Pennsylvania Real Estate Investment Trust
| 100px | |
| Public | |
| Traded as | NYSE: PEI |
| Industry | Real estate |
| Founded | 1960 |
| Founder | Sylvan M. Cohen |
| Headquarters | Philadelphia, Pennsylvania, United States |
|
Area served
|
North America |
|
Key people
|
Ronald Rubin (Executive Chairman) Joseph F. Coradino (CEO) |
| Website | http://www.preit.com/ |
The Pennsylvania Real Estate Investment Trust (PREIT) (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. As of June 7, 2012, Joseph F. Coradino is the chief executive officer.[1]
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.[2]
List of malls
References
- ↑ Joseph Coradino Becomes Chief Executive Officer of PREIT, 06/07/2012.
- ↑ PREIT Company History. Retrieved December 12, 2006.
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External links
- Pages with broken file links
- Companies listed on the New York Stock Exchange
- Companies based in Pennsylvania
- Companies established in 1960
- Shopping property management firms
- Real estate investment trusts of the United States
- Pennsylvania Real Estate Investment Trust
- Real estate companies of the United States
- 1960 establishments in Pennsylvania
