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Struggling Philly real estate owner PREIT sells another mall to pay down its debt

Pennsylvania Real Estate Investment Trust has sold the Cumberland Mall in Vineland to an undisclosed buyer for $45 million, allowing it pay off the mall’s mortgage.

The Pennsylvania Real Estate Investment Trust has sold the Cumberland Mall in Vineland for $45 million. The mall operator did not disclose the buyer.
The Pennsylvania Real Estate Investment Trust has sold the Cumberland Mall in Vineland for $45 million. The mall operator did not disclose the buyer.Read morePennsylvania Real Estate Investment Trust