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OAK BROOK, Ill.--([ BUSINESS WIRE ])--Retail Properties of America, Inc. (NYSE: RPAI) today announced the closing on the sale of a 1.04-million-square-foot Cost Plus Distribution Center in Stockton, CA for approximately $63 million.

"This successful disposition reduces our non-core GLA by approximately 25 percent and further demonstrates our ongoing commitment to shareholder value and continued execution on our strategic plan"

aThis successful disposition reduces our non-core GLA by approximately 25 percent and further demonstrates our ongoing commitment to shareholder value and continued execution on our strategic plan,a said Shane Garrison, executive vice president and chief operating officer for RPAI.

About RPAI

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. The company is publicly traded on the New York Stock Exchange under the ticker symbol RPAI. Additional information about the company is available at [ www.rpai.com ].

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.