Nareit is pleased to welcome Retail Value Inc. (NYSE: RVI) as its newest corporate member.
Retail Value Inc. is a spin-off of SITE Centers Corp. (NYSE: SITC), formerly DDR Corp., and includes SITE's U.S. shopping centers and Puerto Rico assets. The spinoff was first announced at the end of 2017 and completed in July 2018, and is part of retail REIT SITE’s broader portfolio transformation.
SITE CFO Matt Ostrower told Nareit in June that the company will ultimately liquidate the new REIT in the next two to five years.
(Contact Bonnie Gottlieb: BGottlieb@nareit.com)