RVI Announces Sale of Riverdale Village
September 24 2020 - 4:45PM
Business Wire
Retail Value Inc. (NYSE:RVI) closed on the sale of Riverdale
Village (Coon Rapids, MN) for $70.0 million. Net proceeds were used
to repay mortgage debt associated with RVI.
Subsequent to the transaction, RVI owns interests in 11
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20200924005902/en/
Retail Value Inc. For additional
information: Christa Vesy, EVP and Chief Financial Officer
216-755-5500
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