PHILADELPHIA-Management for the company, presenting in Chicago at REIT Week, said this is one of a few deleveraging options.
By Ian Ritter|June 09, 2010 at 01:48 PM
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PHILADELPHIA-Pennsylvania Real Estate Investment is currently 60% leveraged and one of the ways management could lessen that number is by selling noncore assets, including some of its portfolio of 13 open-air and power centers. “In today’s market, smaller assets tend to be a little more liquid and a little more attractive to investors,” said CFO Robert McFadden, speaking at the annual REIT Week convention in Chicago.
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