RVI Announces Sale of Kyle Crossing
BEACHWOOD, Ohio--(BUSINESS WIRE)--Dec 14, 2018--On December 20, 2018, Retail Value Inc. (NYSE:RVI) closed on the sale of Kyle Crossing (Kyle, TX) for $27.6 million. Net proceeds were used to repay mortgage debt associated with RVI.
Subsequent to the transaction, RVI owns interests in 26 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. 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/20181214005525/en/
CONTACT: Retail Value Inc.
Matthew Ostrower, EVP and Chief Financial Officer
KEYWORD: UNITED STATES NORTH AMERICA OHIO TEXAS
INDUSTRY KEYWORD: CONVENIENCE STORE DEPARTMENT STORES RESTAURANT/BAR REIT RETAIL CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE OTHER RETAIL
SOURCE: Retail Value Inc.
Copyright Business Wire 2018.
PUB: 12/14/2018 04:05 PM/DISC: 12/14/2018 04:05 PM