RETAIL PROPERTIES OF AMERICA, INC. (NYSE:RPAI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September20, 2017, Heath R. Fear resigned as the Executive Vice President, Chief Financial Officer and Treasurer of Retail Properties of America, Inc. (the “Company”) to pursue other opportunities. Following Mr.Fear’s resignation, Steven P. Grimes, the Company’s President and Chief Executive Officer, has assumed the responsibilities of the principal financial officer of the Company on an interim basis. Mr.Grimes previously served as the Chief Financial Officer of the Company. Michael P. Fitzmaurice has been named Senior Vice President, Finance and will assume primary responsibility for all capital markets and investor relations functions. Julie M. Swinehart will continue to function as the Company’s Chief Accounting Officer. Ms.Swinehart and Mr.Fitzmaurice will report directly to Mr.Grimes.

“The news we have to share with you about Heath today is bittersweet. He has made many contributions since he originally left GGP to join us in 2015; however, we recognize the career opportunity in front of him and we wish him the best in the future. Most importantly, we are pleased to retain a strong finance and accounting team, and we remain confident in our continuing ability to execute on our strategic plan,” commented Mr.Grimes.

Mr.Fear’s departure did not result from any disagreement regarding the Company’s financial reporting or accounting policies, procedures, estimates or judgments, any deficiency in the Company’s internal controls or any error in the Company’s reported financial results. Mr.Fear is not entitled to receive any cash severance payments, acceleration of vesting or other severance benefits in connection with his resignation, and all of his equity awards that were unvested upon his resignation were forfeited.

About RETAIL PROPERTIES OF AMERICA, INC. (NYSE:RPAI)

Retail Properties of America, Inc., formerly Inland Western Retail Real Estate Trust, Inc., is a real estate investment trust (REIT). The Company owns and operates shopping centers in the United States. The Company’s retail operating portfolio includes power centers, neighborhood and community centers, and lifestyle centers and predominantly multi-tenant retail mixed-use properties, as well as single-user retail properties. The Company owns approximately 200 retail operating properties representing approximately 28,930,000 square feet of gross leasable area (GLA). The Company owns properties in eastern division and western division of the United States. The Company’s eastern division consists of approximately 120 properties located in Alabama, Connecticut, Florida, Georgia, Indiana, Maine, Maryland, Massachusetts, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Vermont and Virginia.