RPAI Gets New Chief Financial Officer

CHICAGO—Retail Properties of America, Inc. has just chosen Heath R. Fear to serve as its new chief financial officer and treasurer. Fear currently serves as senior vice president, head of capital markets of General Growth Properties, Inc. and will start his new job on August 17. Company officials say he will play a key role in executing their portfolio and balance sheet strategy, in addition to overseeing all financial activities, including capital markets, accounting, investor relations, internal audit, internal reporting and treasury.

“After an exhaustive search, we have selected a highly accomplished and seasoned real estate professional to be the next chief financial officer of RPAI,” says Steven Grimes, president and chief executive officer of the Oak Brook, IL-based firm. “Heath has an outstanding reputation within the financial community and he brings a broad set of skills to our company, including capital markets expertise and a deep understanding of public REIT operations.”