---
schema_version: "secwatch.filing_event.v1"
accession: "0000790816-26-000038"
form_type: "8-K"
ticker: null
cik: "0001060386"
company_name: "BRANDYWINE OPERATING PARTNERSHIP, L.P."
filed_at: "2026-10-06T19:21:35+00:00"
generated_at: "2026-10-12T16:24:58.373092+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Brandywine closes $240M sale of 3151 Market Street office building; nets $233.7M after $60.2M C-PACE payoff

## Summary
- Completed Sept 30, 2026 sale of 441,000 sq ft office building at 3151 Market Street, Philadelphia to an unrelated third party for $240.0M.
- Net proceeds ~$233.7M; repaid $60.2M to retire the $57.3M C-PACE loan encumbering the property, leaving pro forma cash at $211.3M vs $37.9M historical.
- Pro forma June 30, 2026 balance sheet: total assets $3.44B vs $3.54B; secured debt falls to $88.2M from $144.3M; total equity $666.0M vs $695.9M.
- Pro forma six months ended June 30, 2026 net loss attributable to common shareholders improves to $74.7M ($0.43/sh) from $80.6M ($0.46/sh) after removing the property's results.
- FY2025 pro forma net loss attributable to common shareholders widens to $203.3M ($1.17/sh) from $179.5M ($1.03/sh) on a $23.6M impairment and $6.3M loss on early debt extinguishment.

## SEC filing metadata
- accession: 0000790816-26-000038
- form_type: 8-K
- cik: 0001060386
- company_name: BRANDYWINE OPERATING PARTNERSHIP, L.P.
- filed_at: 2026-10-06T19:21:35+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1060386/000079081626000038/0000790816-26-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/790816/000079081626000038/bdn-20260930.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000790816-26-000038
- JSON: https://secwatch.observer/filing/0000790816-26-000038.json
- Plain text: https://secwatch.observer/filing/0000790816-26-000038.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.