Brandywine Realty Trust Completes $107.6 Million Sale of Barton Skyway Properties to City of Austin
Brandywine Realty Trust Completes $107.6 Million Sale of Barton Skyway Properties to City of Austin
The properties were sold for $107.6 million, which equates to $275 per square foot.Brandywine Realty Trust sold One and Two Barton Skyway in Austin for $107.6 million to the City of Austin.
布兰迪维因不动产信托以10760万美金将奥斯丁的一号和二号巴顿天际线出售给奥斯丁市。
Quiver AI Summary
Quiver AI 概要
Brandywine Realty Trust has completed the sale of One and Two Barton Skyway in Austin to the City of Austin for $107.6 million. The 386,000-square-foot facility, sold for approximately $275 per square foot, will serve as a consolidated public safety headquarters. Jerry Sweeney, the company's President & CEO, stated that this sale aligns with their capital recycling strategy and strengthens their financial position to pursue further investment opportunities. Despite the sale, Brandywine remains committed to the Austin market, evidenced by ongoing developments like 405 Colorado and the Uptown ATX project. The sale is part of Brandywine's strategy to maintain liquidity and focus on high-quality investments in rapidly growing markets like Austin, which boasts significant job growth and major corporate expansions.
布兰迪维因不动产信托已完成将奥斯丁的一号和二号巴顿天际线以10760万美金出售给奥斯丁市。这栋386,000平方英尺的设施以每平方英尺约275美金的价格出售，将作为一个综合公共安全总部。公司总裁兼首席执行官Jerry Sweeney表示，此次出售与他们的资本回收策略一致，并增强了他们追求进一步投资机会的财务状况。尽管出售，布兰迪维因仍然致力于奥斯丁市场，正在进行的开发项目如405科罗拉多和Uptown ATX项目都证明了这一点。此次出售是布兰迪维因维持流动性并专注于快速增长市场中高质量投资的策略的一部分，奥斯丁有着显著的就业增长和重大企业扩张。
Potential Positives
潜在的积极因素
- Brandywine Realty Trust successfully executed a significant asset sale, closing the transaction for One and Two Barton Skyway for $107.6 million, which enhances their capital liquidity.
- The sale aligns with Brandywine's long-term capital recycling and portfolio management strategy, enabling them to focus on high-value investment opportunities.
- The company retains ownership of Four Barton Skyway, which is currently 94% leased, indicating strong operational performance in their remaining assets.
- Austin's rapid economic growth and development as a hub for major corporations further supports the strategic importance of Brandywine's continued investment in the market.
- 布兰迪维因不动产信托成功执行了一项重要的资产出售，关闭了10760万美金的一号和二号巴顿天际线交易，这增强了他们的资本流动性。
- 此次出售与布兰迪维因的长期资本回收和投资组合管理策略一致，使他们能够专注于高价值投资机会。
- 该公司保留了四号巴顿天际线的所有权，目前出租率为94%，表明其剩余资产的运营表现强劲。
- 奥斯丁快速的经济增长和发展成为主要企业的中心进一步支持了布兰迪维因在该市场持续投资的战略重要性。
Potential Negatives
潜在负面影响
- Sale of One and Two Barton Skyway may indicate a strategic downsize in a competitive real estate market, raising concerns about the company's long-term growth and commitment to the Austin area.
- The reliance on capital recycling to strengthen the balance sheet may signal underlying financial pressures, suggesting a need to liquidate assets rather than acquire new ones.
- The overall real estate market's competitiveness could impact future investment opportunities, potentially limiting Brandywine's ability to pursue lucrative projects in key markets.
- 出售巴顿天际线一号和二号可能表明在竞争激烈的房地产市场中出现战略性缩减，这引发了人们对公司长期增长和对奥斯汀地区承诺的担忧。
- 依靠资本回收来增强资产负债表可能会暗示潜在的财务压力，这表明需要出售资产而不是收购新资产。
- 整体房地产市场的竞争力可能会影响未来的投资机会，这可能限制布兰迪维因在关键市场中追求有利项目的能力。
FAQ
FAQ
What properties did Brandywine Realty Trust sell?
