Pennsylvania Real Estate

Pennsylvania Real Estate Investment Trust (PREIT) is pretty sure that one of its tenants has something you really, really want. The company owns, either outright or through partnerships, about 50 shopping malls and strip and power centers that count retailers such as Foot Locker, J.C. Penney, The Gap, Macy's, and Sears among its largest tenants. PREIT's portfolio consists of more than 33 million sq. ft. of space in more than a dozen states; it is concentrated in the Mid-Atlantic, with a particular focus in Pennsylvania. The company also provides construction management, development, leasing, marketing, and property management services. Founded in 1960, PREIT was one of the first publicly traded REITs in the US.