Brandywine sells stake in Austin office portfolio, netting $271.6M

09/17/2013 | American City Business Journals

Brandywine Realty Trust is selling a 50% stake in an 11-building, 1.4 million-square-foot office portfolio in Austin, Texas, to DRA Advisors. Brandywine will realize $271.6 million from the transaction. Brandywine and DRA intend to jointly acquire additional properties in Austin.

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