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NEW YORK--([ BUSINESS WIRE ])--The Securities Arbitration Law Firm of Klayman & Toskes (aK&Ta), [ www.nasd-law.com ], announced today that it is continuing to investigate claims against full-service brokerage firms who sold Inland Western Real Estate Investment Trust (aREITa) n/k/a Retail Properties of America (aRetail Propertiesa) (NYSE:RPAI) to their customers. K&T has received numerous inquiries from Retail Properties investors, including customers of LPL Financial and Ameriprise, and is preparing to file securities arbitration claims on their behalf.

Retail Properties was recently converted from a non-traded REIT to a publicly traded company on the New York Stock Exchange. Last June, the REIT was reportedly valued at $6.95 per share. With this decline, some Retail Properties investors were advised by their brokers that they should remain invested in the REIT as the value should rebound following the IPO. However, at the IPO, Retail Properties was offered at $8, well below the expected $10 to $12. Moreover, that $8 offering price was the result of a reverse stock split. The real value was approximately $3.20.

Many investors purchased Retail Properties at the recommendation of their brokers who advised them that it was a low risk, safe investment, thereby misrepresenting the product. In some cases, brokers placed a substantial portion of their clientas assets in the REIT, creating an over-concentration in a single product. Consequently, Retail Properties investors may be able to recover some of their losses by filing a securities arbitration claim against their full service brokerage firm, for sales practice violations which led to substantial losses in their portfolios.

Investors who purchased Retail Properties can contact K&T to explore their legal rights and options. The attorneys at K&T are dedicated to pursuing claims on behalf of investors who have suffered significant losses. K&T, an experienced, qualified and nationally recognized securities litigation law firm, practices exclusively in the field of securities arbitration and litigation. It continues its representation of investors throughout the world in securities arbitration and litigation matters against major Wall Street brokerage firms.

If you are an investor of Retail Properties, please contact Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire of Klayman & Toskes, P.A., at 888-997-9956 or visit us on the web at [ www.nasd-law.com ]