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<item><link>http://www.alacrastore.com/storecontent/fitch/413828_report_frame</link><guid isPermaLink="false">fitch/413828_report_frame</guid><fitch:index_mode xmlns:fitch="http://www.alacra.com/fitch">pdf</fitch:index_mode><description>Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.</description><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Developers Diversified Realty Corporation</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">81962540</fitch:companyid><pubDate>11/13/2008 6:33:00 PM</pubDate><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01010210</fitch:industry><fitch:price xmlns:fitch="http://www.alacra.com/fitch">425</fitch:price><fitch:report xmlns:fitch="http://www.alacra.com/fitch">Full Rating Report</fitch:report><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">DDR</fitch:ticker><title>Developers Diversified Realty Corporation</title><fitch:docid xmlns:fitch="http://www.alacra.com/fitch">413828_report_frame</fitch:docid><category>Credit &amp; Investment Research</category><alacra:ip>Fitch Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/moodys/PR_167082_600013407</link><guid isPermaLink="false">moodys/PR_167082_600013407</guid><moodys:index_mode xmlns:moodys="http://www.alacra.com/moodys">html</moodys:index_mode><description>Global Credit Research Rating Action ## NOV ####   Rating Action: Developers Diversified Realty Corporation Moody's revises Developer Diversified's outlook to negative Approximately $# Billion in Securities Affected New York, November...</description><pubDate>11/12/2008 1:27:57 AM</pubDate><moodys:format xmlns:moodys="http://www.alacra.com/moodys">html</moodys:format><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Developers Diversified Realty Corporation</moodys:issuer><moodys:issuer_list xmlns:moodys="http://www.alacra.com/moodys">Developers Diversified Realty Corporation</moodys:issuer_list><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">600013407</moodys:org_id><moodys:price xmlns:moodys="http://www.alacra.com/moodys">150.0000</moodys:price><moodys:report_class xmlns:moodys="http://www.alacra.com/moodys">News</moodys:report_class><moodys:report_type xmlns:moodys="http://www.alacra.com/moodys">Rating Action</moodys:report_type><title>Moody's revises Developer Diversified's outlook to negative</title><moodys:docid xmlns:moodys="http://www.alacra.com/moodys">PR_167082_600013407</moodys:docid><category>Credit &amp; Investment Research</category><alacra:ip>Moody's Global Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/fitch/447573_pr_frame</link><guid isPermaLink="false">fitch/447573_pr_frame</guid><fitch:index_mode xmlns:fitch="http://www.alacra.com/fitch">html</fitch:index_mode><description>Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.</description><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Developers Diversified Realty Corporation</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">81962540</fitch:companyid><pubDate>11/5/2008 6:35:00 PM</pubDate><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01010210</fitch:industry><fitch:price xmlns:fitch="http://www.alacra.com/fitch">85</fitch:price><fitch:report xmlns:fitch="http://www.alacra.com/fitch">Press Release</fitch:report><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">DDR</fitch:ticker><title>Fitch Revises Developers Diversified Realty's Outlook to Negative; Affirms IDR at 'BBB'</title><fitch:docid xmlns:fitch="http://www.alacra.com/fitch">447573_pr_frame</fitch:docid><category>Credit &amp; Investment Research</category><alacra:ip>Fitch Research</alacra:ip></item><item><title>Undisclosed JV Partner acquires Developers Diversified Rlty- from Developers Diversified Realty (pending)</title><description>US - Developers Diversified Realty Corp, a real estate investment trust, planned to divest its thirteen properties, to an undisclosed joint venture, for $### mil.</description><pubDate>10/25/2008 11:37:14 AM</pubDate><sdc:company_cusip xmlns:sdc="http://www.alacra.com/sdc">904JVP</sdc:company_cusip><sdc:target_company_cusip xmlns:sdc="http://www.alacra.com/sdc">25132M</sdc:target_company_cusip><sdc:company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">904JVP</sdc:company_cusip_up><sdc:target_company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">251591</sdc:target_company_cusip_up><sdc:company xmlns:sdc="http://www.alacra.com/sdc">Undisclosed Joint Venture Partner</sdc:company><sdc:target_company xmlns:sdc="http://www.alacra.com/sdc">Developers Diversified Realty Corp-Properties(13)</sdc:target_company><sdc:company_up xmlns:sdc="http://www.alacra.com/sdc">Undisclosed Joint Venture Partner</sdc:company_up><sdc:target_company_up xmlns:sdc="http://www.alacra.com/sdc">Developers Diversified Realty Corp</sdc:target_company_up><link>http://www.alacrastore.com/storecontent/Thomson_M%26A/Undisclosed_JV_Partner_acquires_Developers_Diversified_Rlty_from_Developers_Diversified_Realty-2022151020</link><guid isPermaLink="false">sdc/2022151020</guid><sdc:deal xmlns:sdc="http://www.alacra.com/sdc"><sdc:deal_no>2022151020</sdc:deal_no><sdc:_copyright><sdc:value>Copyright Â© 2008, Thomson Financial, All Rights Reserved</sdc:value></sdc:_copyright><sdc:a_MAINDUSTRY><sdc:value>Investment &amp; Commodity Firms,Dealers,Exchanges</sdc:value></sdc:a_MAINDUSTRY><sdc:a_NATION><sdc:value>Unknown</sdc:value></sdc:a_NATION><sdc:a_SICDESC><sdc:value>Investors, 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company</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value>Investment company</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>Investment company</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value></sdc:h_SEQ><sdc:h_TEST><sdc:value sdc:p="0">The thirteen properties of</sdc:value><sdc:value sdc:p="1">Developers Diversified Realty</sdc:value><sdc:value sdc:p="2">Corp were comprised of 5.9</sdc:value><sdc:value sdc:p="3">million-square foot portfolio.</sdc:value></sdc:h_TEST><sdc:h_business><sdc:value sdc:p="0">The thirteen properties of Developers Diversified Realty</sdc:value><sdc:value sdc:p="1">Corp were comprised of 5.9 million-square foot portfolio.</sdc:value></sdc:h_business><sdc:h_business1><sdc:value>The thirteen properties of Developers Diversified Realty Corp were comprised of 5.9 million-square foot 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positioned to comfortably navigate the challenging environment and emerge from it even stronger. ...

