RVI Announces Sale of Douglasville Pavilion
BEACHWOOD, Ohio--(BUSINESS WIRE)--Nov 20, 2018--On November 20, 2018, Retail Value Inc. (NYSE:RVI) closed on the sale of Douglasville Pavilion (Douglasville, GA) for $35.1 million. Net proceeds were used to repay mortgage debt associated with RVI.
Subsequent to the transaction, RVI owns interests in 27 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/20181120005712/en/
CONTACT: Matthew Ostrower
EVP and Chief Financial Officer
KEYWORD: UNITED STATES NORTH AMERICA GEORGIA OHIO
INDUSTRY KEYWORD: DEPARTMENT STORES DISCOUNT/VARIETY RESTAURANT/BAR REIT RETAIL SPECIALTY CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE OTHER CONSTRUCTION & PROPERTY OTHER RETAIL
SOURCE: Retail Value Inc.
Copyright Business Wire 2018.
PUB: 11/20/2018 04:05 PM/DISC: 11/20/2018 04:05 PM