Developers Diversified Realty Launches Sustainable Lighting Program in Puerto Rico

BEACHWOOD, Ohio, Aug. 18 /PRNewswire-FirstCall/ -- Developers Diversified Realty Corporation (NYSE: DDR) today announced it is launching a pilot program in Puerto Rico to replace common area parking lot lighting at 14 shopping centers to lower energy consumption and reduce common area utility expenses.

Developers Diversified is partnering with WLS Lighting Systems to install Natural White® technology that draws less energy while emitting a higher-quality light. WLS Lighting Systems will also install the netLiNK Controls™ system, which will enable Developers Diversified to wirelessly control each individual parking lot light using an astronomical time clock for maximum efficiency and longevity.

"WLS Lighting Systems is excited about partnering with Developers Diversified," said Kevin Fletcher, president of Energy Services Group of WLS. "With Developers Diversified's proactive efforts in energy conservation coupled with our energy efficient lighting products, we will positively impact the environment and reduce common area utility expenses. Installing energy efficient lighting and our netLiNK Controls system on these 14 properties in Puerto Rico will eliminate over 1,700 tons of carbon dioxide emission annually."

"As part of our ongoing commitment to sustainable practices, and following the successful launch of our rooftop solar program last year, we intend to implement our sustainable lighting program in the continental United States within the next six months," said John S. Kokinchak, senior executive vice president of property management at Developers Diversified.

About Developers Diversified Realty

Developers Diversified owns and manages approximately 620 retail operating and development properties in 42 states, Brazil, Canada and Puerto Rico. Totaling more than 137 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

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