</description><pubDate>10/24/2008 2:07:00 PM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">Developers Diversified  Realty Co.</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Edited</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Developers Diversified  Realty Co. Q3 2008 Earnings Conference Call Summary</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">DDR</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">10:00am ET</ccbn:time><title>Developers Diversified  Realty Co. Q3 2008 Earnings Conference Call Summary</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Brief</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">B1934700</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T1934700</link><guid isPermaLink="false">ccbn/T1934700</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><description>...Good day and welcome, ladies and gentlemen, to the third quarter #### Developers Diversified Realty earnings conference call. (OPERATOR INSTRUCTIONS) I would now like to turn the call over to your host for today's call, Ms. Michelle Dawson, Vice President of Investor Relations. Ma'am, you may proceed. ...

</description><pubDate>10/24/2008 12:08:00 PM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">Developers Diversified  Realty Co.</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Developers Diversified  Realty Co. Q3 2008 Earnings Conference Call Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">DDR</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">10:00am ET</ccbn:time><title>Developers Diversified  Realty Co. Q3 2008 Earnings Conference Call Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T1934700</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/spcred/678630</link><guid isPermaLink="false">spcred/678630</guid><spcred:index_mode xmlns:spcred="http://www.alacra.com/spcred">norm</spcred:index_mode><description>The latest News from S&amp;P</description><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">global</spcred:dataset><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">structured</spcred:dataset><pubDate>10/23/2008 6:28:00 PM</pubDate><spcred:price xmlns:spcred="http://www.alacra.com/spcred">100</spcred:price><title>Developers Diversified Realty Corporate Credit, Debt Rtgs Lowered; Outlook Revised To Negative</title><spcred:type xmlns:spcred="http://www.alacra.com/spcred">News</spcred:type><spcred:docid xmlns:spcred="http://www.alacra.com/spcred">678630</spcred:docid><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">United States</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Retail REIT's</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">United States</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Structured Finance</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Corporations</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Real Estate Companies</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">News</spcred:index_entry_disptype><spcred:index_entry_excerpt xmlns:spcred="http://www.alacra.com/spcred">NEW YORK (Standard&amp;Poor's) Oct. 23, 2008--Standard&amp;Poor's Ratings Services today lowered its corporate credit and senior unsecured debt ratings on Developers Diversified Realty Corp. (DDR) to 'BBB-' from 'BBB'. At the same time, we lowered our rating on the company's preferred stock to 'BB' from 'BB+'. In addition, we revised the outlook to negative from stable (see list). "The downgrades and outlook revision reflect DDR's above-average leverage, low debt service coverage, and its high credit line usage, which limits the company's financial flexibility given the weak and uncertain macroeconomic environment," said Standard&amp;Poor's credit analyst Elizabeth Campbell. "We expect debt coverage measures to remain under pressure, as a weakening retail environment may erode DDR's currently sound</spcred:index_entry_excerpt><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">USA</spcred:index_entry_primcountry><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">25159N</spcred:index_entry_primcusip><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">233168</spcred:index_entry_primcusip><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">251591</spcred:index_entry_primcusip><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">25159P</spcred:index_entry_primcusip><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">40402060 404020 4040 40</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">Developers Diversified Realty Corp.</spcred:index_entry_primissuer><spcred:index_entry_primissuerid xmlns:spcred="http://www.alacra.com/spcred">129392</spcred:index_entry_primissuerid><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">USA</spcred:index_entry_primreg><spcred:index_entry_primticker xmlns:spcred="http://www.alacra.com/spcred">DDR</spcred:index_entry_primticker><spcred:index_entry_reporttype xmlns:spcred="http://www.alacra.com/spcred">NEWS</spcred:index_entry_reporttype><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">GLOBISS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">STRUC</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">CORP</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">REC</spcred:index_entry_sector><category>Credit &amp; Investment Research</category><alacra:ip>S&amp;P Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/spcred/678631</link><guid isPermaLink="false">spcred/678631</guid><spcred:index_mode xmlns:spcred="http://www.alacra.com/spcred">norm</spcred:index_mode><description>The latest Research Update from S&amp;P</description><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">global</spcred:dataset><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">structured</spcred:dataset><pubDate>10/23/2008 6:28:00 PM</pubDate><spcred:price xmlns:spcred="http://www.alacra.com/spcred">175</spcred:price><title>Research Update: Developers Diversified Realty Corporate Credit, Debt Ratings Lowered; Outlook Revised To Neg</title><spcred:type xmlns:spcred="http://www.alacra.com/spcred">Research Update</spcred:type><spcred:docid xmlns:spcred="http://www.alacra.com/spcred">678631</spcred:docid><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">United States</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Retail REIT's</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">United States</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Structured Finance</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Corporations</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Real Estate Companies</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">Research Update</spcred:index_entry_disptype><spcred:index_entry_excerpt xmlns:spcred="http://www.alacra.com/spcred">On Oct. 23, 2008, Standard&amp;Poor's Ratings Services lowered its corporate credit and senior unsecured debt ratings on Developers Diversified Realty Corp. (DDR) to 'BBB-' from 'BBB'. At the same time, we lowered our rating on the company's preferred stock to 'BB' from 'BB+'. In addition, we revised the outlook to negative from stable (see list). The downgrades and outlook revision reflect DDR's above-average leverage, low debt service coverage, and its high credit line usage, which limits the company's financial flexibility given the weak and uncertain macroeconomic environment. We expect debt coverage measures to remain under pressure, as a weakening retail environment may erode DDR's currently sound core operating fundamentals, and above-average debt maturities over the next few years</spcred:index_entry_excerpt><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">USA</spcred:index_entry_primcountry><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">25159N</spcred:index_entry_primcusip><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">233168</spcred:index_entry_primcusip><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">251591</spcred:index_entry_primcusip><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">25159P</spcred:index_entry_primcusip><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">40402060 404020 4040 40</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">Developers Diversified Realty Corp.</spcred:index_entry_primissuer><spcred:index_entry_primissuerid xmlns:spcred="http://www.alacra.com/spcred">129392</spcred:index_entry_primissuerid><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">USA</spcred:index_entry_primreg><spcred:index_entry_primticker xmlns:spcred="http://www.alacra.com/spcred">DDR</spcred:index_entry_primticker><spcred:index_entry_reporttype xmlns:spcred="http://www.alacra.com/spcred">RESUPD</spcred:index_entry_reporttype><spcred:index_entry_seccountry xmlns:spcred="http://www.alacra.com/spcred">USA</spcred:index_entry_seccountry><spcred:index_entry_seccusip xmlns:spcred="http://www.alacra.com/spcred">465917</spcred:index_entry_seccusip><spcred:index_entry_seccusip xmlns:spcred="http://www.alacra.com/spcred">46612L</spcred:index_entry_seccusip><spcred:index_entry_secgics xmlns:spcred="http://www.alacra.com/spcred">40402060 404020 4040 40</spcred:index_entry_secgics><spcred:index_entry_secissuer xmlns:spcred="http://www.alacra.com/spcred">JDN Realty Corp.</spcred:index_entry_secissuer><spcred:index_entry_secissuerid xmlns:spcred="http://www.alacra.com/spcred">316260</spcred:index_entry_secissuerid><spcred:index_entry_secreg xmlns:spcred="http://www.alacra.com/spcred">USA</spcred:index_entry_secreg><spcred:index_entry_secticker xmlns:spcred="http://www.alacra.com/spcred">JDN</spcred:index_entry_secticker><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">GLOBISS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">STRUC</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">CORP</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">REC</spcred:index_entry_sector><category>Credit &amp; Investment Research</category><alacra:ip>S&amp;P Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/fitch/411286_report_frame</link><guid isPermaLink="false">fitch/411286_report_frame</guid><fitch:index_mode xmlns:fitch="http://www.alacra.com/fitch">pdf</fitch:index_mode><description>Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.</description><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Apartment Investment &amp; Management Co</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">The Rouse Company LP</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">iStar Financial Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">BRE Properties, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Duke Realty Limited Partnership</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Nationwide Health Properties, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">GGP Limited Partnership</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Simon Property Group, L.P.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">General Growth Properties, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Brandywine Realty Trust</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Host Hotels &amp; Resorts Inc</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">HCP, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Cathay No.2 Real Estate Investment Trust</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Brookfield Asset Management Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Aimco Properties L. P.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Liberty Property Limited Partnership</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Boston Properties Limited Partnership</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Health Care REIT, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Sovran Acquisition Limited Partnership</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Highwoods Properties, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Sovran Self Storage, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Mack-Cali Realty, L.P.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">ProLogis</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Brandywine Operating Partnership, L.P.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Parkway Life REIT</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Colonial Properties Trust</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">PS Business Parks, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">AMB Property Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Ventas, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Reckson Operating Partnership, L.P.