Blackstone (BX) and DDR Corp. (DDR) have formed a JV to acquire a portfolio of 46 shopping...

|About: The Blackstone Group L.P. (BX)|By:, SA News Editor

Blackstone (BX) and DDR Corp. (DDR) have formed a JV to acquire a portfolio of 46 shopping centers for $1.43B (including debt) from an affiliate of Elbit Imaging (EMITF). Blackstone will hold a 95% stake in the venture. DDR will start a public offering of 15M shares to help finance the investment.