RVI Announces Sale of Big Oaks Crossing
June 30 2020 - 6:00PM
Business Wire
On June 30, 2020, Retail Value Inc. (NYSE:RVI) closed on the
sale of Big Oaks Crossing (Tupelo, MS) for $21.0 million. 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 13
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/20200630006055/en/
Christa Vesy, EVP and Chief Financial Officer 216-755-5500
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