Pennsylvania Real Estate Investment Trust
Pennsylvania Real Estate Investment Trust is an equity real estate investment trust. It has a primary investment focus on retail shopping malls located in the eastern half of the United States, primarily in the Mid-Atlantic region. The company engages in the ownership, management, leasing, acquisition, redevelopment and development of enclosed malls. Its properties and malls include national or regional department stores, large format retailers or other anchors and a diverse mix of national, regional and local in-line stores offering apparel, shoes, eyewear, cards and gifts, jewelry, sporting goods, home furnishings, drug stores, electronics and books/music/movies. The company provides management, leasing and real estate development services through two companies: PREIT Services LLC, which develops and manages properties that is consolidate for financial reporting purposes and PREIT-RUBIN, Inc., which develops and manages properties that it do not consolidate for financial reporting purposes, including properties owned by partnerships in which it owns an interest and properties that are owned by third parties in which do not have an interest. Pennsylvania Real Estate Investment Trust was founded in 1960 and is headquartered in Philadelphia, PA.