As referenced in this Program Agreement:
DEVELOPERS DIVERSIFIED REALTY – txt
<DESCRIPTION>EXHIBIT 10.32 PROGRAM AGMT
<TEXT>
<PAGE>
Exhibit 10.32
PROGRAM AGREEMENT
FOR
RETAIL VALUE INVESTMENT PROGRAM
AMONG
RETAIL VALUE MANAGEMENT, LTD.
DEVELOPERS DIVERSIFIED REALTY CORPORATION
AND
THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
<PAGE>
<TABLE>
<CAPTION>
TABLE OF CONTENTS
SECTION PAGE
------- ----
ARTICLE I
DEFINITIONS AND INTERPRETATION
<C> &
_____________
Developers Diversified Realty – of America, a New Jersey corporation ("PIC"), through one of
its divisions, Prudential Real Estate Investors ("PREI"), Retail Value
Management, Ltd., an Ohio limited liability company (the "General Partner"), and
Developers Diversified Realty Corporation, an Ohio corporation ("DDRC").
W I T N E S E T H :
WHEREAS, the General Partner intends to identify debt or
equity interests in real estate assets or
_____________
Developers Diversified Realty – 0434
with a copy to:
Albert T. Adams
Baker & Hostetler LLP
3200 National City Center
1900 East 9th Street
Cleveland, Ohio 44114
Fax: (216) 696-0740
If to DDRC:
Developers Diversified Realty Corporation
The Heritage
34555 Chagrin Boulevard
Moreland Hills, Ohio 44022
Attention: James A. Schoff
Fax: (216) 247-0434
With copy to:
Albert T. Adams
Baker & Hostetler LLP
3200 National
_____________
DEVELOPERS DIVERSIFIED REALTY
– of the parties hereto as of the date of this Agreement set forth above.
THE PRUDENTIAL INSURANCE
COMPANY OF AMERICA
By: /s/ [ILLEGIBLE SIGNATURE]
-----------------------------
Name: [ILLEGIBLE NAME]
----------------------
Title: Vice President
----------------------
DEVELOPERS DIVERSIFIED REALTY
CORPORATION
By: /s/ Scott A. Wolstein
-----------------------------
Name: Scott A. Wolstein
----------------------
Title: President
----------------------
RETAIL VALUE MANAGEMENT, LTD.
By: /s/ Scott A. Wolstein
-----------------------------
Name: Scott A. Wolstein
----------------------
Title: Managing Member
----------------------
-22-
&
_____________
dt 1729716