Financial Digest

PREIT Sells Whole Foods Site at Montgomery County Mall for $27 Million

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PREIT has sold a Whole Foods-leased parcel at a MontcoPA mall for $27 million, part of the real estate investment trust's ongoing plan to raise capital, reports PHLBizJournal.

ince the beginning of 2022, PREIT has sold assets generating $141 million. Asset sales and excess cash from operations went toward paying down $184 million in debt in 2022.

 

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