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Press release from Business Wire

Retail Properties of America, Inc. Welcomes DSW to Gateway Pavilions

Wednesday, September 12, 2012

Retail Properties of America, Inc. Welcomes DSW to Gateway Pavilions17:05 EDT Wednesday, September 12, 2012 OAK BROOK, Ill. (Business Wire) -- Retail Properties of America, Inc. (NYSE: RPAI) announced today that one of its subsidiaries signed a 20,000-square-foot lease with DSW at Gateway Pavilions in Avondale, AZ. “The addition of DSW improves the overall customer draw by adding a strong soft goods retailer to our already outstanding tenant mix,” said John Reynolds, assistant vice president/asset manager for RPAI. “We are pleased to be a part of DSW's growth initiative,” he added. Gateway Pavilions is a 301,775-square-foot power center located in Avondale, AZ, one of the fastest growing areas in Maricopa County. The center successfully draws customers with a great mix of retail stores and restaurants and is adjacent to Costco and Harkins Theatres with key tenants including Bed Bath & Beyond, Marshalls and Sports Authority. DSW Inc. is a leading branded footwear and accessories retailer that offers a wide selection of brand name and designer dress, casual and athletic footwear and accessories for women, men and kids. As of August 21, 2012, DSW operated 338 stores in 41 states and operated an e-commerce site, http://www.dsw.com, and a mobile website, http://m.dsw.com. DSW also supplied footwear to 344 leased locations in the United States. For store locations and additional information about DSW, visit http://www.dswinc.com. Follow DSW on Twitter at http://twitter.com/DSWShoeLovers and "like" DSW on Facebook at http://www.facebook.com/DSW. 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 StatementsThe statements and certain other information contained in this press release, which can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “continue,” “remains,” “intend,” “aim,” “towards,” “should,” “prospects,” “could,” “future,” “potential,” “believes,” “plans,” “goal,” “initiative,” “likely,” “anticipate,” and “probable,” or the negative thereof or other variations thereon or comparable terminology, constitute “forward-looking statements” 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 Company's 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. Retail Properties of America, Inc.Cherilyn Megill, (630) 645-7247Cherilyn.Megill@rpai.com