Login

Brandywine Closes On $3.3 Billion Prentiss Merger

REIT Finalizes Deal to Joins Forces With Prentiss Properties Trust
By Kenny Cooper
January 19, 2006 | 9:01 P.M.

Brandywine Realty Trust has merged with Prentiss Properties Trust. The combined company will conduct business as Brandywine Realty Trust. As part of this transaction, Brandywine has acquired certain Prentiss Properties’ assets in Washington, DC, northern and southern California, and all its properties in Austin and Dallas, TX, as well as related land holdings. Brandywine now owns/manages a portfolio of 49 million square feet of space with a total market capitalization of $6 billion, making it one of the largest office REITs in the industry. Prudential Real Estate Advisors also closed on its acquisition of approximately $753 million of assets of Prentiss assets.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In