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PREIT Says It’s Emerging From Bankruptcy ‘Significantly Strengthened’

Retail Landlord’s Prepackaged Accord Helped Speed the Process as Properties Stayed Open
The Cherry Hill Mall in New Jersey is among those owned by Pennsylvania Real Estate Investment Trust. (CoStar)
The Cherry Hill Mall in New Jersey is among those owned by Pennsylvania Real Estate Investment Trust. (CoStar)
By Jennifer Waters
CoStar News
December 14, 2020 | 10:50 P.M.

Pennsylvania Real Estate Investment Trust, one of the first U.S. retail property owners to file for Chapter 11 bankruptcy protection in the pandemic, emerged with a clean slate though the challenges it faces remain.

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