Retail Value Inc. Announces Sale of Marketplace of Brown Deer
April 09 2021 - 4:24PM
Business Wire
On April 9, 2021, Retail Value Inc. (NYSE: RVI) closed on the
sale of Marketplace of Brown Deer (Brown Deer, WI) for $10.3
million prior to closing costs, prorations and other closing
adjustments. Net proceeds were used to repay mortgage debt
associated with RVI.
Subsequent to the transaction, RVI owns interests in 10
properties located in the continental U.S. and 11 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. 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/20210409005456/en/
Christa Vesy, EVP and Chief Financial Office 216-755-5500
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