Mall owner Pennsylvania Real Estate Investment Trust plans to raise capital, with $275 million in property sales in the works, to help pay down its debt and looks to unveil a long-term plan to address its nagging financial woes this summer.
Vowing To Reduce Debt, Mall Landlord PREIT Offers Long-Term Game Plan
Company Says It Will Raise $275 Million in Capital With Pending Sales
By Linda Moss
CoStar News
May 5, 2022 | 8:15 P.M.
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IN THIS ARTICLE
- Properties
- Woodland Mall
3195 28th St, Kentwood, MI
- Cumberland Mall
3849 Delsea Dr, Vineland, NJ
- Cherry Hill Mall
2000 Route 38, Cherry Hill, NJ
- One Commerce Square
2005 Market St, Philadelphia, PA
- Companies
- PREIT
Real Estate