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 Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Swann Christopher
C/O PENN. REAL ESTATE INVESTMENT TRUST
2005 MARKET STREET, SUITE 1000
PHILADELPHIA, PA 19103		 X



Signatures
/s/ Christopher Swann 8/6/2022
**Signature of Reporting Person Date

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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