Developers Diversified Realty Names Mark Bratt Executive Vice President and Chief Investment Officer

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

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