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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Swann Christopher
2. Date of Event Requiring Statement (MM/DD/YYYY)
8/2/2022 

3. Issuer Name and Ticker or Trading Symbol

PENNSYLVANIA REAL ESTATE INVESTMENT TRUST [PEI]
(Last)        (First)        (Middle)

C/O PENN. REAL ESTATE INVESTMENT TRUST, 2005 MARKET STREET, SUITE 1000
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                          _____ 10% Owner
_____ Officer (give title below)        _____ Other (specify below)
(Street)

PHILADELPHIA, PA 19103      

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed(MM/DD/YYYY)
 

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 12666 I Shared ownership with the Reporting Person's spouse 
Shares of Beneficial Interest, par value $1.00 per share 54590 I Owned by Cygnus Opportunity Fund, LLC 
Shares of Beneficial Interest, par value $1.00 per share 42021 I Owned by Cygnus Property Fund IV, LLC 
Series B Preferred Shares, par value $0.01 per share 74398 I Owned by Cygnus Opportunity Fund, LLC 
Series B Preferred Shares, par value $0.01 per share 42963 I Owned by Cygnus Property Fund IV, LLC 
Series B Preferred Shares, par value $0.01 per share 147802 I Owned by Cygnus Property Fund V, LLC 
Series B Preferred Shares, par value $0.01 per share 52923 I Owned by Cygnus Property Fund VI, LLC 
Series C Preferred Shares, par value $0.01 per share 111416 I Owned by Cygnus Opportunity Fund, LLC 
Series C Preferred Shares, par value $0.01 per share 74879 I Owned by Cygnus Property Fund IV, LLC 
Series C Preferred Shares, par value $0.01 per share 210479 I Owned by Cygnus Property Fund V, LLC 
Series C Preferred Shares, par value $0.01 per share 58750 I Owned by Cygnus Property Fund VI, LLC 
Series D Preferred Shares, par value $0.01 per share 4000 D  
Series D Preferred Shares, par value $0.01 per share 136744 I Owned by Cygnus Opportunity Fund, LLC 
Series D Preferred Shares, par value $0.01 per share 30749 I Owned by Cygnus Property Fund IV, LLC 
Series D Preferred Shares, par value $0.01 per share 166000 I Owned by Cygnus Property Fund V, LLC 
Series D Preferred Shares, par value $0.01 per share 156922 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 Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares

Explanation of Responses:

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Swann Christopher
C/O PENN. REAL ESTATE INVESTMENT TRUST
2005 MARKET STREET, SUITE 1000
PHILADELPHIA, PA 19103
X



Signatures
/s/ Christopher Swann8/6/2022
**Signature of Reporting PersonDate


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 5(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 control number.
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