PREIT

Philadelphia, United States

Pennsylvania Real Estate Investment Trust (PREIT) is a publicly owned equity real estate investment trust that owns, manages, develops, and leases distinctive retail and mixed-use properties, primarily market-dominant shopping malls and power/strip centers in the Eastern United States. The company operates as a premier developer and operator of retail and entertainment destinations in top metropolitan statistical areas, focusing on five core areas: multi-family & hotel, health & tech, retail, essentials & grocery, and experiential. Following its Chapter 11 bankruptcy emergence in March 2024, PREIT operates as a private entity owned by its former lenders, positioned to enhance its core assets and adapt to the evolving retail landscape.