PREIT
PREIT is a privately held real estate investment trust that owns and develops shopping centers, primarily in the Mid-Atlantic region.
Founded in 1960, it focuses on transforming traditional malls into mixed-use, community-centric hubs. PREIT emerged from its second bankruptcy in 2024 and is now privately owned.
Address: 2005 Market Street, Suite 1120, Philadelphia, PA 19103
Phone: (215) 875-0700
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Exton Square Mall Owner PREIT Avoids Major Leadership Shakeup
PREIT, which owns retail properties including the Exton Square Mall, avoided what could have been a major leadership shakeup by rejecting resignations from seven board…
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PREIT Faces $1 Billion in Debt, Struggles to Sell Exton Square Mall
Exton Square Mall owner PREIT has a huge bill due at the end of this year. The real estate company accrued $1 billion in debt…
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7 Board Members of Exton Square Mall’s Owner, PREIT, Send in Resignations
Due to a lack of shareholder votes, seven out of nine board members of PREIT have tendered their resignations, and while they are not official,…
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PREIT Still Searching for Buyer for Exton Square Mall as Deadline Approaches
PREIT is still searching for a buyer for Exton Square Mall to shore up cash as a pivotal loan deadline inches closer, writes Paul Schwedelson…
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NYSE Suspends Trading in PREIT Shares, Starts Stock Delisting Process
Pennsylvania Real Estate Investment Trust, the owner of Plymouth Meeting Mall and Willow Grove Park Mall, is being booted off the New York Stock Exchange,…
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PREIT to Sell Exton Square Mall to Developer
The Pennsylvania Real Estate Investment Trust (PREIT) is planning to sell Exton Square Mall as it tries to raise funds to pay down its debt…
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PREIT Brings Down Debt with $35 Million in Land Sales
PREIT, which agreed in the first quarter of the year to sell Exton Square Mall to Brandywine Realty Trust, has made progress on its debt…
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Exton Square Mall’s New Owner Revealed
The Pennsylvania Real Estate Investment Trust (PREIT) has agreed to sell Exton Square Mall to Brandywine Realty Trust for $27.5 million, writes Natalie Kostelni for…
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Exton Square Mall Owner Dismisses Its Auditor After 20 Years
PREIT, which owns Exton Square Mall, has dismissed its auditor, KPMG, and has brought on a new accounting firm, according to the SEC. Natalie Kostelni…
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Owner of Exton Square Mall Has ‘Substantial Doubt’ About Its Ability to Stay in Business Over Next Year
The Pennsylvania Real Estate Investment Trust (PREIT), which owns Exton Square Mall, has “substantial doubt” about being able to remain in business over the next…
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Exton Mall Owner Faces Investor Challenge
The Pennsylvania Real Estate Investment Trust (PREIT), which owns Exton Square Mall, faces another challenge as it continues to struggle to get its share price…
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PREIT, Owner of Exton Mall, Ends 2021 on High Note
Pennsylvania Real Estate Investment Trust (PREIT), the owner of Exton Square Mall, closed 2021 on a high note with core mall rolling 12-month sales traversing…
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With Stock Shares Under $1, PREIT Faces Delisting from NYSE
As its shares continue to linger under $1, Pennsylvania Real Estate Investment Trust, the owner of Exton Square Mall, is facing possible delisting from the…
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PREIT, Owner of Exton Square Mall, Issues First-ever Sustainability Report
Pennsylvania Real Estate Investment Trust (PREIT), the owner of Exton Square Mall, has issued its inaugural sustainability report. The report highlights PREIT’s efforts to position…
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Exton Mall Owner Dodges Delisting on Stock Exchange
The Pennsylvania Real Estate Investment Trust, which owns Exton Square Mall, has managed to dodge being delisted from the New York Stock Exchange. PREIT’s share…
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Exton Mall Owner Emerges Re-Energized from Bankruptcy Protection with Fresh Capital
PREIT (Pennsylvania Real Estate Investment Trust), the owner of Exton Square Mall, came out of Chapter 11 bankruptcy Friday with a deal that gives access…
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Judge Approves Exton Square Mall Owner’s Bankruptcy Restructuring Plan
After failing to get 100% of their lenders to approve of their restructuring plan, PREIT prepared to take the matter to court earlier this year…
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Exton Mall Owner’s Revenue Crashes, Down by $30 Million from Previous Year
By Chris Isaac PREIT, the Center City-based owner of Exton Square Mall, seems to have found a lifeline as they are set to undergo a…
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