DDR, Glimcher Complete Mall Property Swap

Law360, New York (December 8, 2011, 12:32 PM EST) -- DDR Corp. and Glimcher Realty Trust have completed an asset swap that saw DDR purchase a mall in Ohio from Glimcher for $80 million — and Glimcher buy a mall in Kansas from DDR for $139 million — the real estate investment trusts said Thursday.

DDR and Glimcher, both Ohio-based REITS that trade on the New York Stock Exchange, said the deal made sense from each business' strategic perspective.

When they announced the pending agreement in September, the trusts said the prices of the two properties...
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