RADNOR, PA-The management of Brandywine Realty Trust is lookingto both sell and buy assets and is monitoring the transactionsituation in its core markets and surrounding areas. Right now, thefirm has $20 million in dispositions in the due diligence phase andthere are nine properties in its core markets that executives wouldlike to sell.
On the buying end, Brandywine is targeting value-added assets inCBD's with vacancy. Company president and CEO Gerard Sweeney saidduring 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 toSweeney, who predicted a higher volume of transactions in thePhiladelphia area in the coming year. Brandywine wants to "takeadvantage of those opportunities," he said.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
