MIAMI—The shopping center space remains awash in unallocated capital, and there are relatively few high quality properties on the market as the REITs, pension funds, and private investors have become much more focused on obtaining and holding higher quality assets. So says Shane Garrison, executive vice president, COO and CIO of Retail Properties of America (RPAI).

RPAI is a REIT that describes itself as one of the largest owners and operators of high quality, strategically located shopping centers in the US. The company owns 224 retail operating properties spanning 31.8 million square feet.

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