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RVI - Retail Value closes Uptown Salon sale for $10.1M
Retail Value Inc.
Retail Value (RVI) closed on the sale of Uptown Solon for $10.1M, prior to closing costs, prorations and other closing adjustments.Post the transaction, RVI owns interests in 8 properties located in the continental U.S. and 10 properties in Puerto Rico.90% of net proceeds were used to repay mortgage debt associated with RVI with the remaining proceeds retained as cash.