Three years after entering and exiting chapter 11 bankruptcy protection, the Pennsylvania Real Estate Investment Trust may have to do it all over again, The Real Deal reported. The biggest storm cloud hovering over PREIT is $1 billion in credit facilities, primarily held by Wells Fargo. The maturity date on those facilities is Dec. 10 and the company doesn’t have any more options to extend the deadline. This matches the rest of the company’s financial picture. In the third quarter, PREIT posted a net loss of $63.9 million. Same-store net operating income dropped 5.3 percent year-over-year, while core mall total occupancy and core mall non-anchor occupancy also decreased annually.
