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Brandywine Looking to Buy, Sell Assets

RADNOR, PA-Management also predicts that traffic will pick up the metro Philadelphia area by the end of the year.

By Ian Ritter | Updated on July 29, 2010

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.”

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