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Boston Properties, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Mack-Cali Realty Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Regency Centers Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">EastGroup Properties</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">National Retail Properties, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Camden Summit Partnership LP</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Thornburg Mortgage Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Public Storage, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Simon Property Group, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">PS Business Parks LP</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Equity Residential Properties Trust</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Home Properties Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Healthcare Realty Trust Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Centro NP LLC</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">ERP Operating Limited Partnership</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Highwoods Realty Limited Partnership</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">AMB Property, L.P.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Colonial Realty Limited Partnership</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Developers Diversified Realty Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Vornado Realty Trust</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Realty Income Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Host Hotels &amp; Resorts, L.P.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Westfield Group</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Duke Realty Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Camden Property Trust</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Regency Centers, L.P.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">First Industrial, L.P.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Liberty Property Trust</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Shurgard Storage Centers, Inc.</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80411768</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80091836</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">81943719</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80090603</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80091822</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">82185231</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">81962540</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80091832</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80908478</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80091828</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80090153</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80091808</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80091811</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80090523</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80089347</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80091809</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80090602</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80091825</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">81951519</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">81649915</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">81945745</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">86679523</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">81903547</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80090300</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80091835</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80090522</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80092085</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80091831</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80992877</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80090078</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80092112</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">81954939</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">84327087</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80091815</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80089924</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80091827</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80089444</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80091810</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">81952579</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">83918073</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">83918066</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80357590</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80089905</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">82150154</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">81953519</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">81223487</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">83772866</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">81970521</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80089493</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80091816</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80091834</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">84819471</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">83497866</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80089383</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">1010000692</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80091824</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80681518</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80090077</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80814402</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80091814</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80090511</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80410620</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">81939522</fitch:companyid><pubDate>10/23/2008 10:15:00 AM</pubDate><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01000000</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01020900</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01010210</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01040000</fitch:industry><fitch:price xmlns:fitch="http://www.alacra.com/fitch">275</fitch:price><fitch:report xmlns:fitch="http://www.alacra.com/fitch">Newsletter</fitch:report><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">SPG</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">CLI</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">HME</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">WDC</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">01007T</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">LRY</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">HCP</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">DDR</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">EQR</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">VNO</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">HIW</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">NHP</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">AMB</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">O</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">BDN</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">SSS</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">CLP</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">PLD</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">PSA</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">HST</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">BRE</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">TMA</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">C2PU</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">SFI</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">VTR</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">HR</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">BXP</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">CPT</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">REG</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">PSB</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">HCN</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">DRE</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">GGP</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">EGP</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">BAM.A</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">NNN</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">AIV</fitch:ticker><title>Fitch REIT Report Quarterly</title><fitch:docid xmlns:fitch="http://www.alacra.com/fitch">411286_report_frame</fitch:docid><category>Credit &amp; Investment Research</category><alacra:ip>Fitch Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/fitch/395688_report_frame</link><guid isPermaLink="false">fitch/395688_report_frame</guid><fitch:index_mode xmlns:fitch="http://www.alacra.com/fitch">pdf</fitch:index_mode><description>Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.</description><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Aimco Properties L. P.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">AMB Property Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">AMB Property, L.P.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Apartment Investment &amp; Management Co</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Boston Properties Limited Partnership</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Boston Properties, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Brandywine Operating Partnership, L.P.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Brandywine Realty Trust</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">BRE Properties, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Brookfield Asset Management Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Camden Property Trust</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Camden Summit Partnership LP</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Centro NP LLC</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Colonial Properties Trust</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Colonial Realty Limited Partnership</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Developers Diversified Realty Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Duke Realty Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Duke Realty Limited Partnership</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">EastGroup Properties</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Equity Residential Properties Trust</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">ERP Operating Limited Partnership</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">First Industrial Realty Trust, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">First Industrial, L.P.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">General Growth Properties, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">GGP Limited Partnership</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">HCP, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Health Care REIT, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Healthcare Realty Trust Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Highwoods Properties, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Highwoods Realty Limited Partnership</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Home 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xmlns:fitch="http://www.alacra.com/fitch">SFI</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">SPG</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">SSS</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">TMA</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">UBA</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">VNO</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">VTR</fitch:ticker><title>Fitch REIT Report Quarterly</title><fitch:docid xmlns:fitch="http://www.alacra.com/fitch">395688_report_frame</fitch:docid><category>Credit &amp; Investment Research</category><alacra:ip>Fitch Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/B1864386</link><guid isPermaLink="false">ccbn/B1864386</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><description>...Pressure on consumers' disposable income from the precipitate increase in energy costs is resulted in: ...

