New Chapter 11 Bankruptcy Filing - Pennsylvania Real Estate Investment Trust ($PEI)
"Trickle up" effect from struggling retailers dooms REIT.
🛍New Chapter 11 Bankruptcy Filing - Pennsylvania Real Estate Investment Trust🛍
This statement — from Pennsylvania Real Estate Investment Trust’s CFO in that company’s recently filed chapter 11 bankruptcy papers — encapsulates why a mall-oriented real estate investment trust might file for bankruptcy:
…faced with a once-in-a-century global pandemic, whic…