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Enterprising Investor

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Wednesday, 08/29/2018 6:51:38 PM

Wednesday, August 29, 2018 6:51:38 PM

Post# of 88
RVI Announces Sale of Brandon Boulevard Shoppes (8/29/18)

BEACHWOOD, Ohio--(BUSINESS WIRE)--On August 29, 2018, Retail Value Inc. (NYSE:RVI) closed on the sale ofBrandon Boulevard Shoppes (Valrico, FL) for $14.7 million. Net proceedswere used to repay mortgage debt associated with RVI.

Subsequent to the transaction, RVI owns interests in 31 propertieslocated in the continental U.S. and 12 properties in Puerto Rico.

About RVI

RVI is an independent publicly traded company trading under the tickersymbol “RVI” on the New York Stock Exchange. RVI holds assets in thecontinental U.S. and Puerto Rico and is managed by one or moresubsidiaries of DDR Corp. RVI focuses on realizing value in its businessthrough operations and sales of its assets. Additional information aboutRVI is available at www.retailvalueinc.com.

https://www.businesswire.com/news/home/20180829005722/en/RVI-Announces-Sale-Brandon-Boulevard-Shoppes

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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