Developers Diversified names executive VP

Beachwood, Ohio Developers Diversified Realty Corp. announced Mark Bratt will join the company as executive VP and chief investment officer effective July 12.

Bratt will direct the company's continued strategy of disposing of non-prime assets and selectively acquiring properties that improve the Prime Portfolio, and will be responsible for initiating relationships with new institutional capital partners, and will work to further advance relationships with existing partners. He will also serve on the company's executive and investment committees.

Most recently, Bratt served as executive director, acquisitions and portfolio management for Morgan Stanley Real Estate.