BEACHWOOD, Ohio--(BUSINESS WIRE)--Jul 6, 2018--On July 6, 2018, Retail Value Inc. (NYSE:RVI) closed on the sale of Tequesta Shoppes (Tequesta, FL) for $14.3 million. Net proceeds were used to repay mortgage debt associated with RVI.

Subsequent to the transaction, RVI owns interests in 35 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180706005407/en/

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 OTHER CONSUMER BUILDING SYSTEMS DEPARTMENT STORES DISCOUNT/VARIETY LUXURY RESTAURANT/BAR HOME GOODS OFFICE PRODUCTS LANDSCAPE REIT URBAN PLANNING RETAIL FASHION FOOD/BEVERAGE SPECIALTY CONSTRUCTION & PROPERTY SUPERMARKET COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE OTHER CONSTRUCTION & PROPERTY OTHER RETAIL CONSUMER BRIDAL

SOURCE: Retail Value Inc.

Copyright Business Wire 2018.

PUB: 07/06/2018 04:15 PM/DISC: 07/06/2018 04:15 PM

http://www.businesswire.com/news/home/20180706005407/en