Grimes: Focus is on the core properties

12/6/2012 | REIT.com

Since going public, Retail Properties of America has focused on a few goals, said Steven Grimes, president and CEO, at REITWorld 2012: NAREIT's Annual Convention for All Things REIT. This included concentrating on core properties and deleveraging its balance sheet. "The refined focus gives us better clarity on who we are; on what direction we are going in terms of the multi-tenant retail front," he said. "But most importantly it allows us to take advantage of growth in the portfolio."

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