Retail Value Inc Announces Sale of Uptown Solon apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
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On April 14, 2021, Retail Value Inc. (NYSE: RVI) closed on the sale of Plaza Vega Baja (Baja, PR) for $4.5 million prior to closing costs, prorations and other closing adjustments. Net proceeds were used to repay mortgage debt associated with RVI.
Subsequent to the transaction, RVI owns interests in 9 properties located in the continental U.S. and 10 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. 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.
Busy Retail Value Inc. completes its third sale in a week
Retail Value Inc. (NYSE: RVI) has been busy for the past week.
The Beachwood-based company formed to sell shopping centers owned by the former DDR Corp. announced in a news release late Wednesday, April 14, that it closed on the sale of Plaza Vega Baja, in Baja, Puerto Rico, for $4.5 million prior to closing costs, prorations and other closing adjustments. Net proceeds were used to repay mortgage debt associated with Retail Value, which is known as RVI.
With the transaction, RVI said, it owns interests in nine properties in the continental United States and 10 properties in Puerto Rico.