8-K

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):   June 26, 2003

Developers Diversified Realty Corporation

(Exact Name of Registrant as Specified in Charter)

Ohio	001-11690	34-1723097
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

3300 Enterprise, Parkway, Beachwood, Ohio	44122
(Address of Principal Executive Offices)	(Zip Code)

(216) 755-5500

(Registrant’s telephone number,
including area code)

Item 5. Other Events.

     On June 26, 2003, Ernst & Young LLP consented to the incorporation by reference in the Registration Statement on Form S-3 (Nos. 333-72519) of Developers Diversified Realty Corporation, an Ohio corporation (“DDR”), of its’ report dated March 18, 2003, with respect to the consolidated financial statements of JDN Realty Corporation, a Maryland corporation and majority-owned subsidiary of DDR, included in the Current Report on Form 8-K of DDR, as filed with the Securities and Exchange Commission on March 19, 2003. A copy of the consent of Ernst & Young LLP is attached hereto as Exhibit 23.

-1-

Item 7. Financial Statements and Exhibits.

(c)	Exhibits.
	Exhibit 23	Consent of Ernst & Young LLP

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SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		Developers Diversified Realty Corporation
Date:	June 26, 2003	By:	/s/ William H. Schafer
			William H. Schafer Senior Vice President and Chief Financial Officer

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Exhibit Index

Exhibit 23 Consent of Ernst & Young LLP

-4- EX-23 3 l01711bexv23.txt EX-23 CONSENT EXHIBIT 23 We consent to the incorporation by reference in the Registration Statement on Form S-3 (Nos. 333-72519) of Developers Diversified Realty Corporation, an Ohio corporation ("DDR"), of our report dated March 18, 2003, with respect to the consolidated financial statements of JDN Realty Corporation included in the Current Report on Form 8-K of DDR, as filed with the Securities and Exchange Commission on March 19, 2003 and to the reference to our firm under the caption "Experts" in the Prospectus Supplement to Registration Statement No. 333-72519, as filed with the Securities and Exchange Commission on June 26, 2003. /s/ Ernst & Young LLP Atlanta, Georgia June 26, 2003 8-K 4 l01711be8vkxpdfy.pdf (COURTESY COPY) begin 644 l01711be8vkxpdfy.pdf M)5!$1BTQ+C(-)>+CS],-"C(U(#`@;V)J#3P\(`TO3&EN96%R:7IE9"`Q(`TO M3R`R-R`-+T@@6R`W,S0@,3@S(%T@#2],(#(Y-C$W(`TO12`R,#(U,B`-+TX@ M-2`-+U0@,C@Y.3D@#3X^(`UE;F1O8FH-("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("!XF4@-#$-+TEN9F\@,C0@,"!2(`TO M4F]O="`R-B`P(%(@#2]0')E9@TP#24E14]`@("`@#3(V(#`@;V)J M#3P\(`TO5'EP92`O0V%T86QO9R`-+U!A9V5S(#$S(#`@4B`-+TI4(#(S(#`@ M4B`-/CX@#65N9&]B:@TS.2`P(&]B:@T\/"`O4R`U.2`O1FEL=&5R("]&;&%T M941E8V]D92`O3&5N9W1H(#0P(#`@4B`^/B`-7!E("]4>7!E,2`-+T9I7!E("]&;VYT1&5S8W)I<'1OF5R;R]8+V5I9VAT+TTO<&%R96YR:6=H="]4+V]N92]! 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EX-23

                                                                      EXHIBIT 23







We consent to the incorporation by reference in the Registration Statement on
Form S-3 (Nos. 333-72519) of Developers Diversified Realty Corporation, an Ohio
corporation ("DDR"), of our report dated March 18, 2003, with respect to the
consolidated financial statements of JDN Realty Corporation included in the
Current Report on Form 8-K of DDR, as filed with the Securities and Exchange
Commission on March 19, 2003 and to the reference to our firm under the caption
"Experts" in the Prospectus Supplement to Registration Statement No. 333-72519,
as filed with the Securities and Exchange Commission on June 26, 2003.





                              /s/ Ernst & Young LLP


Atlanta, Georgia
June 26, 2003