布兰迪维因不动产信托出售了哪些物业？
Brandywine Realty Trust sold One and Two Barton Skyway, located at 1501 and 1601 South MoPac Expressway in Austin.
布兰迪维因不动产信托出售了位于奥斯汀南MoPac快速公路1501号和1601号的巴顿天际线一号和二号。
What was the sale price for One and Two Barton Skyway?
巴顿天际线一号和二号的售出价格是多少？
The properties were sold for $107.6 million, which equates to $275 per square foot.
这些物业的售价格为10760万美元，每平方英尺相当于275美元。
What is the future plan for the sold properties?
出售物业的未来计划是什么？
The sold properties will serve as a consolidated public safety headquarters for the City of Austin.
出售的物业将作为奥斯汀市的整合公共安全总部。
How does this sale align with Brandywine's strategy?
这笔交易如何与布兰迪维因的策略相一致？
This transaction is part of Brandywine's capital recycling and portfolio management objectives, strengthening their balance sheet.
此交易是布兰迪维因资本回收和投资组合管理目标的一部分，增强了他们的资产负债表。
What is Brandywine's commitment to Austin after this sale?
布兰迪维因在这次出售后对奥斯汀的承诺是什么？
Brandywine remains committed to Austin through ongoing developments like 405 Colorado and Uptown ATX.
布兰迪维因通过持续的发展项目如405 Colorado和Uptown ATX，继续致力于奥斯汀。
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
免责声明：这是由GlobeNewswire分发的新闻稿的人工智能生成摘要。用于总结这份稿件的模型可能会出错。请在这里查看完整发布。
$BDN Hedge Fund Activity
$BDN对冲基金活动
We have seen 131 institutional investors add shares of $BDN stock to their portfolio, and 120 decrease their positions in their most recent quarter.
我们看到131家机构投资者在最近一个季度增加了$BDN股票的股份，120家减少了他们的持仓。
Here are some of the largest recent moves:
以下是一些最近最大的交易动态：
- JPMORGAN CHASE & CO removed 1,862,058 shares (-32.6%) from their portfolio in Q3 2024
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 1,240,733 shares (+76.1%) to their portfolio in Q3 2024
- VANGUARD GROUP INC removed 1,222,382 shares (-4.3%) from their portfolio in Q3 2024
- MILLENNIUM MANAGEMENT LLC added 1,124,492 shares (+434.7%) to their portfolio in Q3 2024
- POINT72 ASSET MANAGEMENT, L.P. removed 1,014,142 shares (-48.6%) from their portfolio in Q3 2024
- CITADEL ADVISORS LLC removed 947,906 shares (-49.9%) from their portfolio in Q3 2024
- BLACKROCK, INC. removed 664,464 shares (-2.0%) from their portfolio in Q3 2024
- 摩根大通在2024年第三季度从其投资组合中移除了1,862,058股（-32.6%）。
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP在2024年第三季度向其投资组合中增加了1,240,733股（+76.1%）。
- 先锋集团在2024年第三季度从其投资组合中移除了1,222,382股（-4.3%）。
- MILLENNIUM ASSET MANAGEMENT LLC在2024年第三季度向其投资组合中增加了1,124,492股（+434.7%）。
- POINT72资产管理有限合伙在2024年第三季度从其投资组合中移除了1,014,142股（-48.6%）。
- 城堡顾问公司在2024年第三季度从其投资组合中移除了947,906股（-49.9%）
- 黑岩公司在2024年第三季度从其投资组合中移除了664,464股（-2.0%）
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
要追踪对冲基金的股票组合，请查看Quiver Quantitative的机构持股仪表板。
Full Release
全面发布
PHILADELPHIA, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE: BDN) today announced the closing of the sale of One and Two Barton Skyway, located at 1501 and 1601 South MoPac Expressway in Southwest Austin, to the City of Austin. The 386,000-square-foot facility, sold for $107.6 million, or $275 per square foot, will serve as a consolidated public safety headquarters.
