RPAI shuffles execs, realigns platform

Oak Brook, Ill. - Retail Properties of America Inc. (RPAI) is shuffling some executives as part of a strategic realignment of its operating platform geographically between the eastern and western regions of the country. Timothy Steffan, former senior VP, asset management and commercial leasing for Macerich's eastern region, has joined RPAI as divisional president – eastern region.



Steffan will be a member of the senior leadership team reporting directly to Shane Garrison, executive VP, chief operating officer and chief investment officer. He be responsible for executing the strategic plan for the Company's eastern region portfolio, which includes the oversight of asset management, leasing, property management and re-development. Prior to joining RPAI, Steffan spent more than 20 years with Urban Retail Properties and Macerich.



Steffan resides in Washington, D.C. and will oversee the opening of RPAI's new regional office there in 2015.



In addition, Gerry Wright, RPAI's senior VP, director of asset management, has been promoted to divisional president – western region and will be Steffan's counterpart for the western region of RPAI's portfolio. Wright joined the company in 2009 and was responsible for the strategic direction, value enhancement and financial performance of assets throughout its portfolio. He has more than 25 years of experience in the real estate industry.