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Retail Properties Of America

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Namestring
Retail Properties Of America
Websiteurl
rpai.com
Company typeenum
Private
Founded yearint
2003
Descriptiontext

Retail Properties Of America is a publicly traded retail real estate company headquartered in Oak Brook, Illinois, listed on the NYSE under the ticker RPAI. Founded in 2003 and operating with a 101-250 employee base, the company is described in its own materials as a "high quality, strategically" located real estate business, consistent with the profile of a U.S. shopping center REIT that owns and operates a portfolio of retail properties leased to commercial tenants.

The company's revenue model is characteristic of a retail REIT: it generates income through leasing retail space to tenants, with cash flows derived from contractual rents, occupancy economics, and asset-level financial performance. No specific product lines, technology platforms, pricing schedules, or tenant-segment breakdowns are disclosed in the available source data. The company's leadership includes Steve Grimes (Founder & CEO) and Matthew Beverly (President - Eastern Division), suggesting a regionally organized operating structure.

Strategic and financial signals are limited to a single dated capital event: an $850,000,000 raise on 2021-07-08, with investors and lead investor undisclosed in the available data. The substantial raise size is consistent with public-company capital markets activity (debt or equity issuance) rather than venture funding. Substantive operational detail — including property count, gross leasable area, geographic footprint, tenant roster, occupancy rates, and financial statements — is not present in the provided source material, which materially limits the depth of any analytical conclusion.

Short descriptiontext

Retail Properties Of America is a publicly traded retail real estate company (NYSE: RPAI), founded in 2003 and headquartered in Oak Brook, Illinois, that owns and operates a portfolio of shopping center properties leased to commercial retail tenants.

Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersOak Brook, United States
HQ citystring
Oak Brook
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
retail real estate, shopping center properties, commercial real estate, property leasing, REIT investments
Industry3 codes
1Retail Real Estate Asset Management
CodeBPAJAMAFPrimaryYes
2Retail Property Management
CodeBPAJAGABPrimaryNo
3Retail Brokerage
CodeBPAJABABPrimaryNo
SIC code1 code
  • Real Estate Dealers (For Their Own Account)6532
Product category
Retail Real Estate
Cost components3 values
Infrastructure, Operations, Personnel
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Retail Properties Of America is a publicly traded real estate company that owns, operates, and leases retail shopping center properties. The company generates revenue primarily through rental income from leasing retail space to tenants across its portfolio of shopping centers located in the United States.

Differentiator
Functional benefit
Problem solved
Product and service1 record
1Retail Shopping Center Properties
Recent move2 records

Each record includes

Date, Type, Title, Description, Source

Market position
Competitive moat2 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Retail Properties Of America

Retail Real Estaterpai.com

Retail Properties Of America is a publicly traded retail real estate company (NYSE: RPAI), founded in 2003 and headquartered in Oak Brook, Illinois, that owns and operates a portfolio of shopping center properties leased to commercial retail tenants.

What Retail Properties Of America does

Retail Properties Of America is a publicly traded retail real estate company headquartered in Oak Brook, Illinois, listed on the NYSE under the ticker RPAI. Founded in 2003 and operating with a 101-250 employee base, the company is described in its own materials as a "high quality, strategically" located real estate business, consistent with the profile of a U.S. shopping center REIT that owns and operates a portfolio of retail properties leased to commercial tenants.

The company's revenue model is characteristic of a retail REIT: it generates income through leasing retail space to tenants, with cash flows derived from contractual rents, occupancy economics, and asset-level financial performance. No specific product lines, technology platforms, pricing schedules, or tenant-segment breakdowns are disclosed in the available source data. The company's leadership includes Steve Grimes (Founder & CEO) and Matthew Beverly (President - Eastern Division), suggesting a regionally organized operating structure.

Strategic and financial signals are limited to a single dated capital event: an $850,000,000 raise on 2021-07-08, with investors and lead investor undisclosed in the available data. The substantial raise size is consistent with public-company capital markets activity (debt or equity issuance) rather than venture funding. Substantive operational detail — including property count, gross leasable area, geographic footprint, tenant roster, occupancy rates, and financial statements — is not present in the provided source material, which materially limits the depth of any analytical conclusion.

