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Mishorim Gold Properties buys Willowbrook Plaza, eyes more Houston deals
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The sale of Willowbrook Plaza, a 392,542-square-foot shopping center in Houston, leaves RVI with just one remaining disposition property from the portfolio of the former DDR Corp. RVI also declared a special cash distribution on its common shares of $3.27 per share, payable on Jan. 18, 2022, to shareholders of record at the close of business on Dec. 29.
The sale of the 406,000-square-foot Green Ridge Square in Grand Rapids leaves Beachwood-based RVI with just two more disposition properties. RVI was spun out in summer 2019 by SITE Centers Corp., the company previously known as DDR Corp., to sell shopping centers DDR had owned.
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