Pennsylvania Real Estate Investment Trust has terminated an agreement to sell five of its malls — a deal it mentioned earlier this year as one of its efforts to raise needed cash.
REIT Calls Off Plan to Sell Five Shopping Malls
Deal Was Part of Pennsylvania Firm’s Efforts to Raise Liquidity With Financial Obligations Coming Due
CoStar News
September 2, 2020 | 8:28 P.M.
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IN THIS ARTICLE
- Properties
- Moorestown Mall
400 Route 38, Moorestown, NJ
- Jacksonville Mall
375 Jacksonville Mall, Jacksonville, NC
- Magnolia Mall
2701 David H McLeod Blvd, Florence, SC
- Valley Mall
17301 Valley Mall Rd, Hagerstown, MD
- Capital City Mall
3453 Capital City Mall Dr, Camp Hill, PA
- Companies
- PREIT
Real Estate
- Geyser Holdings
Real Estate