Company type | Private |
---|---|
ISIN | US7091021078
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Industry | Real estate investment trust |
Founded | 1960 |
Founder | Sylvan M. Cohen |
Headquarters | Philadelphia, Pennsylvania, U.S. |
Key people | Jared Chupaila,
CEO Glenn Rufrano, Executive chairman |
Products | Shopping centers |
Website |
preit |
PREIT is a privately held company that owns and develops shopping centers, mostly in the Mid-Atlantic states. The company was formerly known as Pennsylvania Real Estate Investment Trust.
The company was founded by Sylvan M. Cohen (1914-2001) in 1960. [1] In 1997, the company acquired the Rubin Organization for $260 million. [2] In 2003, the company acquired 6 shopping malls from The Rouse Company. [3] [4] The company also acquired Crown American. [5]
In 2012, Joseph Coradino was named chief executive officer of the company. [6]
The company filed for Chapter 11 bankruptcy protection on November 1, 2020, and exited bankruptcy protection on December 11, 2020. [7] [8] [9] [10]
On December 10, 2023, PREIT once again filed for Chapter 11 bankruptcy protection. [11] The company exited its bankruptcy proceedings in April 2024 under the ownership of its former lenders and appointed Jared Chupaila as CEO. [12] [13]
Notable properties owned by PREIT are as follows:
Company type | Private |
---|---|
ISIN | US7091021078
![]() |
Industry | Real estate investment trust |
Founded | 1960 |
Founder | Sylvan M. Cohen |
Headquarters | Philadelphia, Pennsylvania, U.S. |
Key people | Jared Chupaila,
CEO Glenn Rufrano, Executive chairman |
Products | Shopping centers |
Website |
preit |
PREIT is a privately held company that owns and develops shopping centers, mostly in the Mid-Atlantic states. The company was formerly known as Pennsylvania Real Estate Investment Trust.
The company was founded by Sylvan M. Cohen (1914-2001) in 1960. [1] In 1997, the company acquired the Rubin Organization for $260 million. [2] In 2003, the company acquired 6 shopping malls from The Rouse Company. [3] [4] The company also acquired Crown American. [5]
In 2012, Joseph Coradino was named chief executive officer of the company. [6]
The company filed for Chapter 11 bankruptcy protection on November 1, 2020, and exited bankruptcy protection on December 11, 2020. [7] [8] [9] [10]
On December 10, 2023, PREIT once again filed for Chapter 11 bankruptcy protection. [11] The company exited its bankruptcy proceedings in April 2024 under the ownership of its former lenders and appointed Jared Chupaila as CEO. [12] [13]
Notable properties owned by PREIT are as follows: