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RVI Announces Sale of The Marketplace at Towne Centre

December 19, 2019 GMT

BEACHWOOD, Ohio--(BUSINESS WIRE)--Dec 19, 2019--

On December 19, 2019, Retail Value Inc. (NYSE:RVI) closed on the sale of The Marketplace at Towne Centre (Mesquite, TX) for $19.2 million. Net proceeds were used to repay mortgage debt associated with RVI.

Subsequent to the transaction, RVI owns interests in 16 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191219005746/en/

CONTACT: Christa Vesy, 216-755-5500

EVP and Chief Financial Officer

KEYWORD: TEXAS OHIO UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE DISCOUNT/VARIETY CONSTRUCTION & PROPERTY DEPARTMENT STORES OTHER RETAIL REIT SUPERMARKET RESTAURANT/BAR OTHER CONSTRUCTION & PROPERTY RETAIL

SOURCE: Retail Value Inc.

Copyright Business Wire 2019.

PUB: 12/19/2019 04:05 PM/DISC: 12/19/2019 04:05 PM

http://www.businesswire.com/news/home/20191219005746/en