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.
布蘭迪維因不動產信託以10760萬美金將奧斯丁的一號和二號巴頓天際線出售給奧斯丁市。
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.
布蘭迪維因不動產信託已完成將奧斯丁的一號和二號巴頓天際線以10760萬美金出售給奧斯丁市。這棟386,000平方英尺的設施以每平方英尺約275美金的價格出售，將作爲一個綜合公共安全總部。公司總裁兼首席執行官Jerry Sweeney表示，此次出售與他們的資本回收策略一致，並增強了他們追求進一步投資機會的財務狀況。儘管出售，布蘭迪維因仍然致力於奧斯丁市場，正在進行的開發項目如405科羅拉多和Uptown ATX項目都證明了這一點。此次出售是布蘭迪維因維持流動性並專注於快速增長市場中高質量投資的策略的一部分，奧斯丁有着顯著的就業增長和重大企業擴張。
Potential Positives
潛在的積極因素
- 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.
- 布蘭迪維因不動產信託成功執行了一項重要的資產出售，關閉了10760萬美金的一號和二號巴頓天際線交易，這增強了他們的資本流動性。
- 此次出售與布蘭迪維因的長期資本回收和投資組合管理策略一致，使他們能夠專注於高價值投資機會。
- 該公司保留了四號巴頓天際線的所有權，目前出租率爲94%，表明其剩餘資產的運營表現強勁。
- 奧斯丁快速的經濟增長和發展成爲主要企業的中心進一步支持了布蘭迪維因在該市場持續投資的戰略重要性。
Potential Negatives
潛在負面影響
- 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.
- 出售巴頓天際線一號和二號可能表明在競爭激烈的房地產市場中出現戰略性縮減，這引發了人們對公司長期增長和對奧斯汀地區承諾的擔憂。
- 依靠資本回收來增強資產負債表可能會暗示潛在的財務壓力，這表明需要出售資產而不是收購新資產。
- 整體房地產市場的競爭力可能會影響未來的投資機會，這可能限制布蘭迪維因在關鍵市場中追求有利項目的能力。
FAQ
FAQ
What properties did Brandywine Realty Trust sell?
布蘭迪維因不動產信託出售了哪些物業？
Brandywine Realty Trust sold One and Two Barton Skyway, located at 1501 and 1601 South MoPac Expressway in Austin.
布蘭迪維因不動產信託出售了位於奧斯汀南MoPac快速公路1501號和1601號的巴頓天際線一號和二號。
What was the sale price for One and Two Barton Skyway?
巴頓天際線一號和二號的售出價格是多少？
The properties were sold for $107.6 million, which equates to $275 per square foot.
這些物業的售價格爲10760萬美元，每平方英尺相當於275美元。
What is the future plan for the sold properties?
出售物業的未來計劃是什麼？
The sold properties will serve as a consolidated public safety headquarters for the City of Austin.
出售的物業將作爲奧斯汀市的整合公共安全總部。
How does this sale align with Brandywine's strategy?
這筆交易如何與布蘭迪維因的策略相一致？
This transaction is part of Brandywine's capital recycling and portfolio management objectives, strengthening their balance sheet.
此交易是布蘭迪維因資本回收和投資組合管理目標的一部分，增強了他們的資產負債表。
What is Brandywine's commitment to Austin after this sale?
布蘭迪維因在這次出售後對奧斯汀的承諾是什麼？
Brandywine remains committed to Austin through ongoing developments like 405 Colorado and Uptown ATX.
布蘭迪維因通過持續的發展項目如405 Colorado和Uptown ATX，繼續致力於奧斯汀。
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.
免責聲明：這是由GlobeNewswire分發的新聞稿的人工智能生成摘要。用於總結這份稿件的模型可能會出錯。請在這裏查看完整發布。
$BDN Hedge Fund Activity
$BDN對沖基金活動
We have seen 131 institutional investors add shares of $BDN stock to their portfolio, and 120 decrease their positions in their most recent quarter.
