Devonshire OP to be acquired by Davidson Kempner Capital Management

Devonshire Operating Partnership, LP to be acquired by affiliates of Davidson Kempner Capital Management LP

Whitehouse, OH – December 14, 2016–Devonshire Operating Partnership, LP announces that it has entered into a definitive agreement pursuant to which affiliates controlled by Davidson Kempner Capital Management LP will acquire all of the common equity interests of Devonshire Operating Partnership, LP. Davidson Kempner Capital Management LP is a global institutional investment management firm. The parties currently expect the transaction to close during the first quarter of 2017.

Devonshire Operating Partnership, LP, through its subsidiaries, owns 32 community and neighborhood shopping centers with approximately 4 million square feet of gross leasable area and is controlled by Devonshire REIT, Inc.

Contact:
Michael Carroll
Michael.Carroll@devreit.com
567-246-5361