An unknown buyer entered into an agreement to acquire Crossroads Center from Retail Value Inc. (NYSE:RVI) for $38.5 million on March 16, 2022. Crossroads Center is in Gulfport, Mississippi. Closing remains subject to customary conditions, including the receipt of tenant estoppels and the consent of the ground lessor to the assignment of the ground lease applicable to the shopping center. Closing is expected to occur by the end of April 2022. An unknown buyer completed the acquisition of Crossroads Center from Retail Value Inc. (NYSE:RVI) on April 12, 2022. Net proceeds from the transaction of approximately $37.2 million, along with cash on hand, are expected to be utilized for a special cash distribution on the Company’s common shares.