RPAI has ten malls in Houston and with the price of oil going down it could be a large liability on RPAI. Houston highly depends on oil revenues and if the money is drying up a lot of people could be hurt as well.
It was a spin off from Inland Western Real Estate. You, I and thousands other investors got burned on this non-public traded REIT.
RPAI has been beating estimates for the last two quarters. I was hoping that it will go north of $18 but met resistance everytime it got close. What else is going on...possibly interest rates hike talks.