The Firm is representing affiliates of The Blackstone Group (“Blackstone”) in connection with its acquisition from affiliates of Elbit Imaging Ltd. of a portfolio of 46 retail shopping centers in the United States, comprising approximately 10.6 million square feet of space in 20 states for $1.43 billion, including the assumption of at least $945 million in debt.  In connection with the execution of the purchase agreement, Blackstone entered into a joint venture with affiliates of DDR Corp. (“DDR”) to acquire the properties.  Blackstone will own 95% of the joint venture and DDR will own 5% of the joint venture.  DDR will also be making a $150 million preferred equity investment in the joint venture.