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Developers Diversified Forms JV With Dividend Capital

Venture Makes Initial $161.5M Investment in Pennsylvania, North Carolina, New Jersey Shopping Centers
By Andrew C. Burr
April 27, 2007 | 3:22 P.M.

Developers Diversified (NYSE: DDR) is under contract to flip three shopping centers to a new joint venture it is forming with Denver-based Dividend Capital Total Realty Trust, for an expected price of $161.5 million.

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