</description><pubDate>7/25/2008 3:07:00 PM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">Developers Diversified  Realty Co.</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Edited</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Developers Diversified  Realty Co. Q2 2008 Earnings Conference Call Summary</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">DDR</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">10:00am ET</ccbn:time><title>Developers Diversified  Realty Co. Q2 2008 Earnings Conference Call Summary</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Brief</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">B1864386</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T1864386</link><guid isPermaLink="false">ccbn/T1864386</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><description>...Good day, ladies and gentlemen and welcome to the Developers Diversified second quarter earnings conference call. My name is Towanda, and I will be your coordinator for today. At this time, all participants are in listen-only mode. We will facilitate a question-and-answer session towards the end of this conference. (OPERATOR INSTRUCTIONS). As a reminder, this conference is being recorded for replay purposes. I would now like to turn the call over to Ms. Michelle Dawson. You may proceed, ma'am. ...

</description><pubDate>7/25/2008 12:07:00 PM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">Developers Diversified  Realty Co.</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Developers Diversified  Realty Co. Q2 2008 Earnings Conference Call Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">DDR</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">10:00am ET</ccbn:time><title>Developers Diversified  Realty Co. Q2 2008 Earnings Conference Call Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T1864386</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/spcred/660273</link><guid isPermaLink="false">spcred/660273</guid><spcred:index_mode xmlns:spcred="http://www.alacra.com/spcred">norm</spcred:index_mode><description>The latest Summary from S&amp;P</description><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">global</spcred:dataset><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">structured</spcred:dataset><pubDate>7/17/2008 6:35:28 PM</pubDate><spcred:price xmlns:spcred="http://www.alacra.com/spcred">175</spcred:price><title>Summary: Developers Diversified Realty Corp.</title><spcred:type xmlns:spcred="http://www.alacra.com/spcred">Summary</spcred:type><spcred:docid xmlns:spcred="http://www.alacra.com/spcred">660273</spcred:docid><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">United States</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Retail REIT's</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">United States</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Structured Finance</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Corporations</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Real Estate Companies</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">Summary</spcred:index_entry_disptype><spcred:index_entry_excerpt xmlns:spcred="http://www.alacra.com/spcred">The ratings on Developers Diversified Realty Corp. (DDR) acknowledge stable cash flow from the company's well-leased community shopping center portfolio, despite our expectation that consumer spending will slow in the coming quarters. Earnings from DDR's comparatively young, good-quality property portfolio remain supported by the longer average lease terms of the big-box retailers that anchor most of its centers. However, offsetting these strengths are the company's more highly leveraged financial profile, low debt service coverage measures, and an opportunistic strategy that has historically included sizable acquisitions, development, and expansion into select emerging international markets. Beachwood, Ohio-based DDR is an S&amp;P 500 company with an $11.6 billion market capitalization (rated securities include $2.5 billion of unsecured debt and $555 million of preferred</spcred:index_entry_excerpt><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">USA</spcred:index_entry_primcountry><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">25159N</spcred:index_entry_primcusip><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">233168</spcred:index_entry_primcusip><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">251591</spcred:index_entry_primcusip><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">25159P</spcred:index_entry_primcusip><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">40402060 404020 4040 40</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">Developers Diversified Realty Corp.</spcred:index_entry_primissuer><spcred:index_entry_primissuerid xmlns:spcred="http://www.alacra.com/spcred">129392</spcred:index_entry_primissuerid><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">USA</spcred:index_entry_primreg><spcred:index_entry_primticker xmlns:spcred="http://www.alacra.com/spcred">DDR</spcred:index_entry_primticker><spcred:index_entry_reporttype xmlns:spcred="http://www.alacra.com/spcred">SUMMARY</spcred:index_entry_reporttype><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">GLOBISS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">STRUC</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">CORP</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">REC</spcred:index_entry_sector><category>Credit &amp; Investment Research</category><alacra:ip>S&amp;P Credit Research</alacra:ip></item><item><title>Developers Diversified Realty acquires a minority stake in RO &amp; SW Realty LLC</title><description>US - Developers Diversified Realty Corp acquired a ##.