Silver Spring Square in Harrisburg, PA, is the largest of the properties DDR is spinning off.DDR Corp. (NYSE: DDR), a Cleveland-based shopping center REIT, plans to spin off a portfolio of 50 assets, including all of its Puerto Rico portfolio, into a separate publicly-traded REIT to be named Retail Value Trust.

Retail Value Trust expects to focus on realizing value in its portfolio through operations and private market sales of its 38 Continental…

Article From: "Key Realty Commercial Real Estate News"   Read full article