RVI Announces Sale of Hamilton Commons
February 19 2020 - 4:19PM
Business Wire
On February 18, 2020, Retail Value Inc. (NYSE:RVI) closed on the
sale of Hamilton Commons (Mays Landing, NJ) for $60.0 million. Net
proceeds equal to 105% of the property’s allocated loan amount were
used to repay mortgage debt associated with RVI with the remaining
proceeds retained as cash.
Subsequent to the transaction, RVI owns interests in 15
properties located in the continental U.S. and 12 properties in
Puerto Rico.
About RVI
RVI is an independent publicly traded company trading under the
ticker symbol “RVI” on the New York Stock Exchange. RVI holds
assets in the continental U.S. and Puerto Rico and is managed by
one or more subsidiaries of SITE Centers Corp. (formerly known as
DDR Corp.). RVI focuses on realizing value in its business through
operations and sales of its assets. Additional information about
RVI is available at www.retailvalueinc.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200219005995/en/
Christa Vesy, 216-755-5500 EVP and Chief Financial Officer
Retail Value (NYSE:RVI)
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