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PREIT

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2023

    Second Chapter 11 bankruptcy proceeding

    PREIT filed for Chapter 11 protection again in December 2023 and completed the restructuring in April 2024. It emerged as a private, lender-owned company, marking a major change in ownership and corporate structure.

    Source

  2. 2020

    First Chapter 11 bankruptcy proceeding

    PREIT filed for Chapter 11 protection in November 2020 and emerged from the proceeding in December of the same year. The filing reflected financial pressure on the retail real estate business and required a court-supervised restructuring.

    Source