RVI Announces Sale of Shoppers World of Brookfield
BEACHWOOD, Ohio--(BUSINESS WIRE)--May 23, 2019--
On May 23, 2019, Retail Value Inc. (NYSE:RVI) closed on the sale of Shoppers World of Brookfield (Brookfield, WI) for $19.5 million. Net proceeds were used to repay mortgage debt associated with RVI.
Subsequent to the transaction, RVI owns interests in 21 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 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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190523005829/en/
CONTACT: Matthew Ostrower, EVP and Chief Financial Officer
KEYWORD: UNITED STATES NORTH AMERICA OHIO WISCONSIN
INDUSTRY KEYWORD: CONVENIENCE STORE BUILDING SYSTEMS DEPARTMENT STORES DISCOUNT/VARIETY ONLINE RETAIL RESTAURANT/BAR REIT RETAIL FASHION FOOD/BEVERAGE CONSTRUCTION & PROPERTY SUPERMARKET COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE
SOURCE: Retail Value Inc.
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PUB: 05/23/2019 05:14 PM/DISC: 05/23/2019 05:14 PM