RVI Announces Sale of Newnan Crossing – Shopping Center Parcel

BEACHWOOD, Ohio--(BUSINESS WIRE)--On January 15, 2020, Retail Value Inc. (NYSE:RVI) closed on the sale of the shopping center parcel of Newnan Crossing (Newnan, GA), which excludes the Lowe’s component, for $11.6 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.