RVI Announces Sale of Midway Marketplace
27 March 2019 - 7:05AM
Business Wire
On March 26, 2019, Retail Value Inc. (NYSE:RVI) closed on the
sale of Midway Marketplace (St. Paul, MN) for $31.0 million. Net
proceeds were used to repay mortgage debt associated with RVI.
Subsequent to the transaction, RVI owns interests in 23
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 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190326005789/en/
Matthew Ostrower, EVP and Chief Financial
Officer216-755-5500
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