Glickman: Scaling back has been PREIT's recession MO

02/21/2010 | REIT.com

Getting employment numbers up will be key to Pennsylvania Real Estate Investment Trust's long-term prospects, President and Chief Operating Officer Ed Glickman says. "Workers shop so their prosperity is critical to our business," he says. Given the high unemployment of the last two years, PREIT responded with several moves including scaling back on development. "Instead we have been focusing on building up the properties we have," he says.

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