Brandywine Realty Trust, Plymouth Meeting, Pa., has announced an agreement by its operating partnership, Brandywine Operating Partnership LP, to sell $275 million of 4.50% unsecured notes and $250 million of 5.40% unsecured notes.The notes are due Nov. 1, 2009, and Nov. 1, 2014, respectively. The real estate investment trust said its operating partnership plans to use the net proceeds of the offering to repay debt. J.P. Morgan Securities Inc. and Bear, Stearns & Co. are the joint book-running managers of the offering. The REIT can be found online at http://www.brandywinerealty.com.
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