Davidson Kempner Capital Management has acquired an 80 percent stake in a portfolio of office buildings in Maryland and Pennsylvania from Brandywine Realty Trust, which said the sale generated $156 million of net cash proceeds.
98 percent occupied. The property is collateral for $35.1 million of debt that's securitized through JPMorgan Chase Commercial Mortgage Securities Trust, 2007-LDP11.
Wharton has lined up $35.1 million of permanent financing for the property. Capmark Finance Inc. arranged the financing.
Trinity funded the transaction with $22.5 million of debt provided by JPMorgan and arranged by BlueStone Real Estate Capital. Terms of the financing were not disclosed.