Blackstone, DDR Strike $332M Deal For Regency Malls

Law360, New York (August 14, 2013, 4:18 PM EDT) -- A unit of The Blackstone Group and DDR Corp. have teamed up to take a portfolio of seven malls from a Regency Centers Corp. fund in a deal worth $332 million, most of which is assumed debt, the companies announced Tuesday.

Blackstone Real Estate Partners VII LP and DDR will take over the properties by assuming $207 million of debt and placing $28 million of new mortgage debt on them, DDR said. Blackstone leads the venture with a 95 percent stake, with a DDR unit holding...
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