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RVI announces sale of Tupelo’s Big Oaks Crossing

On June 30, Retail Value Inc. closed on the sale of Big Oaks Crossing in Tupelo for $21 million. Ninety percent of the net proceeds were used to repay mortgage debt associated with RVI with the remaining proceeds retained as cash.

Subsequent to the transaction, RVI owns interests in 13 properties located in the continental U.S. and 12 properties in Puerto Rico.

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