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Brixmor Property makes $139M in Q2 asset sales

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Brixmor Property makes $139M in Q2 asset sales

Shopping center real estate investment trust Brixmor Property Group Inc. received roughly $139.3 million in gross proceeds from the sale of 10 assets in the second quarter.

The company also prepaid $135.0 million of its tranche A term loan and has no remaining scheduled debt maturities in 2018.

In addition, Brixmor purchased land adjacent to an existing center and ended a ground lease and purchased the linked building at an existing center for an aggregate $7.3 million.