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DDR, Blackstone Buy $2 Billion's Worth of Shopping Centers

DDR, Blackstone Buy $2 Billion's Worth of Shopping Centers

In what will mark one of the largest retail portfolio deals year-to-date, shopping center REIT DDR and private equity firm Blackstone formed a joint venture to buy 76 shopping centers from American Realty Capital Properties, reports Bloomberg. The transaction is valued at approximately $2 billion, including assumed debt.

The portfolio is

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