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Retail Properties Of America Announces Full Exercise Of Overallotment Option

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Retail Properties of America, Inc. (RPAI: Quote) 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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by RTT Staff Writer

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