Retail Properties Of America firmographics

Firmographics
Name
Retail Properties Of America
Website
https://rpai.com
Company type
Private
Founded year
2003
Headcount range
101–250 employees
Short description
Retail Properties Of America is a publicly traded retail real estate company (NYSE: RPAI), founded in 2003 and headquartered in Oak Brook, Illinois, that owns and operates a portfolio of shopping center properties leased to commercial retail tenants.
Ownership category
akta.pro rank

Retail Properties Of America industry classification

Industry
Product category
Retail Real Estate
SIC
Real Estate Dealers (For Their Own Account) (6532)
akta.pro primary industry
Retail Real Estate Asset Management (BPAJAMAF)
akta.pro secondary industries
Retail Property Management (BPAJAGAB), Retail Brokerage (BPAJABAB)

Keywords

  • Retail real estate
  • Shopping center properties
  • Commercial real estate
  • Property leasing
  • REIT investments

Where Retail Properties Of America is headquartered

Location

Headquarters

HQ city
Oak Brook
HQ country
United States
HQ region
North America

Markets served

Retail Properties Of America business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Infrastructure, Operations, Personnel

Retail Properties Of America product offering

Product offering

Core offering

Retail Properties Of America is a publicly traded real estate company that owns, operates, and leases retail shopping center properties. The company generates revenue primarily through rental income from leasing retail space to tenants across its portfolio of shopping centers located in the United States.

Differentiator

Problem solved

Functional benefit

Products and services

  • Retail Shopping Center Properties

Companies that use Retail Properties Of America

Customer profile

Ideal customer profiles1 record

Retail Properties Of America technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Retail Properties Of America partnerships and signals

Strategic signal

Recent moves2 records

Retail Properties Of America competitors and assessment

Company assessment

Market position

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

Retail Properties Of America social profiles

Digital presence

Retail Properties Of America financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Retail Properties Of America leadership team

Management profile

Number of profiles

Profiles2 records

Retail Properties Of America funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Retail Properties Of America M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Retail Properties Of America

What does Retail Properties Of America do?

Retail Properties Of America is a publicly traded real estate company that owns, operates, and leases retail shopping center properties. The company generates revenue primarily through rental income from leasing retail space to tenants across its portfolio of shopping centers located in the United States.

When was Retail Properties Of America founded?

Retail Properties Of America was founded in 2003. It employs 101 to 250 people.

Where is Retail Properties Of America based?

Retail Properties Of America is headquartered in Oak Brook, United States, in the North America region.

Does Retail Properties Of America have an API?

No public API is recorded for Retail Properties Of America.

What industry is Retail Properties Of America in?

Retail Properties Of America's product category is Retail Real Estate. Its primary akta.pro industry code is BPAJAMAF, Retail Real Estate Asset Management, with a secondary code of BPAJAGAB, Retail Property Management. Its SIC code is 6532.

