Home › DDR Plans to Buy $250M Centers, Sell $200M Non-Performing in 2013
 

Keywords :   


DDR Plans to Buy $250M Centers, Sell $200M Non-Performing in 2013

2013-01-09 02:27:00| National Real Estate Investor

BEACHWOOD, OHMall giant DDR Corp. has released its guidance for 2013, including plans to acquire $250 million of prime shopping centers, sell $200 million of non-prime and non-income producing assets and bring $75 million of development online. Last year, the REIT, through various interests, purchased $2.1 billion of prime shopping centers and sold $347 million of non-prime operating assets. During 2012, the trust leased about11.3 million sq. ft., representing a 60 basis point improvement in the leased rate over year-end 2011, and resulting in a 94.2 percent leased rate by Dec. 31.

Tags: buy sell plans centers

Category:Real Estate

Latest from this category

All news
»
04.07Atlantic Tropical Weather Outlook
04.07Eastern North Pacific Tropical Weather Outlook
04.07Hurricane Beryl Graphics
04.07Hurricane Beryl Public Advisory Number 22A
04.07Summary for Hurricane Beryl (AT2/AL022024)
04.07Japan declares victory in 'war' on floppy disks
04.07'Airport parking firms left us out of pocket'
04.07Jeff Bezos to sell another $5bn of Amazon shares
More »