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Brandywine Realty generates $137M of asset sales

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Summary
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84% Informative

Brandywine Realty (BDN) Trust announced the completion of two significant sales within joint venture portfolio: 4040 Wilson , a mixed-use development in Arlington , VA , and the Dabney and Brittons Hill portfolio in Richmond , VA .

The company has generated gross sales proceeds of approximately $310M and $ 191 M of net cash proceeds.

The proceeds from these transactions will further strengthen the balance sheet and support reinvestment in strategic initiatives that align with the company’s vision and market strategy.