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PREIT Is Raising $200 Million Through Property Sales To Reduce Debt

Mall Landlord Says It’s Already Paid Down $82 Million in First Half of Year
Exton Square Mall, seen here in an aerial photo, is being sold by Pennsylvania Real Estate Investment Trust. (CoStar)
Exton Square Mall, seen here in an aerial photo, is being sold by Pennsylvania Real Estate Investment Trust. (CoStar)
CoStar News
August 9, 2022 | 10:52 P.M.

Mall landlord Pennsylvania Real Estate Investment Trust has over $200 million in property sales either completed or pending, capital it plans to use to pay down more of its debt.

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