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RVI Announces Sale of Plaza Palma Real & Partial Loan Prepayment

BEACHWOOD, Ohio--(BUSINESS WIRE)--On December 22, 2020, Retail Value Inc. (NYSE:RVI) closed on the sale of Plaza Palma Real (Humacao, PR) for $50.0 million prior to closing costs, prorations and other closing adjustments. Net proceeds were used to repay mortgage debt associated with RVI.