DDR Corp. and Madison International Realty are tapping the commercial mortgage bond market to finance a portfolio of 52 retail properties with a combined 7 million square feet.

The two firms jointly obtained three separate loans totaling $706.7million from Citigroup and Morgan Stanley; the loans are secured by three separate pools of properties. The three loans are being securitized in a single transaction, dubbed CGMS Commercial Mortgage Trust 2017-MDDR. However the notes to be issued will be secured by one of the portfolios.

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