我們看到131家機構投資者在最近一個季度增加了$BDN股票的股份，120家減少了他們的持倉。
Here are some of the largest recent moves:
以下是一些最近最大的交易動態：
- 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年第三季度從其投資組合中移除了1,862,058股（-32.6%）。
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP在2024年第三季度向其投資組合中增加了1,240,733股（+76.1%）。
- 先鋒集團在2024年第三季度從其投資組合中移除了1,222,382股（-4.3%）。
- MILLENNIUM ASSET MANAGEMENT LLC在2024年第三季度向其投資組合中增加了1,124,492股（+434.7%）。
- POINT72資產管理有限合夥在2024年第三季度從其投資組合中移除了1,014,142股（-48.6%）。
- 城堡顧問公司在2024年第三季度從其投資組合中移除了947,906股（-49.9%）
- 黑巖公司在2024年第三季度從其投資組合中移除了664,464股（-2.0%）
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
要追蹤對沖基金的股票組合，請查看Quiver Quantitative的機構持股儀表板。
Full Release
全面發佈
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.
費城，2024年11月19日（環球新聞）——布蘭迪維因不動產信託（紐交所：BDN）今天宣佈，位於南莫帕克高速公路1501號和1601號的巴頓天際線一號和二號的出售已完成，買方爲奧斯丁市。這座386,000平方英尺的設施以10760萬美元出售， 每平方英尺275美元，將作爲一個合併的公共安全總部。
"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."
"此交易與我們的資本回收和投資組合管理目標一致。這筆銷售不僅增強了我們的資產負債表，還使我們能夠抓住高質量的戰略投資機會，"布蘭迪維因不動產信託的總裁兼首席執行官傑瑞·斯威尼說。"與此同時，我們依然對奧斯丁深感承諾，這在我們開發405 Colorado和Uptown ATX這一66英畝的總規劃開發中得以體現，而這正是奧斯丁新興第二市區的一個基石。"
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.
巴頓天際線辦公園位於奧斯丁西南部的35英畝土地上，由四棟辦公樓組成。在最近出售巴頓天際線一號和二號後，布蘭迪維因仍然持有巴頓天際線四號的所有權，目前該物業的租賃率爲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.
此交易標誌着布蘭迪維因不動產信託在維持強大流動性特徵及其投資組合策略方面的又一個里程碑，重點關注關鍵市場中的高價值機會。奧斯丁被譽爲美國最繁榮、發展最快的大都市之一，始終在就業創造、GDP增長和人口擴展的排行榜上名列前茅。年均就業增長率爲2%，相當於27,000個工作崗位，到2030年預計人口將達到280萬，這座城市被定位爲創新和經濟機會的中心。包括蘋果、三星和特斯拉等主要企業繼續在該地域板塊擴展其業務，彰顯了該地區在投資和開發方面的吸引力。
For more information on Brandywine Realty Trust, visit
.
欲了解有關布蘭迪維因不動產信託的更多信息，請訪問
.
About Brandywine Realty Trust
關於布蘭迪維因不動產信託
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
.
布蘭迪維因不動產信託（紐交所：BDN）是美國最大的公開交易全方位綜合房地產公司之一，主要集中在費城和奧斯丁市場。作爲一家股權房地產投資信託（REIT），截至2024年9月30日，我們擁有、開發、出租和管理一項包括147個物業和2110萬平方英尺的城市、城鎮中心和交通導向的投資組合。我們的目標是通過我們的專業知識、我們培養的關係、我們生活和工作所在的社區以及我們共同建立的歷史來塑造、連接和激勵周圍的世界。欲了解更多信息，請訪問
.
Company / Investor Contact
:
Tom Wirth
EVP & CFO
610-832-7434
tom.wirth@bdnreit.com
公司/投資者聯繫方式
:
湯姆·沃斯
執行副總裁兼首席財務官
610-832-7434
tom.wirth@bdnreit.com
