Developers Diversified Realty nation's leading developer of market-dominant community centers

Submitted by Norm Roulet on Fri, 05/26/2006 - 08:10.

 

  From DDR Website at http://www.ddr.com/center_intro.php

 

Developers Diversified Realty currently owns and manages approximately 500 operating and development properties totaling approximately 113 million square feet of real estate in 44 states and Puerto Rico. Developers Diversified is a self-administered and self-managed real estate investment trust (REIT) operating as a fully integrated real estate company which acquires, develops, leases and manages shopping centers. To locate a Developers Diversified shopping center, choose the search option below to customize a search using your criteria or use our interactive map to browse all of Developers Diversified's shopping centers.

 

 

 From DDR Website at http://www.ddr.com/criteria/investment.php

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Acquisitions

James A. Schoff
Senior Investment Officer

Property Type: Open-air shopping centers (details below) & Lifestyle Centers
Size: 250,000 square feet to 1,000,000 square feet
Anchor Tenants: Two or more strong national tenant anchors such as Wal-Mart, Target, Home Depot, Lowe's, major regional or national supermarket, etc
Financing: All cash or Operating Units, will assume existing debt
Small Shops: 20,000 to 50,000 square feet of shopping center GLA
Geography: United States
Investment Value:   $25 million minimum
Contact:
Joseph G. Padanilam
Senior Vice President of Acquisitions and Dispositions
(216)755-5782

 

 

From DDR Website at http://www.ddr.com/developments.php

 

One of the keys to Developers Diversified's road to prominence in its industry is the company's aggressive development program and its ability to maximize the potential of its shopping centers through redevelopment, renovation and expansion. Many considerations come into play when Developers Diversified researches an opportunity to develop a shopping center - rural or urban - but the pivotal factor is whether the property can accommodate a shopping center that matches the community's needs.

• Size and Market Conditions.
Community Centers
We are the nation's leading developer of market-dominant community centers, with shopping centers ranging from 250,000 square feet to more than 1,000,000 square feet of GLA. These expansive developments require a minimum of 30 to a maximum of 100 acres and thrive in markets with at least 150,000 people and an average household income of $65,000 or more within five miles.

Lifestyle Centers
Our growing portfolio of lifestyle centers, among the nation's most successful, typically range between 100,000 and 300,000 square feet. Demographic criteria for lifestyle developments begin with a primary trade area of 150,000 people and an average household income of $85,000 or more within five miles.
Our growing portfolio of lifestyle centers, among the nation's most successful, typically range between 100,000 and 300,000 square feet. Demographic criteria for lifestyle developments begin with a primary trade area of 150,000 people and an average household income of $85,000 or more within five miles. -->

• Multi-Use and Urban Developments. Developers Diversified's expertise extends beyond community centers and lifestyle centers. Many of our recent undertakings combine the best of both product types, as we've ascended to the forefront of developing hybrid centers and mixed-use developments in urban in-fill markets.

• Location. Developers Diversified considers new development sites across the United States with an emphasis on New England, Mid-Atlantic, Florida and California and overseas.

Developers Diversified currently has coast-to-coast development commitments exceeding $1.7 billion, but our quest for prime properties is a central, ongoing dimension of our operations. If you believe you might hold real estate that would fit into the Developers Diversified portfolio of more than 500 properties and our growing development pipeline, please contact us.

Contacts

For additional land acquisition criteria, please contact alanglois [at] ddr [dot] com, director of market research.

For land acquisition opportunities in the eastern United States, please contact bkern [at] ddr [dot] com.

For land acquisition opportunities in Florida, please contact azidar [at] ddr [dot] com.

For land acquisition opportunities in the western United States, please contact gcary [at] ddr [dot] com.