DDR Ddr Corp.

Developers Diversified Realty (NYSE:DDR), a Cleveland-based real estate investment trust (REIT), and leading owner and developer of open-air shopping centers, today announced appointments to the company's 2005 Management Training Class. All program participants have begun their first rotation in the 18-month program. -0- *T Joshua Bruff, graduate of Hamilton College. Hometown: Bloomfield, Connecticut. Cassandra Cosgrove, graduate of The Ohio State University. Hometown: Harrisburg, Pennsylvania. Marianne Robinson, graduate of Brown University. Hometown: Brookline, Massachusetts. Andrew Zidar, graduate of Colgate University. Hometown: Plantation, Florida. *T Developers Diversified launched its Management Training Program (the program) in 1999 to cultivate young talent into experienced commercial real estate leaders. "Our goal is to create an internal source of talent so we rely less on outside hires," said Daniel Hurwitz, Senior Executive Vice President and Chief Investment Officer at Developers Diversified, and one of the founders of the program. "We're developing well-rounded real estate professionals who will lead our company in the future." Mr. Hurwitz and David Jacobstein, Developers Diversified's President, Chief Operating Officer and program co-founder, designed the 18-month curriculum, which includes six-month rotations in the company's leasing, development and acquisitions and dispositions departments. Developers Diversified conducts extensive on-campus interviews at the nation's leading universities to find candidates for the program. "Qualified candidates possess a four-year degree, a keen interest in a career in the real estate industry, excellent communication and analytical skills and outstanding leadership abilities. We continue to be impressed with the exceptional talent level of those interested in joining our company. We view candidate interest as a high compliment to Developers Diversified and Northeast Ohio," said Mr. Jacobstein. To date, the program is accomplishing its intended goals. Graduates of the program have taken leadership positions with the company and are today serving as a Leasing Manager running the Company's Chicago office, Development Director in charge of land acquisitions for the eastern United States, Director of Leasing for Caribbean Properties, a 5 million square foot, $1.2 billion portfolio, New Business Development Manager directing the national ancillary income program, Development Director for the Eastern Region responsible for $150 million of new development projects and Development Director in charge of Expansions and Redevelopments, which includes 20 projects in 9 states. For additional information about the program, contact Developers Diversified's Human Resources Department at 216.755.5500. Developers Diversified Realty is the nation's leading owner, developer and manager of market-dominant community centers. Developers Diversified currently owns and manages over 470 operating and development properties totaling approximately 107 million square feet of real estate in 44 states and Puerto Rico. Developers Diversified is a self-administered and managed real estate investment trust (REIT) operating as a fully integrated real estate company which acquires, develops and manages shopping centers. Additional information about Developers Diversified is available on the Internet at http://www.ddr.com.