RVI Announces Sale of International Drive Value Center
BEACHWOOD, Ohio--(BUSINESS WIRE)--Nov 13, 2018--On November 13, 2018, Retail Value Inc. (NYSE:RVI) closed on the sale of International Drive Value Center (Orlando, FL) for $26.2 million. Net proceeds were used to repay mortgage debt associated with RVI.
Subsequent to the transaction, RVI owns interests in 28 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/20181113006280/en/
CONTACT: Retail Value Inc.
Matthew Ostrower, 216-755-5500
EVP and Chief Financial Officer
KEYWORD: UNITED STATES NORTH AMERICA OHIO
INDUSTRY KEYWORD: CATALOG DEPARTMENT STORES DISCOUNT/VARIETY ONLINE RETAIL SUPPLY CHAIN MANAGEMENT RESTAURANT/BAR RETAIL COSMETICS FASHION FOOD/BEVERAGE SPECIALTY OTHER RETAIL
SOURCE: Retail Value Inc.
Copyright Business Wire 2018.
PUB: 11/13/2018 07:56 PM/DISC: 11/13/2018 07:55 PM