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Form 3 PENNSYLVANIA REAL ESTATE For: Aug 02 Filed by: Swann Christopher

August 12, 2022 7:25 PM EDT

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FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Swann Christopher

(Last) (First) (Middle)
C/O PENN. REAL ESTATE INVESTMENT TRUST
2005 MARKET STREET, SUITE 1000

(Street)
PHILADELPHIA PA 19103

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
08/02/2022
3. Issuer Name and Ticker or Trading Symbol
PENNSYLVANIA REAL ESTATE INVESTMENT TRUST [ PEI ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Shares of Beneficial Interest, par value $1.00 per share 66
D
 
Shares of Beneficial Interest, par value $1.00 per share 12,666
I
Shared ownership with the Reporting Person's spouse
Shares of Beneficial Interest, par value $1.00 per share 54,590
I
Owned by Cygnus Opportunity Fund, LLC
Shares of Beneficial Interest, par value $1.00 per share 42,021
I
Owned by Cygnus Property Fund IV, LLC
Series B Preferred Shares, par value $0.01 per share 74,398
I
Owned by Cygnus Opportunity Fund, LLC
Series B Preferred Shares, par value $0.01 per share 42,963
I
Owned by Cygnus Property Fund IV, LLC
Series B Preferred Shares, par value $0.01 per share 147,802
I
Owned by Cygnus Property Fund V, LLC
Series B Preferred Shares, par value $0.01 per share 52,923
I
Owned by Cygnus Property Fund VI, LLC
Series C Preferred Shares, par value $0.01 per share 111,416
I
Owned by Cygnus Opportunity Fund, LLC
Series C Preferred Shares, par value $0.01 per share 74,879
I
Owned by Cygnus Property Fund IV, LLC
Series C Preferred Shares, par value $0.01 per share 210,479
I
Owned by Cygnus Property Fund V, LLC
Series C Preferred Shares, par value $0.01 per share 58,750
I
Owned by Cygnus Property Fund VI, LLC
Series D Preferred Shares, par value $0.01 per share 4,000
D
 
Series D Preferred Shares, par value $0.01 per share 136,744
I
Owned by Cygnus Opportunity Fund, LLC
Series D Preferred Shares, par value $0.01 per share 30,749
I
Owned by Cygnus Property Fund IV, LLC
Series D Preferred Shares, par value $0.01 per share 166,000
I
Owned by Cygnus Property Fund V, LLC
Series D Preferred Shares, par value $0.01 per share 156,922
I
Owned by Cygnus Property Fund VI, LLC
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
/s/ Christopher Swann 08/06/2022
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
                               POWER OF ATTORNEY

Know all by these presents, that the undersigned hereby constitutes and appoints
each of Mario C. Ventresca, Jr. and Lisa M. Most as the undersigned's true and
lawful attorney-in-fact to:

(1) execute for and on behalf of the undersigned, in the undersigned's capacity
as an officer and/or trustee of Pennsylvania Real Estate Investment Trust (the
"Company"), Forms 3, 4, and 5 in accordance with Section 16(a) of the Securities
Exchange Act of 1934 and the rules thereunder, as amended, and any other forms
or reports the undersigned may be required to file in connection with the
undersigned's ownership, acquisition, or disposition of securities of the
Company;

(2) do and perform any and all acts for and on behalf of the undersigned which
may be necessary or desirable to complete and execute any such Form 3, 4, or 5,
or other form or report (and any amendments thereof) and timely file such form
or repot1 with the United States Securities and Exchange Commission and any
stock exchange or similar authority; and

(3) take any other action of any type whatsoever in connection with the
foregoing which, in the opinion of the attorney-in-fact, may be of benefit to,
in the best interest of, or legally required by, the undersigned, it being
understood that the documents executed by the attorney-in-fact on behalf of the
undersigned pursuant to this Power of Attorney shall be in such form and shall
contain such information as the attorney-in-fact may approve in the
attorney-in-fact's discretion.

The undersigned hereby grants to each attorney-in-fact full power and authority
to do and perform any and every act and thing whatsoever requisite, necessary,
or proper to be done in the exercise of any of the rights and powers herein
granted, as fully to all intents and purposes as the undersigned might or could
do if personally present, with full power of substitution or revocation, hereby
ratifying and confirming all that each attorney-in-fact, or the
attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be
done by virtue of this power of attorney and the rights and powers herein
granted. None of the foregoing attorneys-in-fact shall incur any liability to
the undersigned for acting or refraining from acting under this Power of
Attorney, except for such attorney's own willful misconduct or gross negligence.
The undersigned acknowledges that each of the foregoing attorneys-in-fact, in
serving in such capacity at the request of the undersigned, is not assuming, nor
is the Company assuming, any of the undersigned's responsibilities to comply
with Section 16 of the Securities Exchange Act of 1934.

This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3, 4, and 5 with respect to the
undersigned's holdings of and transactions in securities issued by the Company,
unless earlier revoked by the undersigned in a signed writing delivered to each
attorney-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of this 12th day of August, 2022.


By /s/ Christopher Swann
Name Christopher Swann




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