Retail Properties of America, Inc. (RPAI)
Real EstateIllinois, United States201-500 Employees
Retail Properties of America, Inc. is a real estate investment trust that owns and operates a portfolio of open-air shopping centers, including properties with mixed-use components, selected for their high-quality locations. Its strategy prioritizes long-term value through ownership, operation, and redevelopment of retail-driven assets to align with evolving retail trends. The company is headquartered in Hinsdale, Illinois, and seeks to position its holdings to benefit from demand for open-air retail formats and mixed-use environments. It serves retailers seeking well-located spaces and the shoppers who visit these hubs, with the centers designed to attract foot traffic and support tenant performance. RPAI emphasizes sustaining asset value over time through ongoing management and selective redevelopment of its properties, including expansions into mixed-use opportunities. A recent development noted is Urban Outfitters signing a lease at Circle East, a mixed-use redevelopment project in Towson, Maryland, illustrating active tenant engagement at redeveloped assets.
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