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TIAA-CREF Teams with DDR on Inland Retail Buy

Institutional Investor to Acquire 67 Community Shopping Centers in $3 Billion Joint Venture
By Jillian Ambroz
November 3, 2006 | 7:01 P.M.

Cleveland-based Developers Diversified Realty (NYSE:DDR) said it is bringing in TIAA-CREF Global Real Estate to be its joint venture partner on $6.2 billion acquisition of Inland Retail REIT. The venture will take title to 67 shopping centers with a total value of approximately $3 billion.

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