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News Breaks | | | | January 3, 2013 | | 08:05 EDT |  | DDR | DDR Corp. acquires two prime power centers for $151M
DDR Corp. announced the acquisition of two prime power centers for $151M and the disposition of $255M of non-prime operating assets during the fourth quarter of 2012. For the full year 2012, the company closed $2.1B of acquisitions and disposed of $347M of non-prime operating assets. In addition, the company sold $61M of non-income producing assets during the quarter and $107M for the year. DDR issued $75M of common equity in the fourth quarter and $511M in 2012 to fund the net acquisition of market dominant power centers and to further reduce overall leverage. | |
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