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Pennsylvania REIT touts residential, hotel development opportunities

Pennsylvania Real Estate Investment Trust said it has the opportunity to "revolutionize" its platform with developments of residential and hotel units across its portfolio.

The regional mall REIT noted that its portfolio offers densification opportunities including between 5,000 and 7,000 residential units in the Philadelphia and Washington, D.C., markets and 1,500 to 3,000 hotel units across a dozen properties.