RVI Announces Sale of Millenia Plaza
BEACHWOOD, Ohio--(BUSINESS WIRE)--Feb 8, 2019--On February 8, 2019, Retail Value Inc. (NYSE:RVI) closed on the sale of Millenia Plaza (Orlando, FL) for $56.4 million. Net proceeds were used to repay mortgage debt associated with RVI.
Subsequent to the transaction, RVI owns interests in 25 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/20190208005448/en/
CONTACT: Matthew Ostrower, EVP and Chief Financial Officer
KEYWORD: UNITED STATES NORTH AMERICA FLORIDA OHIO
INDUSTRY KEYWORD: CONVENIENCE STORE DEPARTMENT STORES DISCOUNT/VARIETY LUXURY RESTAURANT/BAR HOME GOODS RETAIL SPECIALTY CONSTRUCTION & PROPERTY SUPERMARKET COMMERCIAL BUILDING & REAL ESTATE
SOURCE: Retail Value Inc.
Copyright Business Wire 2019.
PUB: 02/08/2019 04:05 PM/DISC: 02/08/2019 04:05 PM