DDR to Acquire Select Prime Power Centers from Blackstone J-V

DDR Corp is to acquire a portfolio of prime power centers from its existing joint venture with Blackstone Real Estate Partners VII. The joint venture between Blackstone and DDR currently owns 44 shopping centers, and DDR has executed a purchase and sale agreement to acquire Blackstone's 95% common equity ownership interest in 30 of these shopping centers for $1.46 billion.

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