This section is missing information about 1968-1992. Please expand the section to include this information. Further details may exist on the talk page.(May 2019)
SITE Centers was founded in 1965 by Bert Wolstein as Developers Diversified Realty, Inc.[2] After two years, the company built its first property, a KMart store in Eastlake, Ohio.[3]
In 1998, the company acquired a portfolio of nine properties in Salt Lake City for $300 million.[5] In 2002 the company acquired JDN Realty Corporation for $436 million in stock.[6] In February 2011 the company's executive chairman, Scott Wolstein, resigned,[7] and the company was renamed to DDR Corp. that September.[8]
In December the company sold Town Center Plaza to Glimcher Realty Trust in exchange for Polaris Towne Center.[9]
In August 2013 DDR Corp. entered into a joint venture with Blackstone Group and acquired seven open-air shopping centers from Regency Centers Corporation for $332 million.[10] In March of the next year, the company agreed to exit its Brazilian joint venture by selling its stake to the firm's largest shareholder for $343.6 million.[11][12] In October 2014 DDR Corp. entered into a second joint venture with Blackstone Group, acquiring seventy shopping centers totaling 15.7 million square feet for $1.93 billion.[13][14]
In February 2015, David Oakes was appointed as president and chief executive officer of the company,[15] though was fired and replaced by Thomas August in July 2016.[16] In January 2016, the company sold Paseo Colorado to Cypress Equities.[17] In October of the same year, the company sold a 16-property portfolio for $390 million in a transaction brokered by HFF.[18]
In July 2018, the company completed the corporate spin-off of Retail Value, Inc.[19] Three months later, the company announced a name change to SITE Centers Corp.[20]
