Financial Services >> CEO Interviews >> February 16, 2004

JONATHAN WELLER – PENNSYLVANIA REAL ESTATE INVESTMENT TRUST (PEI)

JONATHAN B. WELLER joined Pennsylvania Real Estate Investment Trust in 1994. He is currently Vice Chairman and a member of the Board of Trustees. PREIT is a publicly owned real estate investment trust with a market cap of approximately $3.1 billion whose shares are traded on the New York Stock Exchange. Prior to joining the trust, Mr. Weller spent 23 years with Eastdil Realty, Inc., a real estate investment banking firm in New York, where he was Executive Vice President and a member of the Board of Directors and Investment Committee. His professional associations include the National Association of Real Estate Investment Trusts, the Urban Land Institute and the International Council of Shopping Centers. Mr. Weller is the Chairman of the Lower Merion Conservancy, an organization whose mission is to conserve open space, preserve historical structures and protect the environment. Mr. Weller is also a member of the Board of Ramapo Anchorage Camp, which serves children with a wide range of emotional, behavioral and learning problems. Profile
TWST: Please start with a capsule summary of Pennsylvania Real Estate

Investment Trust.

Mr. Weller: Pennsylvania Real Estate Investment Trust is a $3.2 billion

company, and is listed on the