Brandywine Realty Trust, which focuses on urban, town center and transit-oriented properties, said its shareholders approved the real estate investment trust's three charter amendment proposals.
The proposals approved at the REIT's May 23 annual shareholder meeting will decrease the vote requirement for approving certain mergers to a simple majority vote from two-thirds of votes; opt out of the Maryland Business Combination Act, 18 months after the vote; and expand matters on which shareholders will have the right to vote, including bylaws amendments.
