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Retail Properties of America, Inc.
RPAI today announced that, as part
of its strategic initiative to enhance its balance sheet through the
disposition of non-core and non-strategic assets, it has completed the sale of
18 non-core and non-strategic assets with a gross sales price of $190 million
during the third quarter of 2012. Proceeds from the transactions were used to
repay $133 million in related mortgage debt with additional net proceeds
further reducing leverage. As of October 1, all 2012 debt maturities have been
addressed.
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