RVI Announces Sale of Homestead Pavilion
May 31 2019 - 4:07PM
Business Wire
On May 31, 2019, Retail Value Inc. (NYSE:RVI) closed on the sale
of Homestead Pavilion (Homestead, FL) for $62.3 million. Net
proceeds were used to repay mortgage debt associated with RVI.
Subsequent to the transaction, RVI owns interests in 20
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/20190531005551/en/
Retail Value Inc.Matthew Ostrower, EVP andChief Financial
Officer216-755-5500
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