Brandywine Realty Trust (NYSE:BDN) agreed to acquire Exton Square Mall property from Pennsylvania Real Estate Investment Trust (NYSE:PEI) for $28.8 million on March 15, 2022. Pennsylvania Real Estate expects to close on its sale in the next 90 days. The procidengs from the sale of the asset will be funded to pay down debt by Pennsylvania Real Estate.
Brandywine Realty Trust (NYSE:BDN) cancelled the acquisition of Exton Square Mall property from Pennsylvania Real Estate Investment Trust (NYSE:PEI) on September 30, 2022.