##% stake in RO &amp; SW Realty LLC, a real estate investment trust, from Wolstein Business Enterprises LP, for $## mil in cash.</description><pubDate>7/17/2008 1:04:51 PM</pubDate><sdc:company_cusip xmlns:sdc="http://www.alacra.com/sdc">251591</sdc:company_cusip><sdc:target_company_cusip xmlns:sdc="http://www.alacra.com/sdc">75537H</sdc:target_company_cusip><sdc:company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">251591</sdc:company_cusip_up><sdc:target_company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">75537H</sdc:target_company_cusip_up><sdc:company xmlns:sdc="http://www.alacra.com/sdc">Developers Diversified Realty Corp</sdc:company><sdc:target_company xmlns:sdc="http://www.alacra.com/sdc">RO &amp; SW Realty LLC</sdc:target_company><sdc:company_up xmlns:sdc="http://www.alacra.com/sdc">Developers Diversified Realty Corp</sdc:company_up><sdc:target_company_up xmlns:sdc="http://www.alacra.com/sdc">RO &amp; SW Realty LLC</sdc:target_company_up><link>http://www.alacrastore.com/storecontent/Thomson_M%26A/Developers_Diversified_Realty_acquires_a_minority_stake_in_RO_SW_Realty_LLC-1996099020</link><guid isPermaLink="false">sdc/1996099020</guid><sdc:deal xmlns:sdc="http://www.alacra.com/sdc"><sdc:deal_no>1996099020</sdc:deal_no><sdc:_copyright><sdc:value>Copyright Â© 2008, Thomson Financial, All Rights Reserved</sdc:value></sdc:_copyright><sdc:a_EXCHANGE><sdc:value>New York</sdc:value></sdc:a_EXCHANGE><sdc:a_MAINDUSTRY><sdc:value>Investment &amp; Commodity Firms,Dealers,Exchanges</sdc:value></sdc:a_MAINDUSTRY><sdc:a_NATION><sdc:value>United States</sdc:value></sdc:a_NATION><sdc:a_SICDESC><sdc:value>Real estate investment trusts</sdc:value></sdc:a_SICDESC><sdc:a_SICPI><sdc:value>6798</sdc:value></sdc:a_SICPI><sdc:a_STATE><sdc:value>OH</sdc:value></sdc:a_STATE><sdc:a_STATELONG><sdc:value>Ohio</sdc:value></sdc:a_STATELONG><sdc:a_STATUS><sdc:value>Public</sdc:value></sdc:a_STATUS><sdc:a_TICKER><sdc:value>DDR</sdc:value></sdc:a_TICKER><sdc:asic_SIC><sdc:value sdc:p="0">6531:Real estate agents and managers</sdc:value><sdc:value sdc:p="1">6552:Land subdividers and developers, except cemeteries</sdc:value><sdc:value sdc:p="2">6798:Real estate investment trusts</sdc:value></sdc:asic_SIC><sdc:aupsic_SIC><sdc:value sdc:p="0">6531:Real estate agents and managers</sdc:value><sdc:value sdc:p="1">6552:Land subdividers and developers, except cemeteries</sdc:value><sdc:value sdc:p="2">6798:Real estate investment trusts</sdc:value></sdc:aupsic_SIC><sdc:b_MAINDUSTRY><sdc:value>Investment &amp; Commodity Firms,Dealers,Exchanges</sdc:value></sdc:b_MAINDUSTRY><sdc:b_NATION><sdc:value>United States</sdc:value></sdc:b_NATION><sdc:b_SICDESC><sdc:value>Real estate investment trusts</sdc:value></sdc:b_SICDESC><sdc:b_SICPI><sdc:value>6798</sdc:value></sdc:b_SICPI><sdc:b_STATE><sdc:value>DE</sdc:value></sdc:b_STATE><sdc:b_STATELONG><sdc:value>Delaware</sdc:value></sdc:b_STATELONG><sdc:b_STATUS><sdc:value>Private</sdc:value></sdc:b_STATUS><sdc:c_ACIDGEN><sdc:value>218666001</sdc:value></sdc:c_ACIDGEN><sdc:c2up_BUSS><sdc:value>Reit</sdc:value></sdc:c2up_BUSS><sdc:c3up_BUSS><sdc:value>Reit</sdc:value></sdc:c3up_BUSS><sdc:co_DESCR><sdc:value sdc:p="0">Cash</sdc:value><sdc:value sdc:p="1">Cash Only</sdc:value></sdc:co_DESCR><sdc:cs_DESCR><sdc:value>Stock</sdc:value></sdc:cs_DESCR><sdc:d_TCIDGEN><sdc:value>1029008001</sdc:value></sdc:d_TCIDGEN><sdc:date_lastupdate><sdc:value>Jul 17 2008</sdc:value></sdc:date_lastupdate><sdc:finbltm_BV><sdc:value>0.00000</sdc:value></sdc:finbltm_BV><sdc:finbltm_CASH><sdc:value>0.00000</sdc:value></sdc:finbltm_CASH><sdc:finbltm_CASHFLOW><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW><sdc:finbltm_CASHFLOW1><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW1><sdc:finbltm_CASHFLOW2><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW2><sdc:finbltm_CASHFLOW3><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW3><sdc:finbltm_CASHFLOW4><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW4><sdc:finbltm_CASHFLOW5><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW5><sdc:finbltm_COMEQ><sdc:value>0.00000</sdc:value></sdc:finbltm_COMEQ><sdc:finbltm_DEBTRAT><sdc:value>0.00000</sdc:value></sdc:finbltm_DEBTRAT><sdc:finbltm_DSER2><sdc:value>0.00000</sdc:value></sdc:finbltm_DSER2><sdc:finbltm_EBIT><sdc:value>0.00000</sdc:value></sdc:finbltm_EBIT><sdc:finbltm_EPS><sdc:value>0.00000</sdc:value></sdc:finbltm_EPS><sdc:finbltm_NI><sdc:value>0.00000</sdc:value></sdc:finbltm_NI><sdc:finbltm_PTINC><sdc:value>0.00000</sdc:value></sdc:finbltm_PTINC><sdc:finbltm_SALES><sdc:value>0.00000</sdc:value></sdc:finbltm_SALES><sdc:finbltm_STDEBT><sdc:value>0.00000</sdc:value></sdc:finbltm_STDEBT><sdc:finbltm_TASS><sdc:value>0.00000</sdc:value></sdc:finbltm_TASS><sdc:fiscal_ACURR_CODE><sdc:value>US</sdc:value></sdc:fiscal_ACURR_CODE><sdc:fiscal_ADATEFIN><sdc:value>31 Mar 08</sdc:value></sdc:fiscal_ADATEFIN><sdc:fiscal_ADCR><sdc:value>0.00000</sdc:value></sdc:fiscal_ADCR><sdc:fiscal_AEPS><sdc:value>1.59000</sdc:value></sdc:fiscal_AEPS><sdc:fiscal_ANI><sdc:value>239.73400</sdc:value></sdc:fiscal_ANI><sdc:fiscal_APFDCR><sdc:value>0.00000</sdc:value></sdc:fiscal_APFDCR><sdc:fiscal_ASALES><sdc:value>956.36800</sdc:value></sdc:fiscal_ASALES><sdc:fiscal_ATASS><sdc:value>9153.74300</sdc:value></sdc:fiscal_ATASS><sdc:fiscal_CURRENCYLONG><sdc:value>U.S. Dollar</sdc:value></sdc:fiscal_CURRENCYLONG><sdc:fiscal_RATE><sdc:value>0.00000</sdc:value></sdc:fiscal_RATE><sdc:g_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value></sdc:g_SEQ><sdc:g_TEST><sdc:value sdc:p="0">Developers Diversified Realty</sdc:value><sdc:value sdc:p="1">Corp is a real estate</sdc:value><sdc:value sdc:p="2">investment trust,</sdc:value><sdc:value sdc:p="3">headquartered in Beachwood,</sdc:value><sdc:value sdc:p="4">Ohio. The company acquires,</sdc:value><sdc:value sdc:p="5">develops, renovates, leases,</sdc:value><sdc:value sdc:p="6">and manages retail and office</sdc:value><sdc:value sdc:p="7">properties. The company was</sdc:value><sdc:value sdc:p="8">founded in 1965.