DRA Advisors and KPR Centers completed the acquisition of a portfolio of 33 grocery-anchored shopping centers of Cedar Realty Trust for $879m.

DRA Advisors, a real estate investment advisor, and KPR Centers, a real estate investment, development and management company, completed the acquisition of a portfolio of 33 grocery-anchored shopping centers of Cedar Realty Trust, a real estate investment trust, for $879m. "We believe this combination of transactions represents the best possible outcome for our common shareholders and we are very pleased with the progress thus far of our dual-track review of strategic alternatives," Bruce Schanzer, Cedar President and CEO.