Posts Tagged ‘Pennsylvania Real Estate Investment Trust’
Mensch of the Week - 5/21/10
May 14th, 2010 | 
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Last week I introduced a Canadian REIT CEO as the first Mensch of the Week. Keeping with the REIT theme, I do hereby officially name the late, great founder of Pennsylvania Real Estate Investment Trust (PREIT), Sylvan M. Cohen as our Mensch of the Week. Although Mr. Cohen is no longer with us, his company most certainly is as they made headlines on May 11 for celebrating PREIT’s 50th birthday. A day earlier PREIT raised $160.6M in an offering of common stock. In keeping with a REIT’s leverage common leverage structure, PREIT plans on using all of the proceeds to pay down debt on its outstanding 2010 credit facility. Read the rest of this entry »
Posted in Mensch/Schmuck of the Week | 
Tags: 50th anniversary, birthday, common stock, community centers, credit facility, development properties, Nick Montoya, Pennsylvania Real Estate Investment Trust, PREIT, REIT, Ronald Rubin, shopping malls, Sylvan M. Cohen, University of Pennsylvania, Wharton | 
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