Retail Value Inc. Announces Sale of Uptown Solon
April 21 2021 - 4:12PM
Business Wire
On April 21, 2021, Retail Value Inc. (NYSE: RVI) closed on the
sale of Uptown Solon (Solon, OH) for $10.1 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 8
properties located in the continental U.S. and 10 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/20210421006016/en/
Retail Value Inc. Christa Vesy, EVP and Chief Financial Officer
216-755-5500
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