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Developers Diversified Realty Corporation



Developers Diversified Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). Developers Diversified Realty, through its subsidiaries, is in the business of acquiring, developing, redeveloping, owning, leasing and managing shopping centers. In February, 2007, DDR’s portfolio consisted of 461 shopping centers and seven business centers and more than 1,170 acres of undeveloped land. During the year ended 2006, DDR acquired 20 properties. The company also sold the remaining Service Merchandise assets to a joint venture, in which the company owned a 20% equity interest. Of the 15 properties acquired through joint ventures, nine were in Brazil.


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