REIT Company: Pennsylvania Real Estate Investment Trust (PEI) (1960)

Pennsylvania Real Estate Investment Trust (PREIT) (NYSE: PEI) was founded in 1960 by Sylvan M. Cohen (died September 8, 2001). It is headquartered in Philadelphia, Pennsylvania, USA, and has 274 full-time employees. A listed real estate investment trust (REIT company), the investment target is retail commercial properties.

Pennsylvania Real Estate Investment Trust PREIT Logo

Pennsylvania Real Estate Investment Trust (PEI):

PREIT owns and operates more than 26 million square feet of major retail mall properties in the eastern United States, especially in Pennsylvania, New Jersey and Maryland. In addition, Pennsylvania Real Estate Investment Trust has a large number of assets in the Philadelphia and Washington, DC subway markets. .

  • In 1997, Pennsylvania Real Estate Investment Trust merged with Rubin Organization, a commercial property development and management company;
  • In 2003, PREIT changed its strategic focus from a diversified industry, focusing on retail properties;
  • In the next few years, PREIT acquired 6 shopping malls from The Rouse Company, sold several multi-family residential properties, and completed the merger with Crown American Realty Trust;
  • On June 7, 2012, Joseph F. Coradino became CEO.

Pennsylvania Real Estate Investment Trust (PEI) properties:

Mall (shopping center)

Business District


Francis Scott Key Mall

Washington, DC

Valley Mall

Hagerstown, Maryland

The Mall at Prince Georges

Washington, DC

Dartmouth Mall

New Bedford, Massachusetts

Woodland Mall

Grand Rapids, Michigan

Cherry Hill Mall


Hudson Mall

New York City

Custody property

Moorestown Mall


Cumberland Mall


Arnot Mall

Horseheads, California

Custody property

Jacksonville Mall

Jacksonville, California

Lehigh Valley Mall

Allentown, Pennsylvania

Simon Real Estate : PREIT=62.4%: 37.6%

Logan Valley Mall

Altoona, Pennsylvania

Capital City Mall

Pittsburgh, Pennsylvania

Exton Square Mall


Beaver Valley Mall

Pittsburgh, Pennsylvania

Fashion Outlets of Philadelphia


Macerich : PREIT = 50%: 50%

Plymouth Meeting Mall


Viewmont Mall

Scranton/Wilkes-Barre, Pennsylvania

Susquehanna Valley Mall

Selinsgrove, Pennsylvania

Custody property

Springfield Mall


Simon Real Estate : PREIT=50%: 50%

Washington Crown Center

Pittsburgh, Pennsylvania

Wyoming Valley Mall

Scranton/Wilkes-Barre, Pennsylvania

Willow Grove Park Mall


Magnolia Mall

Florence, Southern California

Patrick Henry Mall

Norfolk, Virginia

Springfield Town Center

Washington, DC

Crossroads Mall

Beckley, West Virginia

Valley View Mall

La Crosse, Wisconsin

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