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RVI Announces Sale of Tucson Spectrum

BEACHWOOD, Ohio--(BUSINESS WIRE)--On February 26, 2020, Retail Value Inc. (NYSE:RVI) closed on the sale of Tucson Spectrum (Tucson, AZ) 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.