Retail Properties of America, Inc. (the “Company”) (NYSE: RPAI) today announced it has established an at-the-market equity program under which it may sell shares of Class A common stock of the Company, having an aggregate offering price of up to $200 million (the “Shares”), from time to time through Deutsche Bank Securities, Citigroup and Jefferies, as sales agents. Sales of Shares, if any, may be made in negotiated transactions or transactions that are deemed to be “at-the-market offerings” as defined in Rule 415 under the Securities Act of 1933, as amended, including sales made directly on the New York Stock Exchange or sales made to or through a market maker other than on an exchange or through an electronic communications network. The Shares will be offered at negotiated prices or prevailing market prices at the time of sale. The Company intends to use the net proceeds of this offering for general corporate purposes, which may include repaying debt, including the Company’s revolving credit facility, and funding acquisitions. The Company has filed a prospectus supplement with the Securities and Exchange Commission for the offering of the Shares described in this communication. Before you invest, you should read the prospectus supplement relating to the at-the-market equity program and other documents the Company has filed with the SEC for more complete information about it and the at-the-market equity program. You may obtain these documents at no cost by visiting EDGAR on the SEC web site at www.sec.gov. Additionally, copies of the prospectus supplement and accompanying prospectus relating to these securities may be obtained by contacting: Deutsche Bank Securities, Attention: Prospectus Supplement, 60 Wall Street, New York, NY, 10005-2836 (telephone: (800) 503-4611 or e-mail: firstname.lastname@example.org); Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (telephone: (800) 831-9146); or Jefferies, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 12th Floor, New York, NY 10022, (telephone: (877) 574-6340 or e-mail: Prospectus_Department@Jefferies.com). This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. The at-the-market offering may be made only by means of a prospectus supplement and the related prospectus.