Retail Value Inc. Announces Contract to Sell Green Ridge Square
November 02 2021 - 4:05PM
Business Wire
On November 2, 2021, Retail Value Inc. (NYSE: RVI) announced
that the general due diligence period had expired under an
agreement to sell Green Ridge Square located in Grand Rapids,
Michigan to a third party purchaser for $23.3 million in cash,
subject to adjustment for certain closing pro-rations, allocations,
credits, closing costs and escrows. Closing remains subject to
customary conditions and is expected to occur by the end of
2021.
About RVI
RVI is an independent publicly traded company trading under the
ticker symbol “RVI” on the New York Stock Exchange. RVI holds three
assets in the continental U.S. 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.
Safe Harbor
The Company considers information in this press release that
relates to expectations for future periods to be forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934,
both as amended. Although the Company believes that the
expectations reflected in such forward-looking statements are based
upon reasonable assumptions, it can give no assurance that its
expectations will be achieved. For this purpose, any statements
contained herein that are not historical fact may be deemed to be
forward-looking statements. There are a number of important factors
that could cause actual results to differ materially from those
indicated by such forward-looking statements, including, among
other factors, the Company and its subsidiary’s ability to satisfy
the conditions to closing specified in the sale agreement and the
purchaser’s ability to perform. The Company undertakes no
obligation to revise these forward-looking statements to reflect
events or circumstances that arise after the date hereof.
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version on businesswire.com: https://www.businesswire.com/news/home/20211102006154/en/
Christa Vesy EVP and Chief Financial Officer 216-755-5500
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