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RVI Announces Sale of Big Oaks Crossing

BEACHWOOD, Ohio--(BUSINESS WIRE)--On June 30, 2020, Retail Value Inc. (NYSE:RVI) closed on the sale of Big Oaks Crossing (Tupelo, MS) for $21.0 million. Ninety percent (90%) of net proceeds were used to repay mortgage debt associated with RVI with the remaining proceeds retained as cash.