Preit Associates LP

Established in 1960, the Pennsylvania Real Estate Investment Trust was one of the first equity REITs in the United States. It has a primary investment focus on retail shopping malls and power centers located in the eastern United States. PREIT s portfolio consists of more than 50 properties in nearly 15 states. This includes nearly 40 shopping malls, more than 10 strip and power centers and one office building. The company s properties are located in Alabama, Florida, Maryland, Massachusetts, New Jersey, Michigan, North Carolina, Pennsylvania, South Carolina, Virginia, West Virginia and Wisconsin. Pennsylvania Real Estate Investment Trust maintains its corporate headquarters in Philadelphia.

Hersha Hospitality Trust, founded in 1984, specializes in owning and operating luxury and lifestyle hotels in urban gateway and regional resort markets. With a portfolio of 19 hotels totaling 3,119 rooms across key locations such as New York, Washington DC, Boston, Philadelphia, South Florida, and California, the company focuses on high RevPAR and EBITDA growth hotels in innovation-driven environments. Hersha's strategic approach involves segmented local clusters that enhance operational advantages and leverage local knowledge to drive performance in core markets. The company has received accolades such as the Cond Nast Traveler Readers Choice Award for properties like The Rittenhouse Hotel in Philadelphia and The Envoy in Boston Seaport. Generated from the website

Lubert-Adler is a real estate private equity firm that specializes in redevelopments through joint ventures with local operating partners. Since its inception in 1997, Lubert-Adler has invested in more than $15 billion of real estate assets. The firm invests in multifamily homes, residential resorts, market apartments, condominiums, and retail, industrial and office facilities. It also engages in selective ground-up developments and redevelopment through public and private joint ventures. The firm consists of more than 30 investment professionals who specialize in mergers and acquisitions, capital markets, redevelopments and asset management. With a location in Philadelphia, Lubert-Adler also maintains offices in Baltimore, Md., Atlanta, New York City and Los Angeles.