RVI Announces Sale of East Lloyd Commons
BEACHWOOD, Ohio--(BUSINESS WIRE)--Aug 1, 2018--On August 1, 2018, Retail Value Inc. (NYSE:RVI) closed on the sale of East Lloyd Commons (Evansville, IN) for $23.0 million. Net proceeds were used to repay mortgage debt associated with RVI.
Subsequent to the transaction, RVI owns interests in 33 properties located in the continental U.S. and 12 properties in Puerto Rico.
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 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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180801006040/en/
CONTACT: Retail Value Inc.
Matthew Ostrower, 216-755-5500
EVP and Chief Financial Officer
KEYWORD: UNITED STATES NORTH AMERICA OHIO
INDUSTRY KEYWORD: CONVENIENCE STORE BUILDING SYSTEMS CATALOG DEPARTMENT STORES DISCOUNT/VARIETY LUXURY RESTAURANT/BAR HOME GOODS OFFICE PRODUCTS ARCHITECTURE LANDSCAPE REIT URBAN PLANNING RETAIL COSMETICS FASHION FOOD/BEVERAGE SPECIALTY CONSTRUCTION & PROPERTY SUPERMARKET COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE OTHER CONSTRUCTION & PROPERTY BRIDAL
SOURCE: Retail Value Inc.
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PUB: 08/01/2018 05:04 PM/DISC: 08/01/2018 05:04 PM