DDR Corp. acquired Carolina Pavilion from Blackstone Real Estate Partners VII, L.P., fund of Blackstone Real Estate Advisors for approximately $110 million.
January 03, 2013 at 09:30 am IST
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DDR Corp. (NYSE:DDR) acquired Carolina Pavilion from Blackstone Real Estate Partners VII, L.P., fund of Blackstone Real Estate Advisors for approximately $110 million in late December 2012. DDR Corp. funded the transaction through a combination of proceeds from asset sales, new common equity and the November 2012 unsecured notes issuance.
DDR Corp. (NYSE:DDR) completed the acquisition of Carolina Pavilion from Blackstone Real Estate Partners VII, L.P., fund of Blackstone Real Estate Advisors in late December 2012.
SITE Centers Corp. is a self-administered and self-managed real estate investment trust (REIT). The Company is an owner and manager of open-air shopping centers located in suburban, high household income communities. It is engaged in the business of owning, leasing, acquiring, redeveloping, developing, and managing shopping centers. The Company owns approximately 108 shopping centers. These centers are principally located in the Southeast, including Florida, Georgia, Illinois, and Colorado. Its properties include discounters, specialty grocers, pet supply stores, fitness centers, quick-service restaurants and beauty supply retailers as additional anchors or tenants. Its properties include Chandler Center, Shops at Gilbert Crossroads, Ahwatukee Foothills Towne Center, Deer Valley Towne Center, Red Mountain Corner, Creekside Plaza, Centennial Promenade, Millenia Crossing, Cumming Marketplace, Hammond Springs, White Oak Village, and Downtown Short Pump.
DDR Corp. acquired Carolina Pavilion from Blackstone Real Estate Partners VII, L.P., fund of Blackstone Real Estate Advisors for approximately $110 million.
SITE CENTERS CORP. 
