$16.9 MILLION LOAN ARRANGED FOR TWO WAL-MART STORES

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SOUTH CAROLINA AND NORTH CAROLINA — Developers Diversified Realty has borrowed $16.9 million in financing for two Wal-Mart Supercenters located in Greenville, S.C., and Winston-Salem, N.C. An undisclosed life insurance company financed the two mortgages. Richard Williams and Alex Yates of Medalist Capital’s Charlotte, N.C., office secured the loan.

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