Developers Diversified Realty Promotes Robin Walker-Gibbons to Executive Vice President of Leasing

Developers Diversified Realty (NYSE: DDR), a Cleveland-based real estate investment trust and leading owner and operator of market-dominant community shopping centers, today announced the promotion of Robin Walker-Gibbons to Executive Vice President of Leasing.

Ms. Walker-Gibbons joined Developers Diversified in April 1995 as a Leasing Manager in the Company's Charlotte, NC office and in November of that same year was promoted to Vice President of Leasing and relocated to the Company's Cleveland headquarters. Ms. Walker-Gibbons was further promoted to Senior Vice President of Leasing for the Southeast Region in March 2005.

Daniel Hurwitz, Senior Executive Vice President and Chief Investment Officer, commented, "Robin's professionalism has been instrumental in furthering Developers Diversified's mission of being the premier owner of market-dominant community shopping centers. Her unparalleled tenant relationships combined with strong management skills have provided the outstanding results that made her uniquely qualified for this newly created position."

Prior to joining Developers Diversified, Ms. Walker-Gibbons was President of Aroco, Inc., a retail brokerage and tenant representation firm based in Alabama. She is a graduate of the University of Alabama.

Developers Diversified Realty is the nation's leading owner, developer and manager of market-dominant community centers. Developers Diversified currently owns and manages over 500 operating and development properties totaling approximately 114 million square feet of real estate in 44 states plus Puerto Rico. Developers Diversified is a self-administered and managed real estate investment trust (REIT) operating as a fully integrated real estate company which acquires, develops and manages shopping centers. Additional information about Developers Diversified is available on the Internet at http://www.ddr.com.

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