</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value sdc:p="0">Developers Diversified Realty Corp is a real estate</sdc:value><sdc:value sdc:p="1">investment trust, headquartered in Beachwood, Ohio. The</sdc:value><sdc:value sdc:p="2">company acquires, develops, renovates, leases, and manages</sdc:value><sdc:value sdc:p="3">retail and office properties. The company was founded in</sdc:value><sdc:value sdc:p="4">1965.</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>Developers Diversified Realty Corp is a real estate investment trust, headquartered in Beachwood, Ohio. The company acquires, develops, renovates, leases, and manages retail and office properties. The company was founded in 1965.</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value></sdc:h_SEQ><sdc:h_TEST><sdc:value sdc:p="0">RO &amp; SW Realty LLC is a real</sdc:value><sdc:value sdc:p="1">estate investment trust.</sdc:value></sdc:h_TEST><sdc:h_business><sdc:value>RO &amp; SW Realty LLC is a real estate investment trust.</sdc:value></sdc:h_business><sdc:h_business1><sdc:value>RO &amp; SW Realty LLC is a real estate investment trust.</sdc:value></sdc:h_business1><sdc:i_AFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_AFEEPCT><sdc:i_AFEETOT><sdc:value>0.00000</sdc:value></sdc:i_AFEETOT><sdc:i_ATERMFEE><sdc:value>0.00000</sdc:value></sdc:i_ATERMFEE><sdc:i_COMOUT><sdc:value>0.00000</sdc:value></sdc:i_COMOUT><sdc:i_CROSS1><sdc:value>N</sdc:value></sdc:i_CROSS1><sdc:i_CURRENCYLONG><sdc:value>U.S. Dollar</sdc:value></sdc:i_CURRENCYLONG><sdc:i_DATEANN><sdc:value>15 Jul 08</sdc:value></sdc:i_DATEANN><sdc:i_DATEANN2><sdc:value>Tue, 15 Jul 2008 00:00:00 EST</sdc:value></sdc:i_DATEANN2><sdc:i_DATEANNS><sdc:value>Date Announced: 07/15/2008</sdc:value></sdc:i_DATEANNS><sdc:i_DATEEFF><sdc:value>15 Jul 08</sdc:value></sdc:i_DATEEFF><sdc:i_DATEEFFS><sdc:value>Date Effective: 07/15/2008</sdc:value></sdc:i_DATEEFFS><sdc:i_DATEUNCON><sdc:value>15 Jul 08</sdc:value></sdc:i_DATEUNCON><sdc:i_DESCR><sdc:value>Acq. 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Dollar</sdc:value></sdc:i_HOST_RANKVAL><sdc:i_HOST_RANKVAL1><sdc:value>10.00000</sdc:value></sdc:i_HOST_RANKVAL1><sdc:i_PCTACQ><sdc:value>25.25000</sdc:value></sdc:i_PCTACQ><sdc:i_PCTOWN><sdc:value>25.25000</sdc:value></sdc:i_PCTOWN><sdc:i_PR><sdc:value>0.00000</sdc:value></sdc:i_PR><sdc:i_PR_INITIAL><sdc:value>0.00000</sdc:value></sdc:i_PR_INITIAL><sdc:i_RANKVAL><sdc:value>10.00000</sdc:value></sdc:i_RANKVAL><sdc:i_RANK_HOSTRANKVAL><sdc:value>10 U.S. 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sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value></sdc:n_SEQ><sdc:n_SYNOPSIS><sdc:value sdc:p="0">US - Developers Diversified</sdc:value><sdc:value sdc:p="1">Realty Corp acquired a 25.25%</sdc:value><sdc:value sdc:p="2">stake in RO &amp; SW Realty LLC, a</sdc:value><sdc:value sdc:p="3">real estate investment trust,</sdc:value><sdc:value sdc:p="4">from Wolstein Business</sdc:value><sdc:value sdc:p="5">Enterprises LP, for $10 mil in</sdc:value><sdc:value sdc:p="6">cash.</sdc:value></sdc:n_SYNOPSIS><sdc:n_synopsis2><sdc:value>US - Developers Diversified Realty Corp acquired a 25.25% stake in RO &amp; SW Realty LLC, a real estate investment trust, from Wolstein Business Enterprises LP, for $10 mil in cash.</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">US - Developers Diversified Realty Corp acquired a 25.25% stake in RO &amp; SW Realty LLC, a</sdc:value><sdc:value sdc:p="1">real estate investment trust, from Wolstein Business Enterprises LP, for $10 mil in cash.</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value>US - Developers Diversified Realty Corp acquired a 25.25% stake in RO &amp; SW Realty LLC, a real estate investment trust, from Wolstein Business Enterprises LP, for $10 mil in cash.</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">US - Developers Diversified Realty Corp acquired a 25.25% stake in RO &amp; SW Realty LLC, a real estate investment trust, from Wolstein</sdc:value><sdc:value sdc:p="1">Business Enterprises LP, for $10 mil in cash.</sdc:value></sdc:n_synopsis5><sdc:q_DESCR><sdc:value>Completed</sdc:value></sdc:q_DESCR><sdc:q_HOSTANETASS><sdc:value>3072.50100</sdc:value></sdc:q_HOSTANETASS><sdc:q_HOSTANILTM><sdc:value>239.73400</sdc:value></sdc:q_HOSTANILTM><sdc:q_HOSTASALESLTM><sdc:value>956.36800</sdc:value></sdc:q_HOSTASALESLTM><sdc:q_HOSTATASS><sdc:value>9153.74300</sdc:value></sdc:q_HOSTATASS><sdc:q_HOSTBOOKVALUE><sdc:value>0.00000</sdc:value></sdc:q_HOSTBOOKVALUE><sdc:q_HOSTCASHFLOW><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW><sdc:q_HOSTCASHFLOW1><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW1><sdc:q_HOSTCASHFLOW2><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW2><sdc:q_HOSTCASHFLOW3><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW3><sdc:q_HOSTCASHFLOW4><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW4><sdc:q_HOSTCASHFLOW5><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW5><sdc:q_HOSTCOMMONEQUITY><sdc:value>0.00000</sdc:value></sdc:q_HOSTCOMMONEQUITY><sdc:q_HOSTEBITLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEBITLTM><sdc:q_HOSTEPS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS1><sdc:q_HOSTEPS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS2><sdc:q_HOSTEPS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS3><sdc:q_HOSTEPS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS4><sdc:q_HOSTEPS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS5><sdc:q_HOSTEPSLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPSLTM><sdc:q_HOSTNETