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This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.
PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

RVI Announces Sale of TD Bank Pad – Homestead Pavilion

February 27, 2019

BEACHWOOD, Ohio--(BUSINESS WIRE)--Feb 27, 2019--On February 27, 2019, Retail Value Inc. (NYSE:RVI) closed on the sale of the TD Bank Pad at Homestead Pavilion (Homestead, FL) for $4.1 million. Net proceeds were used to repay mortgage debt associated with RVI.

RVI owns interests in 25 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190227005946/en/

CONTACT: Retail Value Inc.

Matthew Ostrower, EVP and Chief Financial Officer

216-755-5500

KEYWORD: UNITED STATES NORTH AMERICA OHIO

INDUSTRY KEYWORD: REIT CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE OTHER CONSTRUCTION & PROPERTY

SOURCE: RVI

Copyright Business Wire 2019.

PUB: 02/27/2019 04:05 PM/DISC: 02/27/2019 04:05 PM

http://www.businesswire.com/news/home/20190227005946/en