5 billion. The companies expect to close the deal in the fourth quarter of 2021. During the quarter, the company says it signed new anchor leases, including Adidas at Portofino Shopping Center in Houston and Old Navy at Crossing at Killingly Commons in Connecticut. You can connect to the full earnings report by clicking here .

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