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS><sdc:q_HOSTNETASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS1><sdc:q_HOSTNETASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS2><sdc:q_HOSTNETASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS3><sdc:q_HOSTNETASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS4><sdc:q_HOSTNETASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS5><sdc:q_HOSTNI1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI1><sdc:q_HOSTNI2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI2><sdc:q_HOSTNI3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI3><sdc:q_HOSTNI4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI4><sdc:q_HOSTNI5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI5><sdc:q_HOSTNILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTNILTM><sdc:q_HOSTPTINC1><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC1><sdc:q_HOSTPTINC2><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC2><sdc:q_HOSTPTINC3><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC3><sdc:q_HOSTPTINC4><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC4><sdc:q_HOSTPTINC5><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC5><sdc:q_HOSTPTINCLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINCLTM><sdc:q_HOSTSALES1><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES1><sdc:q_HOSTSALES2><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES2><sdc:q_HOSTSALES3><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES3><sdc:q_HOSTSALES4><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES4><sdc:q_HOSTSALES5><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES5><sdc:q_HOSTSALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALESLTM><sdc:q_HOSTTASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS><sdc:q_HOSTTASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS1><sdc:q_HOSTTASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS2><sdc:q_HOSTTASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS3><sdc:q_HOSTTASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS4><sdc:q_HOSTTASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS5><sdc:q_STATUS><sdc:value>Status:Completed</sdc:value></sdc:q_STATUS><sdc:r_PE><sdc:value>-999.00000</sdc:value></sdc:r_PE><sdc:r_PE_PRINT><sdc:value>np</sdc:value></sdc:r_PE_PRINT><sdc:r_PFTMARG><sdc:value>0.00000</sdc:value></sdc:r_PFTMARG><sdc:r_PRICEBOOK><sdc:value>-999.00000</sdc:value></sdc:r_PRICEBOOK><sdc:r_PRICEBOOK_PRINT><sdc:value>np</sdc:value></sdc:r_PRICEBOOK_PRINT><sdc:r_PTINC3YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC3YGR><sdc:r_PTINC5YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC5YGR><sdc:r_ROE><sdc:value>0.00000</sdc:value></sdc:r_ROE><sdc:r_SALES3YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES3YGR><sdc:r_SALES5YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES5YGR><sdc:r_SE><sdc:value>0.00000</sdc:value></sdc:r_SE><sdc:r_TASS3YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS3YGR><sdc:r_TASS5YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS5YGR><sdc:r_TTCFMULT><sdc:value>0.00000</sdc:value></sdc:r_TTCFMULT><sdc:r_TTEBITMULT><sdc:value>0.00000</sdc:value></sdc:r_TTEBITMULT><sdc:r_VALNA><sdc:value>0.00000</sdc:value></sdc:r_VALNA><sdc:sic_SIC><sdc:value>6798:Real estate investment trusts</sdc:value></sdc:sic_SIC><sdc:upa_UPACIDGEN><sdc:value>218666001</sdc:value></sdc:upa_UPACIDGEN><sdc:upa1_EXCHANGE><sdc:value>New York</sdc:value></sdc:upa1_EXCHANGE><sdc:upa1_NATION><sdc:value>United States</sdc:value></sdc:upa1_NATION><sdc:upa1_SICP><sdc:value>6798</sdc:value></sdc:upa1_SICP><sdc:upa1_STATE><sdc:value>Ohio</sdc:value></sdc:upa1_STATE><sdc:upa1_STATUS><sdc:value>Public</sdc:value></sdc:upa1_STATUS><sdc:upa1_TICKER><sdc:value>DDR</sdc:value></sdc:upa1_TICKER><sdc:upsic_SIC><sdc:value>6798:Real estate investment trusts</sdc:value></sdc:upsic_SIC><sdc:upt_UPTCIDGEN><sdc:value>1029008001</sdc:value></sdc:upt_UPTCIDGEN><sdc:upt1_NATION><sdc:value>United States</sdc:value></sdc:upt1_NATION><sdc:upt1_SICP><sdc:value>6798</sdc:value></sdc:upt1_SICP><sdc:upt1_STATE><sdc:value>Delaware</sdc:value></sdc:upt1_STATE><sdc:upt1_STATUS><sdc:value>Private</sdc:value></sdc:upt1_STATUS><sdc:x_RANK1_VALUE><sdc:value>10.00000</sdc:value></sdc:x_RANK1_VALUE><sdc:x_RANK_HOSTRANKVAL><sdc:value>10.00000</sdc:value></sdc:x_RANK_HOSTRANKVAL><sdc:x_RANK_RANKVAL><sdc:value>10.00000</sdc:value></sdc:x_RANK_RANKVAL><sdc:x_rank_rankstgval><sdc:value>4.98700</sdc:value></sdc:x_rank_rankstgval></sdc:deal><category>Deal Information</category><alacra:ip>TF Mergers &amp; Acquisitions</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T1868058</link><guid isPermaLink="false">ccbn/T1868058</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><description>... - Deutsche Bank -  Senior Real Estate Analyst Okay, good afternoon everyone, I am Lou Taylor, the Senior Real Estate Analyst at Deutsche Bank. Welcome to the Developers  Diversified presentation and discussion today. With me, to my far left is Scott Wolstein, the Chairman and CEO. To his left, in the middle is Dan Hurwitz, the Chief Operating Officer and to my immediate left is David Oakes, the Chief Investment Officer. As many of you know, Developers Diversified is one of the largest shopping center companies in the world, with an equity market cap of around $# billion and about $## billion of assets under its control. Since the interest level or knowledge level of the company varies among the members of the audience here, I'll structure the ## minutes as a general or a broad Q&amp;A session. I'll start-off the discussion with a couple of macro oriented questions and then really open up the floor for all your questions. And if I could, I'd like to start with Scott. Scott, on your first quarter...

