BEACHWOOD, OH—Another REIT has made an upper-echelon change. Locally based DDR has appointed David J. Oakes president. The six year company veteran is also senior executive vice president and CFO and will retain the latter title.

This is the second REIT to announce a C-Suite shift in recent days. As GlobeSt.com reported last week, Walt Rakowich has stepped down from his co-CEO post at Prologis, making way for Hamid Moghadam to take full command of the industrial trust.

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