On the Move: Joseph F. Coradino


There are big changes afoot at Pennsylvania Real Estate Investment Trust. The Trustees have announced that Joseph F. Coradino will become Chief Executive Officer of the Company as of the Company’s Annual Meeting of Shareholders on June 7, 2012, succeeding Ronald Rubin, who will serve as Executive Chairman.

Coradino has been with PREIT and its predecessor for three decades. He is currently President of PREIT Services, LLC and PREIT-RUBIN, Inc.

“Joe Coradino has been a highly valued member of our management team for more than 30 years and is one of the most talented and effective executives in the commercial real estate industry today,” said Ronald Rubin. “He has played an integral role in developing and executing PREIT’s strategic priorities, including driving ongoing improvement in the operating and sales performance of our mall portfolio. As we work to further build our leadership position in the shopping center industry, Joe is the ideal person to head PREIT. Our Board of Trustees and management team look forward to a seamless transition and to supporting Joe as our new Chief Executive.”

Coradino is looking forward to the honor of leading PREIT into its next stage of growth and success.
“We are operating from a position of strength today given the strides we have made in our development and redevelopment programs, diversifying our revenue streams and increasing occupancy, and improving our margins,” he said. “With this strong foundation in place, we are poised to continue creating compelling experiences for our tenants and shoppers at our properties, as well as further enhancing value for our shareholders. As we do this, I am delighted to be able to continue to benefit from the unparalleled expertise and experience that Ron Rubin has long brought to PREIT.”

Congratulations to Joseph on his new role.

Have you recently made a move or welcomed someone new to the team? Let us know, and you could be featured in our next On the Move.


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