PEI - PREIT gets two new independent trustees representing preferred shareholders

• Christopher Swann and Kenneth Hart were elected to Pennsylvania REIT 's ( NYSE: PEI ) board of trustees by the company's preferred shareholders, the company said Tuesday.
• Swann has more than a decade of experience in restructuring distressed commercial real estate and real estate-backed debt. He is currently president and CEO of Cygnus Capita, a real estate and alternative asset investment management company.
• Kenneth Hart has been the principal with Hart Capital Management, a value-oriented investor focused mainly on real estate-related entities, since 1990. Before that, he was a vice president of GE Capital Corporate Finance Group, specializing in leverage buyouts from 1987 to 1989.
• In July, the company known as PREIT paid down $82M of debt through asset sales, excess cash

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