DDR enhances liquidity by selling assets, refinancing loans

01/2/2009 | GlobeSt.com

In an effort to enhance liquidity, Developers Diversified Realty netted some $136 million from the sale of assets in 2008 and raised another $1.2 billion in new mortgages by refinancing loans in its wholly owned and joint-venture portfolios. "As we enter into 2009, we remain extremely focused on executing transactions that will further reduce our leverage and improve our liquidity," said David Oakes of DDR.

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