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Philly’s biggest mall owner wants to build thousands of apartments on its properties to help pay its debts

Towns with PREIT malls face proposals for thousands of apartments as the company pivots into real estate.

An empty storefront at the Exton Square Mall. The Pennsylvania Real Estate Investment Trust has said it's selling the mall with a 50% tenant vacancy for $27.5 million.
An empty storefront at the Exton Square Mall. The Pennsylvania Real Estate Investment Trust has said it's selling the mall with a 50% tenant vacancy for $27.5 million.Read moreTOM GRALISH / Staff Photographer