This addition represents a continued, strategic shift in PREIT's mix of tenancy across its properties, curating diverse and expansive environments marked by a healthy mix of multifamily housing, hotels, entertainment, dining, health & wellness, working space, and local small business retail.
"This addition furthers PREIT's strategic efforts to attract innovative tenants and redefine our high barrier-to-entry portfolio with a unique mix of uses that serves our communities," said
PREIT's high barrier-to-entry market portfolio is comprised of its
Over the course of the past decade the Company has made steady progress towards this transformation, reimagining its mall properties through the introduction of a variety of uses including entertainment venues, extensive dining programs, off-price and value purveyors, fitness centers and traditional open-air tenancy. Cooper will join other unique tenancy at
PREIT (NYSE:PEI) is a publicly traded real estate investment trust that owns and manages distinctive real estate in high barrier-to-entry markets at the forefront of shaping consumer experiences through the built environment. PREIT's robust portfolio of carefully curated retail and lifestyle offerings mixed with destination dining and entertainment experiences are located primarily in densely-populated, high barrier-to-entry markets with tremendous opportunity to create vibrant multi-use destinations. Additional information is available at www.preit.com or on Twitter or LinkedIn.
Forward Looking Statements
This press release contains certain forward-looking statements that can be identified by the use of words such as "anticipate," "believe," "estimate," "expect," "project," "intend," "may" or similar expressions. Forward-looking statements relate to expectations, beliefs, projections, future plans, strategies, anticipated events, trends and other matters that are not historical facts. These forward-looking statements reflect our current expectations and assumptions regarding our business, the economy and other future events and conditions and are based on currently available financial, economic and competitive data and our current business plans. Actual results could vary materially depending on risks, uncertainties and changes in circumstances that may affect our operations, markets, services, prices and other factors as discussed in the Risk Factors section of our other filings with the
Additional factors that might cause future events, achievements or results to differ materially from those expressed or implied by our forward-looking statements include those discussed herein, and in the sections entitled "Item 1A. Risk Factors" in our Annual Report on Form 10-K for the year ended
View original content to download multimedia:http://www.prnewswire.com/news-releases/preit-and-cooper-university-health-care-finalize-transaction-for-moorestown-location-301294342.html