 In March 2003, The Rouse Company made an agreement with Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) to acquire 50% stake in Christiana.Rouse received its stake in Christiana and $225 million in cash in exchange PREIT would receive six malls and assume $285 million in mortgage debt.PREIT would also hand over $38 million worth of stock to a partnership controlled by its executives that held the stake in Christiana.