The Town and Country Trust has acquired Brandywine Woods, an apartment community in Bear, Del.

The value of the transaction was not disclosed.

Brandywine Woods was completed in 2000 and contains 264 garden-style apartments and one townhome. The property features a unit mix consisting of 57 percent one-bedroom units and 43 percent two-bedroom units. Amenities include a swimming pool, tennis court and fitness center.

The property was acquired through an intermediary in anticipation of the completion of a like-kind exchange under Section 1031 of the Internal Revenue Code.

The Town and Country Trust is a Baltimore-based, multifamily real estate investment trust that now owns and operates 13,330 apartment homes in 39 communities in the Mid-Atlantic and Southeast.


What’s your opinion? Send your Letter to the Editor to

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Time is running out to secure your Connect Now tickets at the lowest price. Don't miss out on a chance to grow yourself and your business.Learn More×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription