PREIT Closes on Sale of Interest in Gloucester Premium Outlets, Reducing Debt by $35.4 Million
Marks key step in executing on the Company''s capital plan PHILADELPHIA , June 23, 2022 |PRNewswire| -- PREIT (NYSE: PEI ), today, announced that it has sold its 25% interest in the entity that owns Gloucester Premium Outlets. www.preit.com or on Twitter or LinkedIn. (PRNewsFoto|PREIT) (PRNewsFoto|)" alt="PREIT has a primary focus on the ownership and management of differentiated retail shopping malls crafted to fit the dynamic communities they serve. The Company operates properties in 12 states in the eastern U.S. with concentration in the Mid-Atlantic and Greater Philadelphia region. The Company is headquartered in Philadelphia, Pennsylvania. More information about PREIT can be found at www.preit.com or on Twitter or LinkedIn. (PRNewsFoto|PREIT) (PRNewsFoto|)"
PREIT Closes on Sale of Interest in Gloucester Premium Outlets, Reducing Debt by $35.4 Million
Marks key step in executing on the Company''s capital plan PHILADELPHIA , June 23, 2022 |PRNewswire| -- PREIT (NYSE: PEI ), today, announced that it has sold its 25% interest in the entity that owns Gloucester Premium Outlets. www.preit.com or on Twitter or LinkedIn. (PRNewsFoto|PREIT) (PRNewsFoto|)" alt="PREIT has a primary focus on the ownership and management of differentiated retail shopping malls crafted to fit the dynamic communities they serve. The Company operates properties in 12 states in the eastern U.S. with concentration in the Mid-Atlantic and Greater Philadelphia region. The Company is headquartered in Philadelphia, Pennsylvania. More information about PREIT can be found at www.preit.com or on Twitter or LinkedIn. (PRNewsFoto|PREIT) (PRNewsFoto|)"