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RVI Announces Sale of Tucson Spectrum

Retail Value Inc. closed on the sale of Tucson Spectrum for $84.0 million. Net proceeds equal to 105% of the property’s allocated loan amount were used to repay mortgage debt associated with RVI with the remaining proceeds retained as cash. Subsequent to the transaction, RVI owns interests in 14 properties located in the continental U.S. and 12 properties in Puerto Rico.

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