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DLC Teams With DRA to Buy DDR's NY Retail Portfolio

$390 Million Trade Brought to You by the Letter "D" Involves 16 Shopping Centers Totaling 4.9 Million SF
By CoStar News Staff
October 11, 2016 | 4:21 P.M.

DLC Management Corp. pulled off the biggest acquisition in its 25-year history, buying a 16-property shopping center portfolio totaling 4.85 million square feet from DDR Corp. in a joint venture with New York-based investment manager DRA Advisors LLC for $390 million.

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