Retail Value Inc. Announces Sale of Noble Town Center
April 13 2021 - 4:25PM
Business Wire
On April 13, 2021, Retail Value Inc. (NYSE: RVI) closed on the
sale of Noble Town Center (Jenkintown, PA) for $14.0 million prior
to closing costs, prorations and other closing adjustments. Ninety
percent (90%) of net proceeds were used to repay mortgage debt
associated with RVI with the remaining proceeds retained as
cash.
Subsequent to the transaction, RVI owns interests in 9
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/20210413006130/en/
Christa Vesy, EVP and Chief Financial Officer 216-755-5500
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