Profile: DDR Corp (DDR.N)
24 Mar 2017
DDR Corp., incorporated on November 20, 1992, is a self-administered and self-managed real estate investment trust (REIT). The Company operates through two segments: shopping centers and loan investments. The Company is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. As of December 31, 2016, the Company owned and managed approximately 106 million total square feet of gross leasable area (GLA). As of December 31, 2016, the portfolio properties included 319 shopping centers (including 152 centers owned through joint ventures). As of December 31, 2016, the portfolio properties also included more than 650 acres of undeveloped land, including parcels located adjacent to certain of the shopping centers. As of December 31, 2016, the portfolio properties aggregated to 75.8 million square feet of Company-owned GLA (105.7 million square feet of total GLA) located in 35 states, plus Puerto Rico. These centers are in the Southeast and Midwest, with significant concentrations in Florida, Georgia, Ohio and North Carolina, as well as Puerto Rico. As of December 31, 2016, the 14 assets owned in Puerto Rico aggregated to 4.8 million square feet of Company-owned GLA (5.1 million square feet of total GLA). As of December 31, 2016, the Company also owned an interest in two land parcels in Canada.
The Company's properties include discounters, warehouse clubs, specialty grocers, pet supply stores, beauty supply retailers and dollar stores as additional anchors or tenants. As of December 31, 2016, the Company's shopping center properties included River Ridge, Valley Bend, Oxford Exchange, McFarland Plaza, Dimond Crossing, San Tan Marketplace, Arrowhead Crossing, Deer Valley Towne Center, Paradise Village Gateway, Silverado Plaza, Tucson Spectrum, Sherwood Retail Center, Hilltop Plaza, Eastland Center, Whittwood Town Center, Pioneer Hills, Centennial Promenade, Tamarac Shopping Center, Connecticut Commons, Windsor Court Shopping Center, Cortez Plaza, Lakewood Ranch Plaza, Northpoint Shopping Center, Market Square, The Forum, Homestead Pavilion, Bardmoor Promenade, Paradise Shoppes of Ellenwood, Barrett Pavilion, Newnan Crossing, Deshon Plaza, Kingsbury Center, Woodfield Village Green, Highland Grove Shopping Center, Shoppers World, Telegraph Plaza, Jefferson County Plaza, East Hanover Plaza, Nassau Park Pavilion, Carolina Pavilion, Mooresville Consumer Square, Sun Center, Uptown Solon, Southmont Plaza, White Oak Village and Winchester Station.
3300 Enterprise Pkwy
BEACHWOOD OH 44122-7200