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PREIT Sells New Jersey Mall for $45 Million to Kohan Retail Investment

Financially Troubled REIT Makes Latest Move to Raise Capital

Cumberland Mall in Vineland, New Jersey, is the latest property that Pennsylvania Real Estate Investment Trust has sold. (CoStar)
Cumberland Mall in Vineland, New Jersey, is the latest property that Pennsylvania Real Estate Investment Trust has sold. (CoStar)

Pennsylvania Real Estate Investment Trust has sold one of its New Jersey malls for $45 million to Kohan Retail Investment Group, that landlord's second recent purchase in the Garden State.

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