PREIT Enhances Cherry Hill Mall Appeal with Addition of DICK’S House of Sport
PREIT is pleased to announce the next wave of additions to Cherry Hill Mall, one of the region’s premier shopping…
Apr
25
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Financial, News, Property
Exton Square Mall Sale Paves the Way for Vibrant Town Center TransformationPREIT and Abrams Realty today announced the transfer of Exton Square Mall for $34,250,000, marking a major milestone in the…
Financial, News, Property
PREIT Successfully Refinances Woodland Mall LoanPREIT is pleased to announce the successful refinancing of Woodland Mall in Grand Rapids, Michigan. This $80 million mortgage, originated…
Financial, News
PREIT Takes Steps to Significantly Strengthen Balance Sheet and Solidify Future of BusinessFocus on Delivering Exceptional Experiences for Shoppers and Tenants Continues Enters Restructuring Support Agreement with 100% of PREIT’s First and…
Financial
PREIT Schedules Fourth Quarter 2022 Earnings Release and Conference CallPHILADELPHIA, PA, March 2, 2023 – PREIT intends to release its financial results for the quarter and year ending December…
Financial, News
PREIT Sells Whole Foods Parcel for $27 MillionSale of Parcel Part of Multi-Faceted Strategy to Harvest Value PREIT, today, announced the sale of its Whole Foods parcel…
Financial
PREIT Completes Extension of Key Mortgage Maturity and Provides Update on Asset SalesPREIT today, announced that it has executed an extension of the mortgage loan secured by Woodland Mall in Grand Rapids,…
Financial, News
PREIT Successfully Achieves Extension of Credit FacilitiesAsset Values Documented in Connection with Credit Facilities Extension Acknowledge Substantial Portfolio Transformation PREIT (NYSE: PEI), today, announced meaningful balance…
Financial
PREIT Accelerates Capital-Raising Initiative Surpassing Key MilestoneOver $110 million raised through asset sale program $148 million from asset sales and excess cash used to repay debt…
Financial
PREIT Portfolio Demonstrates Strength as Consumers Continue to Choose In-Person ExperiencesPREIT today announced continued strong metrics in traffic, sales and collections. By analyzing the needs of each community and developing…