Steven Grimes

Steve Grimes is the Chief Executive Officer, Director of RPAI. He joined the Company in November 2007 and became CEO in October 2009. In 2011 he was also elected to RPAI’s Board of Directors. Mr. Grimes has led RPAI’s transformation into a leading independent owner of multi-tenant retail shopping centers, highlighted by the Company’s successful initial listing on the New York Stock Exchange in April 2012. Since the Company’s IPO, Mr. Grimes continues to take a proactive approach to the active asset management of the portfolio and the enhancement of the Company’s financial position, championing the Company’s strategic plan to focus on its target markets, owning approximately 3 to 5 million square feet per market, as well as enhancing the Company’s financial profile and brand.Mr. Grimes previously served as RPAI’s President from October 2009 through May 2018; Chief Financial Officer from November 2007 through December 2011; Chief Operating Officer from October 2009, and Treasurer from October 2008 through December 2011. Shortly after joining the Company, Mr. Grimes successfully led the restructuring and capitalization of RPAI’s debt during the global financial crisis. In addition, he oversaw an effort to re-tenant a significant number of big-box retail spaces in the RPAI portfolio following several notable bankruptcies/liquidations.Mr. Grimes has been an active member of the International Council of Shopping Centers (ICSC) for more than 12 years and is a driving force in the cultivation of RPAI’s partnership with the ICSC organization. Under his leadership, the Company has become one of the first ICSC North American Partners, increasing the brand’s presence within the Commercial Retail Real Estate Industry. Mr. Grimes also challenges his team to serve as thought leaders and industry experts by supporting the organization through a number of committee and education opportunities. In addition to ICSC, Mr. Grimes is also an active member of other retail real estate trade associations, including NAREIT and The Real Estate Roundtable.Mr. Grimes also leads RPAI’s charitable giving programs which include partnerships with The Wellness House in Hinsdale, IL, the Hephzibah Children’s Orphanage in Oak Park, IL, and the Chicago All Stars Project.Prior to joining RPAI, Mr. Grimes served as a Director with Cohen Financial, a mortgage brokerage firm, and as a senior manager with Deloitte in their Chicago-based real estate practice, where he was a national deputy real estate industry leader.Mr. Grimes received his B.S. in Accounting from Indiana University.