Retail Value Inc. Announces Sale of Noble Town Center
BEACHWOOD, Ohio–(BUSINESS WIRE)–
On April 13, 2021, Retail Value Inc. (NYSE: RVI) closed on the sale of Noble Town Center (Jenkintown, PA) for $14.0 million prior to closing costs, prorations and other closing adjustments. Ninety percent (90%) of net proceeds were used to repay mortgage debt associated with RVI with the remaining proceeds retained as cash.
Subsequent to the transaction, RVI owns interests in 9 properties located in the continental U.S. and 11 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/20210413006130/en/
Christa Vesy, EVP and Chief Financial Officer
216-755-5500
KEYWORDS: United States North America Pennsylvania Ohio
INDUSTRY KEYWORDS: Commercial Building & Real Estate Construction & Property Discount/Variety Department Stores Finance Other Retail Supermarket Professional Services Retail
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