| Pennsylvania Real Estate Investment Trust (PREIT) is a fully integrated, self-managed and self-administered real estate investment trust (REIT). It has a primary investment focus on retail shopping malls, and power and strip centers located in the eastern half of the United States, primarily in the Mid-Atlantic region. It is primarily engaged in the ownership, management, development, redevelopment, acquisition and leasing of retail shopping malls, and power and strip centers. As of December 31, 2007, the Company's portfolio consisted of a total of 55 properties. Its portfolio contains 51 retail properties in 13 states and includes 38 shopping malls and 13 power and strip centers. The retail properties have a total of approximately 34.2 million square feet. The ground-up development portion of its portfolio contains four properties in two states, with two classified as mixed use (a combination of retail and other uses), one classified as retail and one classified as other. |