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Live signals
ThedealDeal Diary: Hogan Lovells, Goodwin Work Kite-RPAIKite Realty Group Trust (KRG) agreed on July 19 to combine with Retail Properties of America Inc. (RPAI) in an all-stock merger, creating a company with an enterprise value of approximately $7.5 billion. The deal values RPAI at about $2.7 billion, or $12.98 per share, representing a 13% premium to RPAI's closing price. Upon closing expected in Q4 2021, the combined entity will become one of the country's five largest shopping center REITs, operating 185 open-air shopping centers with 32 million square feet of space.GlobeNewswireKite Realty Group Announces Closing of $7.5 BillionKite Realty Group Trust completed its merger with Retail Properties of America, with RPAI merging into a KRG subsidiary. The combined portfolio includes 185 open-air shopping centers and mixed-use assets, over 30 million square feet, and is expected to be immediately FFO and NAV accretive.PR NewswireRetail Properties of America, Inc. Reports Second Quarter And Year To Date 2021 ResultsRetail Properties of America, Inc. reported Q2 2021 net income of $15.4 million ($0.07 per diluted share), a reversal from a $7.3 million loss in Q2 2020, with FFO attributable to common shareholders increasing 58% to $56.9 million. The company also announced it entered into a definitive merger agreement with Kite Realty Group Trust, pursuant to which RPAI will merge into a Kite subsidiary followed by a consolidation into Kite Realty Group's operating partnership, expected to close in Q4 2021 pending shareholder approvals. Portfolio performance showed a 32.7% increase in same-store net operating income year-over-year, while retail occupancy reached 91.8% and cash collections improved to 98% of billed Q2 2021 base rent.PR NewswireSHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Retail Properties of America, Inc. - RPAIMonteverde & Associates PC, a securities litigation law firm, announced an investigation into Retail Properties of America, Inc. regarding its proposed acquisition by Kite Realty Group Trust. The investigation examines whether RPAI and its Board of Directors violated securities laws or breached fiduciary duties related to the deal valuation and fairness of the process. RPAI shareholders would receive 0.6230 shares of Kite Realty Group Trust per share they own under the agreement.PR NewswireINVESTIGATION ALERT: Halper Sadeh LLP Investigates RPAI, JAX, CVA, LONE; Shareholders are Encouraged to Contact the FirmLaw firm Halper Sadeh LLP announced investigations into four companies—Retail Properties of America, J. Alexander's Holdings, Covanta Holding Corporation, and Lonestar Resources US Inc.—concerning potential violations of federal securities laws related to their respective proposed acquisitions. The investigated mergers involve transactions totaling four deals: Retail Properties being acquired by Kite Realty Group Trust at a 0.6230 share exchange ratio, J. Alexander's by SPB Hospitality LLC for $14.00 per share, Covanta by EQT Infrastructure for $20.25 per share, and Lonestar Resources by Penn Virginia Corporation at a 0.51 share exchange ratio. The firm is offering free consultation to shareholders of these companies to discuss legal rights and potential recourse regarding the proposed transactions.PR NewswireRetail Properties Of America, Inc. Announces Third Quarter 2021 Dividend On Common StockRetail Properties of America, Inc. announced that its board declared a third-quarter 2021 dividend of $0.075 per share for outstanding Class A common stock. The payment is scheduled for October 8, 2021, to shareholders of record as of October 1, 2021. This announcement details the company's regular distribution to investors.PR NewswireSHAREHOLDER ALERT: WeissLaw LLP Investigates Retail Properties of America, Inc.WeissLaw LLP announced an investigation into the board of directors of Retail Properties of America, Inc. regarding a proposed merger with Kite Realty Group Trust, valued at approximately $7.5 billion. Under the terms of the merger agreement, RPAI shareholders would receive 0.6230 shares of Kite Realty stock per RPAI share, implying per-share consideration of approximately $12.98, with RPAI shareholders retaining 60% and Kite Realty shareholders retaining 40% of the combined company. The law firm is examining whether the board fulfilled its fiduciary duties, whether the merger consideration adequately compensates shareholders, and whether full disclosure was made regarding the transaction valuation and process.GlobeNewswireKite Realty Group Trust and Retail Properties of America,Kite Realty Group Trust and Retail Properties of America announced a definitive merger agreement, with RPAI merging into a Kite subsidiary. The combined company would have a $7.5 billion enterprise value and a 13% premium to RPAI's stock, with a 100% stock-for-stock exchange. The deal is expected to close in Q4 2021.PR NewswireKite Realty Group Trust and Retail Properties of America, Inc. Announce $7.5 Billion Strategic MergerKite Realty Group Trust and Retail Properties of America, Inc. announced a definitive $7.5 billion stock-for-stock merger agreement, with RPAI merging into KRG to create a top-five shopping center REIT. The transaction, expected to close in the fourth quarter of 2021, involves a 13% premium for RPAI shareholders and combines portfolios totaling 185 open-air shopping centers primarily located in U.S. markets.PR NewswireRetail Properties Of America, Inc. Announces The Amendment And Extension Of Its $850 Million Unsecured Revolving Line Of CreditRetail Properties of America, Inc. closed the amendment and extension of its $850 million unsecured revolving line of credit, extending the maturity date to January 2026 and adding an accordion feature to potentially increase borrowing capacity by up to $750 million. The updated facility incorporates sustainability metrics for potential rate reductions and improves ratings-based grid pricing. KeyBanc Capital Markets Inc., Wells Fargo Securities, LLC, and other financial institutions served as co-lead arrangers for the transaction.