PREIT to Turn Mall Into Apartments: Will More Mall Operators Follow?

In fact, PREIT (NYSE: PEI) was forced to file for bankruptcy in November, and while it's since emerged, it needs to shore up its cash flow and find ways to put sluggish space to good use. In this regard, PREIT may already be moving in a positive direction. The question is: Will more mall operators seek to follow PREIT's lead?