Acquiring Company
Namdar Realty Group
Acquired Company
Pennsylvania Real Estate Investment Trust (PREIT)
Description
Namdar Realty Group, along with Mason Asset Management and CH Capital Group, is set to acquire the Willow Grove Park Mall from Pennsylvania Real Estate Investment Trust (PREIT) in a lender-directed sale. This transaction includes a significant portion of the mall and its associated debt. The sale comes as PREIT has faced financial struggles and aims to offload some of its retail properties. The acquisition is expected to be completed soon.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Pennsylvania Real Estate Investment Trust (PREIT)?
Pennsylvania Real Estate Investment Trust (PREIT) was acquired by Namdar Realty Group, based in New York. The deal was reported on August 20, 2026. Namdar Realty Group is a real estate investment firm focused on acquiring and managing retail and mixed-use properties. Known for purchasing distressed assets, the company has a significant presence in suburban markets. Namdar Realty Group is privately held and operates in Real Estate.
When did Namdar Realty Group acquire Pennsylvania Real Estate Investment Trust (PREIT)?
Namdar Realty Group's acquisition of Pennsylvania Real Estate Investment Trust (PREIT) was reported on August 20, 2026. Namdar Realty Group, along with Mason Asset Management and CH Capital Group, is set to acquire the Willow Grove Park Mall from Pennsylvania Real Estate Investment Trust (PREIT) in a lender-directed sale. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Pennsylvania Real Estate Investment Trust (PREIT) do?
Pennsylvania Real Estate Investment Trust is a publicly traded real estate investment trust focused on shopping malls and other retail properties. It is privately held, operating in Real Estate, and is based in Philadelphia.
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