</description><pubDate>6/4/2008 10:05:00 PM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">Developers Diversified  Realty Co.</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Developers Diversified  Realty Co. at National Association of Real Estate Investment Trusts Investor Forum Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">DDR</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">3:30pm ET</ccbn:time><title>Developers Diversified  Realty Co. at National Association of Real Estate Investment Trusts Investor Forum Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T1868058</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/fitch/384762_report_frame</link><guid isPermaLink="false">fitch/384762_report_frame</guid><fitch:index_mode xmlns:fitch="http://www.alacra.com/fitch">pdf</fitch:index_mode><description>Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.</description><fitch:company xmlns:fitch="http://www.alacra.com/fitch">AMB Property Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Apartment Investment &amp; Management Co</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Boston Properties, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">BRE Properties, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Camden Property Trust</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Centro NP LLC</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Colonial Properties Trust</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Developers Diversified Realty Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Duke Realty Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">EastGroup Properties</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Equity Residential Properties Trust</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">General Growth Properties, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">HCP, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Health Care REIT, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Healthcare Realty Trust Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Highwoods Properties, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Home Properties Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Host Hotels &amp; Resorts Inc</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Irvine Apartment Communities, LP</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">iStar Financial Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Liberty Property Trust</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Mack-Cali Realty Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">National Retail Properties, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Pennsylvania Real Estate Investment Trust</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">ProLogis</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">PS Business Parks, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Public Storage, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Realty Income Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Reckson Operating Partnership, L.P.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Regency Centers Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Simon Property Group, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Sovran Self Storage, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Thornburg Mortgage Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Urstadt Biddle Properties</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Ventas, Inc.</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">1010000692</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80089444</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80089445</fitch:companyid><fitch:companyid 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xmlns:fitch="http://www.alacra.com/fitch">CLP</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">CPT</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">DDR</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">DRE</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">EGP</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">EQR</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">GGP</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">HCN</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">HCP</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">HIW</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">HME</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">HR</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">HST</fitch:ticker><fitch:ticker 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xmlns:fitch="http://www.alacra.com/fitch">VTR</fitch:ticker><title>Fitch REIT Report Quarterly</title><fitch:docid xmlns:fitch="http://www.alacra.com/fitch">384762_report_frame</fitch:docid><category>Credit &amp; Investment Research</category><alacra:ip>Fitch Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/B1779789</link><guid isPermaLink="false">ccbn/B1779789</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><description>...Portfolio is well positioned to outperform in an environment where consumers are more price sensitive than ever and largest tenants are offering most attractive value propositions to consumers. ...

</description><pubDate>4/25/2008 3:06:00 PM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">Developers Diversified  Realty Co.</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Edited</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Q1 2008 Developers Diversified  Realty Co. Earnings Conference Call Summary</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">DDR</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">11:00am ET</ccbn:time><title>Q1 2008 Developers Diversified  Realty Co. Earnings Conference Call Summary</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Brief</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">B1779789</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T1779789</link><guid isPermaLink="false">ccbn/T1779789</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><description>...Good day, ladies and gentlemen. Welcome to the first quarter #### Developers Diversified earnings conference call. My name is Erica, and I will be your coordinator for today. At this time, all participants are in a listen-only mode. We will be facilitating a question-and-answer session towards the end of this conference. (OPERATOR INSTRUCTIONS) I will now like to turn the presentation over to your host for today's call, Ms. Michelle Dawson. Please proceed. ...

</description><pubDate>4/25/2008 1:06:00 PM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">Developers Diversified  Realty Co.</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Q1 2008 Developers Diversified  Realty Co. Earnings Conference Call Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">DDR</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">11:00am ET</ccbn:time><title>Q1 2008 Developers Diversified  Realty Co. Earnings Conference Call Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T1779789</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/B1734165</link><guid isPermaLink="false">ccbn/B1734165</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><description>Q# #### Developers Diversified  Realty Co. Earnings Conference Call</description><pubDate>2/13/2008 4:06:00 PM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">Developers Diversified  Realty Co.</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Edited</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Q4 2007 Developers Diversified  Realty Co. Earnings Conference Call Summary</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">DDR</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">10:00am ET</ccbn:time><title>Q4 2007 Developers Diversified  Realty Co. Earnings Conference Call Summary</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Brief</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">B1734165</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T1734165</link><guid isPermaLink="false">ccbn/T1734165</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><description>Q# #### Developers Diversified  Realty Co. Earnings Conference Call</description><pubDate>2/13/2008 12:07:00 PM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">Developers Diversified  Realty Co.</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Q4 2007 Developers Diversified  Realty Co. Earnings Conference Call Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">DDR</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">10:00am ET</ccbn:time><title>Q4 2007 Developers Diversified  Realty Co. Earnings Conference Call Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T1734165</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item></channel></rss>