Special Monday Report
DDR Sells Stake to Germans February 25th, 2009

DDR to sell stake to German investors
  • Developers Diversified Realty Corp. said it would sell a 20% stake in the company to Germany's Otto family for $112.5 million.
  • The Otto family, which owns malls and retailers in Central and Eastern Europe, could increase its stake to 30% of DDR.
  • Source: ICSC (2/25)

Note: DDR owns the Family Center Developments in Taylorsville, Midvale and Riverdale.

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