BEACHWOOD, Ohio--(BUSINESS WIRE)--Aug 29, 2018--On August 29, 2018, Retail Value Inc. (NYSE:RVI) closed on the sale of Brandon Boulevard Shoppes (Valrico, FL) for $14.7 million. Net proceeds were used to repay mortgage debt associated with RVI.

Subsequent to the transaction, RVI owns interests in 31 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 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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CONTACT: Retail Value Inc.

Matthew Ostrower, 216-755-5500

EVP and Chief Financial Officer

KEYWORD: UNITED STATES NORTH AMERICA FLORIDA OHIO

INDUSTRY KEYWORD: CONVENIENCE STORE BUILDING SYSTEMS CATALOG DEPARTMENT STORES DISCOUNT/VARIETY LUXURY ONLINE RETAIL SUPPLY CHAIN MANAGEMENT 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 WINE & SPIRITS OTHER CONSTRUCTION & PROPERTY OTHER RETAIL BRIDAL

SOURCE: Retail Value Inc.

Copyright Business Wire 2018.

PUB: 08/29/2018 04:05 PM/DISC: 08/29/2018 04:05 PM

http://www.businesswire.com/news/home/20180829005722/en