secwatch.observer — SEC 8-K summary
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Issuer:     BRANDYWINE OPERATING PARTNERSHIP, L.P. (—)
CIK:        0001060386
Form:       8-K
Filed at:   2026-10-06T19:21:35+00:00
Accession:  0000790816-26-000038
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1060386/000079081626000038/0000790816-26-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/790816/000079081626000038/bdn-20260930.htm
  HTML page:      https://secwatch.observer/filing/0000790816-26-000038

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