DDR Corp. (NYSE: DDR) said its plan to spin off lower-quality U.S. shopping centers and its Puerto Rico assets will create value for shareholders and complete the retail REIT’s broader portfolio transformation.

DDR first announced plans to create a new REIT, Retail Value Inc. (RVI), at the end of 2017. RVI is expected to begin trading on July 2.

Source: RSS Reit

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