Brandywine Forms JV With Creek Investments
Brandywine Realty (NYSE:BDN) recently announced that it has formed a joint venture (JV) with Current Creek Investments, a wholly owned subsidiary of The Allstate Corporation (NYSE:ALL). Both Current Creek and Brandywine will own 50% interest in three metropolitan DC properties contributed by Brandywine. The joint venture bought the properties from Brandywine for $156.0 million. The [...]
Brandywine Realty (NYSE:BDN) recently announced that it has formed a joint venture (JV) with Current Creek Investments, a wholly owned subsidiary of The Allstate Corporation (NYSE:ALL). Both Current Creek and Brandywine will own 50% interest in three metropolitan DC properties contributed by Brandywine. The joint venture bought the properties from Brandywine for $156.0 million.
The joint venture secured $90.0 million of non-recourse property financings with a weighted-average maturity of 7.4 years. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards