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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210414005866/en/
Contacts
Christa Vesy, EVP and Chief Financial Officer
216-755-5500
