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RVI Announces Sale of Lowe’s - Newnan Crossing

BEACHWOOD, Ohio--(BUSINESS WIRE)--On July 27, 2020, Retail Value Inc. (NYSE:RVI) closed on the sale of the Lowe’s at Newnan Crossing (Newnan, GA) for $15.6 million. The shopping center parcel of Newnan Crossing was previously sold. Ninety percent (90%) of net proceeds were used to repay mortgage debt with the remaining proceeds retained as cash.