OAK BROOK, Ill.--(BUSINESS WIRE)--Retail Properties of America, Inc. (NYSE:RPAI) today announced that Matthew Beverly has joined RPAI as vice president, director of investments. Mr. Beverly will be responsible for leading investment activity through the evaluation and execution of acquisitions and dispositions for all markets east of the Mississippi river.
Mr. Beverly joins RPAI from General Growth Properties, Inc. (NYSE:GGP) where he served as the Vice President, Investments since 2008. At GGP, he closed over $3.0 billion of investment activity, which included the dispositions of non-core properties and the acquisitions of new shopping centers, urban retail properties, and joint venture ownership interests. Earlier in his career at GGP, Mr. Beverly helped lead the Company’s international investment activity and provided on-going asset management to GGP’s international holdings.
“This is an important time at RPAI as we continue to execute on our long-term strategic plan to refine our asset base and focus on our core markets,” said Shane Garrison, EVP, CIO and COO. “Matt has over 12 years of transactional experience at GGP and is a leader in his field, making him the perfect fit to expand our Investment team in 2014.”
Mr. Beverly currently serves as a Board member at Spectrum Inmobiliaria, a Guatemalan-based real estate company specializing in the development, acquisition and management of shopping malls in Central America and Colombia. Mr. Beverly has a Bachelor of Science degree in Finance from the University of Illinois at Urbana/Champaign with an Masters of Business Administration from the University of Chicago Booth School of Business with concentrations in Finance and Strategic Management.
Mr. Beverly will be partnering with Michael Hazinski, vice president, director of investments – west region. Mr. Hazinski joined Retail Properties of America, Inc. in 2007. Since joining RPAI, Mr. Hazinski has executed over $1.9 billion in transactions encompassing acquisitions, dispositions, debt financing and joint venture equity.
About Retail Properties of America, Inc.
Retail Properties of America, Inc. is a fully integrated, self-administered and self-managed real estate investment trust that owns and operates high quality, strategically located shopping centers across 34 states. The Company is one of the largest owners and operators of shopping centers in the United States. The Company is publicly traded on the New York Stock Exchange under the ticker symbol RPAI. Additional information about the Company is available at www.RPAI.com.