pennsylvania real estate investment trust type public traded as nyse pei industry real estate founded 1960 1960 founder sylvan m. cohen headquarters philadelphia pennsylvania united states area served north america key people ronald rubin executive chairman joseph f. coradino ceo website http www.preit.com the pennsylvania real estate investment trust preit nyse pei is one of the first publicly traded real estate investment trusts established in 1960 by sylvan m. cohen died september 8 2001 . the preit corporate offices are located in philadelphia pennsylvania . the company owns and operates over 25 million square feet of retail focusing on shopping centers in the eastern united states particularly in the mid atlantic states of pennsylvania new jersey and maryland . the company has large number of assets in the philadelphia and washington dc metro markets . in 1997 preit merged with the rubin organization a commercial property development and management firm . in 2003 the firm changed its strategic focus from a diversified property base to retail . during that year preit acquired six shopping malls from the rouse company sold several multifamily residential properties and completed a merger with crown american realty trust . 1 as of june 7 2012 joseph f. coradino is the chief executive officer . 2 since 2012 the company has driven a transformation guided by an emphasis on balance sheet strength high quality merchandising and disciplined capital expenditures . list of malls edit preit malls 3 mall location metro area notes francis scott key mall frederick maryland washington d.c. valley mall hagerstown maryland hagerstown maryland the mall at prince georges hyattsville maryland washington d.c. dartmouth mall dartmouth massachusetts new bedford massachusetts woodland mall grand rapids michigan grand rapids michigan cherry hill mall cherry hill new jersey philadelphia pennsylvania hudson mall jersey city new jersey new york city managed property moorestown mall moorestown new jersey philadelphia pennsylvania cumberland mall vineland new jersey philadelphia pennsylvania jacksonville mall jacksonville north carolina jacksonville north carolina lehigh valley mall allentown pennsylvania allentown pennsylvania 50 % ownership with simon property group . simon manages the mall 4 logan valley mall altoona pennsylvania altoona pennsylvania capital city mall camp hill pennsylvania harrisburg pennsylvania exton square mall exton pennsylvania philadelphia pennsylvania beaver valley mall center township beaver county pennsylvania pittsburgh pennsylvania fashion outlets of philadelphia philadelphia pennsylvania philadelphia pennsylvania 50 % ownership with macerich 5 plymouth meeting mall plymouth meeting pennsylvania philadelphia pennsylvania viewmont mall scranton pennsylvania scranton wilkes barre pennsylvania susquehanna valley mall selinsgrove pennsylvania selinsgrove pennsylvania managed property 6 springfield mall springfield pennsylvania philadelphia pennsylvania 50 % ownership with simon property group 4 wyoming valley mall wilkes barre pennsylvania scranton wilkes barre pennsylvania willow grove park mall willow grove pennsylvania philadelphia pennsylvania magnolia mall florence south carolina florence south carolina patrick henry mall newport news virginia norfolk virginia springfield town center springfield virginia washington d.c. crossroads mall beckley west virginia beckley west virginia valley view mall la crosse wisconsin la crosse wisconsin references edit preit company history . retrieved december 12 2006 . joseph coradino becomes chief executive officer of preit 06 07 2012 . enclosed malls . preit . retrieved october 16 2010 . a b supplemental financial and operating information . preit . june 30 2010 . retrieved 2010 10 19 . distefano joseph n. july 31 2014 . mall developer macerich co. to invest 106.8 m in gallery revival effort . the philadelphia inquirer . retrieved february 15 2015 . strawser justin july 21 2016 . valley mall will not be sold . the daily item . retrieved 22 july 2016 . external links edit company website v t e pennsylvania real estate investment trust properties maryland francis scott key mall the mall at prince georges valley mall massachusetts dartmouth mall michigan woodland mall new jersey cherry hill mall cumberland mall hudson mall moorestown mall new york arnot mall north carolina jacksonville mall pennsylvania beaver valley mall capital city mall exton square mall the gallery at market east 50 % remaining share owned by macerich lehigh valley mall 62.4 % remaining share owned by simon property group managed by simon logan valley mall plymouth meeting mall springfield mall 50 % remaining share owned by simon susquehanna valley mall managed property viewmont mall washington crown center willow grove park mall wyoming valley mall south carolina magnolia mall virginia patrick henry mall springfield town center west virginia crossroads mall wisconsin valley view mall retrieved from https en.wikipedia.org w index.php title pennsylvania real estate investment trust & oldid 743746548 categories companies listed on the new york stock exchangecompanies based in philadelphiaamerican companies established in 1960shopping property management firmsreal estate investment trusts of the united statespennsylvania real estate investment trustreal estate companies of the united states1960 establishments in pennsylvania navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page 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