费城，2024年11月19日（环球新闻）——布兰迪维因不动产信托（纽交所：BDN）今天宣布，位于南莫帕克高速公路1501号和1601号的巴顿天际线一号和二号的出售已完成，买方为奥斯丁市。这座386,000平方英尺的设施以10760万美元出售， 每平方英尺275美元，将作为一个合并的公共安全总部。
"This transaction is consistent with our capital recycling and portfolio management objectives. This sale both strengthens our balance sheet and positions us to seize high-quality, strategic investment opportunities," said Jerry Sweeney, President & CEO of Brandywine Realty Trust. "At the same time, we remain deeply committed to Austin, exemplified by our development of 405 Colorado and Uptown ATX, our 66-acre master-planned development that is a cornerstone of Austin's emerging second downtown."
"此交易与我们的资本回收和投资组合管理目标一致。这笔销售不仅增强了我们的资产负债表，还使我们能够抓住高质量的战略投资机会，"布兰迪维因不动产信托的总裁兼首席执行官杰瑞·斯威尼说。"与此同时，我们依然对奥斯丁深感承诺，这在我们开发405 Colorado和Uptown ATX这一66英亩的总规划开发中得以体现，而这正是奥斯丁新兴第二市区的一个基石。"
The Barton Skyway office park, situated on 35 acres in Southwest Austin, comprises four office buildings. Following the recent sale of One and Two Barton Skyway, Brandywine retains ownership of Four Barton Skyway, which is currently 94% leased.
巴顿天际线办公园位于奥斯丁西南部的35英亩土地上，由四栋办公楼组成。在最近出售巴顿天际线一号和二号后，布兰迪维因仍然持有巴顿天际线四号的所有权，目前该物业的租赁率为94%。
This transaction marks another milestone in Brandywine Realty Trust's long-term strategy to maintain a strong liquidity profile as well as its portfolio strategy focusing on high-value opportunities in key markets. Austin is recognized as one of the nation's most vibrant and rapidly growing metropolitan areas, consistently ranking at the top of lists for job creation, GDP growth, and population expansion. With a year-over-year job growth of 2%, or 27,000 jobs, and a projected population of 2.8 million by 2030, the city is positioned as a hub of innovation and economic opportunity. Major corporations, including Apple, Samsung, and Tesla, continue to expand their footprint in the region, underscoring its attractiveness for investment and development.
此交易标志着布兰迪维因不动产信托在维持强大流动性特征及其投资组合策略方面的又一个里程碑，重点关注关键市场中的高价值机会。奥斯丁被誉为美国最繁荣、发展最快的大都市之一，始终在就业创造、GDP增长和人口扩展的排行榜上名列前茅。年均就业增长率为2%，相当于27,000个工作岗位，到2030年预计人口将达到280万，这座城市被定位为创新和经济机会的中心。包括苹果、三星和特斯拉等主要企业继续在该地域板块扩展其业务，彰显了该地区在投资和开发方面的吸引力。
For more information on Brandywine Realty Trust, visit
.
欲了解有关布兰迪维因不动产信托的更多信息，请访问
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About Brandywine Realty Trust
关于布兰迪维因不动产信托
Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 147 properties and 21.1 million square feet as of September 30, 2024. Our purpose is to shape, connect and inspire the world around us through our expertise, the relationships we foster, the communities in which we live and work, and the history we build together. For more information, please visit
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布兰迪维因不动产信托（纽交所：BDN）是美国最大的公开交易全方位综合房地产公司之一，主要集中在费城和奥斯丁市场。作为一家股权房地产投资信托（REIT），截至2024年9月30日，我们拥有、开发、出租和管理一项包括147个物业和2110万平方英尺的城市、城镇中心和交通导向的投资组合。我们的目标是通过我们的专业知识、我们培养的关系、我们生活和工作所在的社区以及我们共同建立的历史来塑造、连接和激励周围的世界。欲了解更多信息，请访问
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Company / Investor Contact
:
Tom Wirth
EVP & CFO
610-832-7434
tom.wirth@bdnreit.com
公司/投资者联系方式
:
汤姆·沃斯
执行副总裁兼首席财务官
610-832-7434
tom.wirth@bdnreit.com
