Discount to NAV means more REITs likely to tap JV capital.
DDR, Blackstone in Joint Venture to Buy Shopping Center Assets from ARCP
DDR Corp. (NYSE: DDR) and an affiliate of Blackstone Real Estate Partners VII said June 12 they have formed a third joint venture that will acquire 76 shopping centers currently owned by American Realty Capital Properties, Inc. (NASDAQ: ARCP) for approximately $ 2 billion.