RVI Announces Sale of Mariner Square

On April 5, 2019, Retail Value Inc. (NYSE:RVI) closed on the sale of Mariner Square (Spring Hill, FL) for $17.0 million.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Friday, April 5, 2019
Information
Tags: 
Convenience store, Department Stores, Discount, Variety, Luxury, Restaurant, Bar, Home Goods, Office Products, REIT, Retail, Cosmetics, Fashion, Food, Beverage, Specialty, Construction & Property, Supermarket, Commercial Building & Real Estate, Other Construction & Property, Bridal, Finance, Money, Economy, Stock market, Loans, Mortgage loan, Stock
Geotags: 
United States, Florida, Ohio
⚠generated by AI ↴
Summary
Key Points: 
  • On April 5, 2019, Retail Value Inc. (NYSE:RVI) closed on the sale of Mariner Square (Spring Hill, FL) for $17.0 million.
  • Net proceeds were used to repay mortgage debt associated with RVI.
  • Subsequent to the transaction, RVI owns interests in 22 properties located in the continental U.S. and 12 properties in Puerto Rico.
  • RVI is an independent publicly traded company trading under the ticker symbol RVI on the New York Stock Exchange.


On April 5, 2019, Retail Value Inc. (NYSE:RVI) closed on the sale of
Mariner Square (Spring Hill, FL) for $17.0 million. Net proceeds were
used to repay mortgage debt associated with RVI.

Subsequent to the transaction, RVI owns interests in 22 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.

Copyright: 
Copyright Business Wire 2019