Springfield Mall Teen Board
Springfield, Pennsylvania

Nov. 18, 2005--Pennsylvania Real Estate Investment Trust ("PREIT") (NYSE: PEI) and Simon Property Group (NYSE: SPG)
("Simon") announced today that they have completed the previously-announced acquisition of Springfield Mall in Springfield, PA

PREIT and an affiliate of Kravco Simon Investments, L.P., each have a 50% ownership interest in the property.

Under the new marketing department, the Teen Board program was has been dissolved. This site remains as an archive
to those teens, who made valubale contributions not only to the mall but to the community from 2003 through 2005.


To view Teen Board that are currently active, go to http://www.teenboardprograms.com