Brandywine Realty Trust, Plymouth Meeting, Pa., has announced an agreement by its operating partnership, Brandywine Operating Partnership LP, to sell $300 million of 5.625% unsecured notes due Dec. 15, 2010.The real estate investment trust said the operating partnership plans to use the net proceeds of the offering to fund a portion of the cash consideration in a pending merger with Prentiss Properties Trust. J.P. Morgan Securities Inc. and Banc of America Securities LLC are the joint book-running managers of the offering. The REIT can be found online at http://www.brandywinerealty.com.
Processing Content
