PREIT to relinquish primary control of Fashion District Philadelphia under bankruptcy agreement

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December 17, 2020, 11:27 pm

PREIT will relinquish "substantial control" over Fashion District Philadelphia to partner Macerich as it exits Chapter 11 bankruptcy, according to SEC documents. PREIT's CEO and CFO will also be compensated for lost pay.

https://www.bizjournals.com/philadelphia/news/2020/12/17/post-bankruptcy-preit-…

PREIT to relinquish primary control of Fashion District Philadelphia under bankruptcy agreement

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