Retail Properties of America, Inc. (RPAI) said Wednesday that it has completed its offering of 31.8 million shares of its Class A common stock at $8.00 per share.
The company also said that the underwriters for the offering exercised in full their option to purchase an additional 4.77 million shares of its Class A common stock priced at $8.00 per share to cover overallotments. The sale of the additional 4.77 million shares was also completed today.
The Company's Class A common stock is traded on the New York Stock Exchange under the symbol "RPAI."
J.P. Morgan, Citigroup, Deutsche Bank Securities and KeyBanc Capital Markets were the joint book-running managers for the offering. Wells Fargo Securities was lead manager and Scotiabank and PNC Capital Markets LLC were co-managers.
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