Complex sentence: The Pennsylvania Real Estate Investment Trust (PREIT) acquired Gallery I in April 2003 from The Rouse Company and Gallery II in the third fiscal quarter of 2004 from the state's Public School Employees' Retirement System.
Split into simpler sentences: The Pennsylvania Real Estate Investment Trust (PREIT) acquired Gallery I in April 2003 from The Rouse Company. They acquired Gallery II in the third fiscal quarter of 2004 from the state's Public School Employees' Retirement System.