Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Retail Value Inc. Announces Sale of Puerto Rico Portfolio By: Retail Value Inc. via Business Wire August 27, 2021 at 17:01 PM EDT On August 27, 2021, Retail Value Inc. (NYSE: RVI) closed on the sale of the Company’s 9 remaining properties in Puerto Rico for $550 million prior to closing costs, prorations and other closing adjustments. Subsequent to the transaction, RVI owns interests in 8 properties located in the continental U.S. Net proceeds received at closing were approximately $539 million, a portion of which were used to fully repay the outstanding balance of the Company’s mortgage loan. Immediately prior to closing, the outstanding principal balance of the mortgage loan was approximately $214.5 million. RVI Puerto Rico Sale Properties Property Name City Owned GLA (000's) Plaza Isabela Isabela 259 Plaza Fajardo Fajardo 274 Plaza Walmart Guayama 164 Plaza del Atlántico Arecibo 223 Plaza del Sol Bayamon 598 Plaza Río Hondo Bayamon 556 Plaza Escorial Carolina 525 Plaza Cayey Cayey 313 Plaza del Norte Hatillo 626 Goldman Sachs & Co. LLC acted as a financial advisor to RVI in connection with this transaction. 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 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/20210827005405/en/Contacts Christa Vesy, EVP and Chief Financial Officer 216-755-5500 Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Retail Value Inc. Announces Sale of Puerto Rico Portfolio By: Retail Value Inc. via Business Wire August 27, 2021 at 17:01 PM EDT On August 27, 2021, Retail Value Inc. (NYSE: RVI) closed on the sale of the Company’s 9 remaining properties in Puerto Rico for $550 million prior to closing costs, prorations and other closing adjustments. Subsequent to the transaction, RVI owns interests in 8 properties located in the continental U.S. Net proceeds received at closing were approximately $539 million, a portion of which were used to fully repay the outstanding balance of the Company’s mortgage loan. Immediately prior to closing, the outstanding principal balance of the mortgage loan was approximately $214.5 million. RVI Puerto Rico Sale Properties Property Name City Owned GLA (000's) Plaza Isabela Isabela 259 Plaza Fajardo Fajardo 274 Plaza Walmart Guayama 164 Plaza del Atlántico Arecibo 223 Plaza del Sol Bayamon 598 Plaza Río Hondo Bayamon 556 Plaza Escorial Carolina 525 Plaza Cayey Cayey 313 Plaza del Norte Hatillo 626 Goldman Sachs & Co. LLC acted as a financial advisor to RVI in connection with this transaction. 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 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/20210827005405/en/Contacts Christa Vesy, EVP and Chief Financial Officer 216-755-5500
On August 27, 2021, Retail Value Inc. (NYSE: RVI) closed on the sale of the Company’s 9 remaining properties in Puerto Rico for $550 million prior to closing costs, prorations and other closing adjustments. Subsequent to the transaction, RVI owns interests in 8 properties located in the continental U.S. Net proceeds received at closing were approximately $539 million, a portion of which were used to fully repay the outstanding balance of the Company’s mortgage loan. Immediately prior to closing, the outstanding principal balance of the mortgage loan was approximately $214.5 million. RVI Puerto Rico Sale Properties Property Name City Owned GLA (000's) Plaza Isabela Isabela 259 Plaza Fajardo Fajardo 274 Plaza Walmart Guayama 164 Plaza del Atlántico Arecibo 223 Plaza del Sol Bayamon 598 Plaza Río Hondo Bayamon 556 Plaza Escorial Carolina 525 Plaza Cayey Cayey 313 Plaza del Norte Hatillo 626 Goldman Sachs & Co. LLC acted as a financial advisor to RVI in connection with this transaction. 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 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/20210827005405/en/
