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OAK BROOK, Ill.--([ BUSINESS WIRE ])--Retail Properties of America, Inc. (NYSE: RPAI) (the aCompanya) announced today it is not affected by the Best Buy store closings released Saturday, April 14, 2012 by Best Buy.

"We are pleased that our locations were not part of the closings which further supports and speaks to the high quality nature of our portfolio"

"We are pleased that our locations were not part of the closings which further supports and speaks to the high quality nature of our portfolio,a said Shane Garrison, executive vice president, chief operating officer and chief investment officer for RPAI. aAs part of our ongoing strategy to preserve and strengthen our portfolio through active asset management and leasing, we continue to have ongoing dialogue with Best Buy as they position themselves for sustained, profitable growth in the future.a

About Retail Properties of America, Inc.

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.

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 amay,a awill,a aexpect,a acontinue,a aremains,a aintend,a aaim,a atowards,a ashould,a aprospects,a acould,a afuture,a apotential,a abelieves,a aplans,a agoal,a ainitiative,a alikely,a aanticipate,a and aprobable,a or the negative thereof or other variations thereon or comparable terminology, constitute aforward-looking statementsa 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 statements should be considered as subject to the many risks and uncertainties that exist in the Companyas 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, that the closing of the aforementioned offering is subject to, among other things, standard closing conditions and customary rights of the underwriters to terminate the underwriting agreement due to any outbreak or escalation of hostilities or any change in financial markets or any calamity or crisis, either within or outside the United States, and other risks and uncertainties detailed from time to time in the Company's filings with the Securities and Exchange Commission. The Company does not undertake any duty to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.