Brandywine Realty Trust narrowed its 2017 funds from operations guidance to a range of $1.35 to $1.42 per share from an earlier range of $1.35 to $1.45 per share.

The S&P Capital IQ consensus FFO-per-share estimate for 2017 is $1.41.

The company also disclosed its recent transaction activity, starting with the Jan. 31 sale of its 50% stake in The Parc at Plymouth Meeting unconsolidated real estate venture in Plymouth Meeting, Va., for $100.5 million. The transaction generated $27.2 million in net cash proceeds for the company, with an estimated gain on sale of $14.6 million.

The stake in the 398-unit rental apartment development was sold to Toll Brothers Inc. and an unnamed institutional partner, The Philadelphia Inquirer reported Feb. 1, citing an email from Brandywine CEO Jerry Sweeney.

Also in January, Brandywine sold 1.7 acres of land in Austin, Texas, for $3.5 million. In the same month, it signed deals to sell the two-property Concord Airport Plaza, which spans about 350,300 net rentable square feet of office space in Concord, Calif., for $33.1 million, and three office properties aggregating about 313,800 square feet in Beltsville, Md., for $11.2 million.

In December 2016, the company sold the 1-acre Oakland Lot B land parcel in Oakland, Calif., for $13.8 million, with an $8.9 million gain on sale that was included in its FFO.

Article updated at 08:20 a.m. ET on Feb. 2, 2017, to reflect that Brandywine sold its stake to Toll Brothers and an institutional investor.