Pennsylvania Real Estate Investment Trust
Pennsylvania Real Estate Investment Trust
|
| Type |
Public |
| Traded as |
NYSE: PEI |
| Industry |
Investment |
| Founded |
1960 (1960) |
| Headquarters |
Philadelphia, Pennsylvania, United States |
| Area served |
North America |
| Key people |
Ronald Rubin, Chairman & CEO
George F. Rubin, Vice Chairman
Edward A. Glickman, President & COO |
| Revenue |
US$463,088,000 (2009) |
| Total assets |
US$3,346,580,000 (2009) |
| Total equity |
US$634,804,000 (2009) |
| Website |
http://www.preit.com/ |
The Pennsylvania Real Estate Investment Trust (NYSE: PEI) is one of the first publicly traded real estate investment trusts, established in 1960 by Sylvan M. Cohen (died September 8, 2001).
The PREIT corporate offices are located in Philadelphia, Pennsylvania. It focuses on shopping centers in the eastern United States, particularly in the mid-Atlantic states of Pennsylvania, New Jersey and Maryland. Ronald Rubin is chairman and chief executive officer.
In 1997 PREIT merged with the Rubin Organization, a commercial property development and management firm. In 2003 the firm changed its strategic focus from a diversified property base to retail. During that year PREIT acquired six shopping malls from The Rouse Company, sold several multifamily residential properties, and completed a merger with Crown American Realty Trust.[1]
List of malls
PREIT Malls[2]
| Mall |
Location |
Metro Area |
Notes |
| Wiregrass Commons Mall |
Dothan, Alabama |
Dothan, Alabama |
|
| Gadsden Mall |
Gadsden, Alabama |
Gadsden, Alabama |
|
| Orlando Fashion Square |
Orlando, Florida |
Orlando, Florida |
|
| Francis Scott Key Mall |
Frederick, Maryland |
Washington, D.C. |
|
| Valley Mall |
Hagerstown, Maryland |
Hagerstown, Maryland |
|
| The Mall at Prince Georges |
Hyattsville, Maryland |
Washington, D.C. |
|
| Dartmouth Mall |
Dartmouth, Massachusetts |
New Bedford, Massachusetts |
|
| Woodland Mall |
Grand Rapids, Michigan |
Grand Rapids, Michigan |
|
| Cherry Hill Mall |
Cherry Hill, New Jersey |
Philadelphia, Pennsylvania |
|
| Hudson Mall |
Jersey City, New Jersey |
New York City |
|
| Moorestown Mall |
Moorestown, New Jersey |
Philadelphia, Pennsylvania |
|
| Phillipsburg Mall |
Phillipsburg, New Jersey |
Allentown, Pennsylvania |
|
| Cumberland Mall |
Vineland, New Jersey |
Philadelphia, Pennsylvania |
|
| Voorhees Town Center |
Voorhees, New Jersey |
Philadelphia, Pennsylvania |
|
| Arnot Mall |
Horseheads, New York |
Elmira, New York |
|
| Jacksonville Mall |
Jacksonville, North Carolina |
Jacksonville, North Carolina |
|
| South Mall |
Allentown, Pennsylvania |
Allentown, Pennsylvania |
|
| Lehigh Valley Mall |
Allentown, Pennsylvania |
Allentown, Pennsylvania |
50% ownership with Simon Property Group, Simon manages the mall[3] |
| Whitehall Mall |
Allentown, Pennsylvania |
Allentown, Pennsylvania |
50% ownership with Simon Property Group, Simon manages the mall[3] |
| Logan Valley Mall |
Altoona, Pennsylvania |
Altoona, Pennsylvania |
|
| Capital City Mall |
Camp Hill, Pennsylvania |
Harrisburg, Pennsylvania |
|
| Chambersburg Mall |
Chambersburg, Pennsylvania |
Chambersburg, Pennsylvania |
|
| Palmer Park Mall |
Easton, Pennsylvania |
Allentown, Pennsylvania |
|
| Exton Square Mall |
Exton, Pennsylvania |
Philadelphia, Pennsylvania |
|
| North Hanover Mall |
Hanover, Pennsylvania |
York, Pennsylvania |
|
| Beaver Valley Mall |
Center Township, Beaver County, Pennsylvania |
Pittsburgh, Pennsylvania |
|
| Lycoming Mall |
Williamsport, Pennsylvania |
Williamsport, Pennsylvania |
|
| The Gallery at Market East |
Philadelphia, Pennsylvania |
Philadelphia, Pennsylvania |
|
| Shops at the Bellevue |
Philadelphia, Pennsylvania |
Philadelphia, Pennsylvania |
|
| Plymouth Meeting Mall |
Plymouth Meeting, Pennsylvania |
Philadelphia, Pennsylvania |
|
| Viewmont Mall |
Scranton, Pennsylvania |
Scranton/Wilkes-Barre, Pennsylvania |
|
| Susquehanna Valley Mall |
Selinsgrove, Pennsylvania |
Selinsgrove, Pennsylvania |
|
| Springfield Mall |
Springfield, Pennsylvania |
Philadelphia, Pennsylvania |
50% ownership with Simon Property Group[3] |
| Nittany Mall |
State College, Pennsylvania |
State College, Pennsylvania |
|
| Uniontown Mall |
Uniontown, Pennsylvania |
Pittsburgh, Pennsylvania |
|
| Washington Crown Center |
Washington, Pennsylvania |
Pittsburgh, Pennsylvania |
|
| Wyoming Valley Mall |
Wilkes-Barre, Pennsylvania |
Scranton/Wilkes-Barre, Pennsylvania |
|
| Willow Grove Park Mall |
Willow Grove, Pennsylvania |
Philadelphia, Pennsylvania |
|
| Magnolia Mall |
Florence, South Carolina |
Florence, South Carolina |
|
| New River Valley Mall |
Christiansburg, Virginia |
Blacksburg, Virginia |
|
| Patrick Henry Mall |
Newport News, Virginia |
Norfolk, Virginia |
|
| Crossroads Mall |
Beckley, West Virginia |
Beckley, West Virginia |
|
| Valley View Mall |
La Crosse, Wisconsin |
La Crosse, Wisconsin |
|
References
External links