RVI Announces Sale of International Drive Value Center
November 13 2018 - 7:56PM
Business Wire
On November 13, 2018, Retail Value Inc. (NYSE:RVI) closed on the
sale of International Drive Value Center (Orlando, FL) for $26.2
million. Net proceeds were used to repay mortgage debt associated
with RVI.
Subsequent to the transaction, RVI owns interests in 28
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/20181113006280/en/
Retail Value Inc.Matthew Ostrower, 216-755-5500EVP and Chief
Financial Officer
Retail Value (NYSE:RVI)
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