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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Springfield Mall Owner Retains Spot on NYSE After Its Stock Price Stabilizes Following Emergence from Bankruptcy
Pennsylvania Real Estate Investment Trust, owner of the Springfield Mall, Plymouth Meeting Mall and Willow Grove Park, has managed to dodge being delisted from the…
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PREIT Emerges Re-energized From Bankruptcy Protection With Fresh Capital
PREIT (Pennsylvania Real Estate Investment Trust), the owner of the Springfield Mall, came out of Chapter 11 bankruptcy Friday with a deal that gives access…
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Judge Approves Springfield 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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Springfield Mall Owner Feeling Hopeful About Recovering After Filing for Bankruptcy
By Chris Isaac After PREIT, owner of the Springfield Mall, filed for bankruptcy on November 1 they announced that this would be a move that…
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Springfield Mall To Remain Open as Owner Files for Bankruptcy and Begins Financial Restructuring
The owner of the Springfield Mall and 20 other malls in nine states filed for bankruptcy, part of a financial restructuring plan, writes Michael Tanenbaum…
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Springfield Mall Owner Says They May File for Bankruptcy to Get $150 Million Loan
By Chris Isaac Analysts have been speculating for a while now that PREIT, owner of the Springfield Mall, might be heading towards bankruptcy within a…
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Deal Falls Through for Springfield Mall Owner, Dashing Hopes for a Cash Infusion
PREIT, owner of the Springfield Mall, had its hopes for a cash infusion dashed when a plan to raise $153.6 million fell through, writes Natalie…
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Springfield Mall Owner Sending Curated Surprise Boxes to Shopper’s Homes
With COVID-19 concerns still on everyone’s minds, PREIT, owner of the Springfield Mall, is attempting to entice customers to patronize their mall retailers in an…
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Springfield Mall Owner Announces $23M COVID Shut Down Losses
By Chris Issac PREIT had been able to get all of their malls opened up again near the start of the summer, but there was…
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To Avoid Default, Owner of Springfield Mall Trimming Executive Salaries
As part of a deal with lenders to stave off default, PREIT, owner of the Springfield Mall, is paring back executive salaries and suspending dividend…
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Closed Since March, PREIT Announces Springfield Mall Will Reopen Friday
By Chris Isaac As the “green phase” spreads throughout Pennsylvania and starts lifting social restrictions, that also means the return of shopping malls. PREIT has…
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Owner of Springfield Mall Unsure of Its Ability to Survive Over Next Year
Pennsylvania Real Estate Investment Trust, the owner of the Springfield Mall, is unsure of its ability to survive, writes Natalie Kostelni for the Philadelphia Business…
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Recently Announced Macy’s Closures Could Affect Region’s Mall Owners Significantly
With several Macy’s and Bloomingdale’s department stores in their malls across the region, Pennsylvania Real Estate Investment Trust and Simon Property Group have the most…
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FROM MONTCO: Will LEGOLAND Breathe New Life Into Plymouth Meeting Mall?
Friday’s grand opening of the new LEGOLAND Discovery Center at Plymouth Meeting Mall was a hit with visitors who were eager to discover what this…
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