RVI Announces Sale of West Allis Center

Date : 08/09/2019 @ 8:05PM
Source : Business Wire
Stock : Retail Value Inc (RVI)
Quote : 38.0  0.69 (1.85%) @ 7:40PM

RVI Announces Sale of West Allis Center

Retail Value (NYSE:RVI)
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6 Months : From May 2019 to Nov 2019

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On August 9, 2019, Retail Value Inc. (NYSE:RVI) closed on the sale of West Allis Center (West Allis, WI) for $18.1 million. Net proceeds were used to repay mortgage debt associated with RVI.

Subsequent to the transaction, RVI owns interests in 17 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.

Matthew Ostrower, 216-755-5500 EVP and Chief Financial Officer

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