DDR puts more property on the block


DDR Corp. is offering a portfolio of 11 retail properties with 1.5M square feet in New York, Georgia, and Ohio, with an expected sale price in the area of $165M, or $112 per square foot. The broker is HFF (HF +0.9%).

The portfolio is set to generate $12.8M of cash flow this year, based on its 94.2% occupancy.

The properties serve as collateral for $129M of loans which were slated to mature in November, but look like they'll get paid off early.

Previously: DDR continues portfolio changes with $660M of deals in Q2

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