/PRNewswire/ PREIT (NYSE: PEI) today reported results for the three and six months ended June 30, 2022. A description of each non-GAAP financial measure and.
PHILADELPHIA, PA - PREIT (NYSE: PEI), today, announced that it has sold two additional assets for $14.2 million. The Moorestown Mall land was sold for approximately $12 million and will be the site of 375 residential units. This transaction represents PREIT s second multifamily land sale following an Exton Square Mall transaction that yielded approximately 350 units.
Additionally, the Company has closed on the sale of an outparcel to Four Corners Property Trust for $2.4 million. PREIT expects.