RADNOR, PA-The management of Brandywine Realty Trust is looking to both sell and buy assets and is monitoring the transaction situation in its core markets and surrounding areas. Right now, the firm has $20 million in dispositions in the due diligence phase and there are nine properties in its core markets that executives would like to sell.

On the buying end, Brandywine is targeting value-added assets in CBD's with vacancy. Company president and CEO Gerard Sweeney said during its Q2 conference call that he expects the firm to execute "a transaction or two some time this year."

The company could see more opportunities locally, according to Sweeney, who predicted a higher volume of transactions in the Philadelphia area in the coming year. Brandywine wants to "take advantage of those opportunities," he said.

One market that the firm probably won't make a purchase in any time soon is Washington, DC, which is currently seeing more high-profile sales than pretty much any US market. Assets are starting to trade higher than their replacement costs, though, asserted Brandwine's management.

Management was encouraged by leasing activity in the second quarter, but the company's financials deteriorated a bit during the period. Brandywine reported a $7.6-million net loss, and funds from operations came in at $46.6 million, down from $59.2 million during the same year-ago period.