To Shore Up Balance Sheets, REITs Like Brandywine Look to Divest Non-Core Assets
Continue Reading Add comment October 7th, 2009
With loans still hard to come by, Brandywine Realty Trust is shoring up
its balance sheet, reducing leverage and preparing for investment
opportunities with the disposition of non-core assets, including two
properties in Trenton, N.J. The REIT just completed the sale of the
office buildings at 33 W. State St. and 50 E. State St., totaling
474,000 square feet, to a private investment group.