BEACHWOOD, Ohio, July 6 /PRNewswire-FirstCall/ -- Developers
Diversified Realty Corporation (NYSE: DDR) today announced
Mark Bratt will join the Company as
executive vice president & chief investment officer effective
July 12, 2010.
Developers Diversified president & chief executive officer,
Daniel B. Hurwitz, said, "Mark is an
accomplished real estate professional with extensive experience at
outstanding institutions. His vast knowledge of our business and
impressive reputation within the institutional capital market will
be a tremendous addition to our senior management team."
In this role Mr. Bratt will direct the company's continued
strategy of disposing of non-prime assets and selectively acquiring
properties that improve the Prime Portfolio. Mr. Bratt will be
responsible for initiating relationships with new institutional
capital partners, and will work to further advance relationships
with existing partners. Mr. Bratt will also serve on the company's
executive and investment committees.
Most recently Mr. Bratt served as executive director,
acquisitions and portfolio management for Morgan Stanley Real
Estate. Mr. Bratt's additional previous industry experience
included serving as principal, acquisitions for Lend Lease Real
Estate Investments; director of asset management for Amresco
Advisors; and vice president for Prentiss Properties.
Mr. Bratt earned a bachelor's degree in civil engineering from
the University of California, Berkley;
and an M.B.A. from the University of
California, Los Angeles.
About Developers Diversified Realty
Developers Diversified owns and manages approximately 640 retail
operating and development properties in 44 states, Brazil, Canada and Puerto
Rico. Totaling more than 140 million square feet, the
Company's shopping center portfolio features open-air,
value-oriented neighborhood and community centers, mixed-use
centers and lifestyle centers located in prime markets with stable
populations and high-growth potential. Developers Diversified is
the largest landlord in Puerto
Rico and owns a premier portfolio of regional malls in and
around Sao Paulo, Brazil.
Developers Diversified is a self-administered and self-managed REIT
operating as a fully integrated real estate company. Additional
information about the Company is available on the Company's website
at www.ddr.com.
SOURCE Developers Diversified Realty Corporation