Brandywine Realty Trust

Short description: Real Estate Investment Firm

Brandywine Realty Trust

Type| Public

Traded as

* NYSE: BDN
* S&P 600 component

Industry| Real estate investment trust
Founded| 1994; 32 years ago (1994)[1]
Headquarters| Philadelphia, Pennsylvania, U.S.

Key people

| Gerard H. Sweeney, CEO & President
Michael J. Joyce, Chairman
Thomas E. Wirth, CFO
Products| Office buildings
Revenue|  US$506 million (2022)

Net income

|  US$53 million (2022)
Total assets|  US$3.874 billion (2022)
Total equity|  US$1.633 billion (2022)

Number of employees

| 334 (2022)
Website| brandywinerealty.com
Footnotes / references
[1]

Brandywine Realty Trust is a real estate investment trust that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas .

As of December 31, 2022, the company owned interests in 72 properties containing 12.8 million net rentable square feet.[1]

## History

The company was founded in 1994 by Jerry Sweeney.[2]

In 1998, the company acquired a portfolio of 23 properties for $229 million,[3] an office park for $48.5 million,[4] and a 68 property portfolio.[5]

In 2001, the company completed an asset exchange with Prentiss Properties Trust.[6]

In May 2005, the company completed the development of the Cira Centre, designed by César Pelli, next to Philadelphia's 30th Street Station.[7]

In January 2006, the company acquired Prentiss Properties Trust for $3.3 billion.[8][9]

In 2010, the company completed the renovation of Cira Square, a former U.S. post office building that was leased to the General Services Administration for occupancy by the Internal Revenue Service.[10]

In 2013, the company acquired Commerce Square for $331.8 million.[11]

In 2016, the company sold a portfolio of 58 office properties for $398.1 million.[12]

## References

1. ↑ 1.0 1.1 1.2 "Brandywine Realty Trust 2022 Form 10-K Annual Report". U.S. Securities and Exchange Commission. https://www.sec.gov/ix?doc=/Archives/edgar/data/790816/000079081623000013/bdn-20221231.htm.
2. ↑ "Gerard H. Sweeney, President, CEO and Trustee of Brandywine Realty Trust Named Honoree for Villanova's Celebration of Excellence in Real Estate" (Press release). Villanova University. February 13, 2020.
3. ↑ "BRANDYWINE REALTY BUYS 23 PROPERTIES FOR $229 MILLION". The New York Times. Dow Jones & Company. January 7, 1998. https://www.nytimes.com/1998/01/07/business/company-news-brandywine-realty-buys-23-properties-for-229-million.html.
4. ↑ "REIT Buys Office Complex". The New York Times. Dow Jones & Company. May 13, 1998. https://www.nytimes.com/1998/05/13/business/reit-buys-office-complex.html.
5. ↑ "BRANDYWINE REALTY TO BUY 68 PROPERTIES FROM LAZARD". The New York Times. Bloomberg News. August 7, 1998. https://www.nytimes.com/1998/08/07/business/company-news-brandywine-realty-to-buy-68-properties-from-lazard.html.
6. ↑ "Prentiss, Brandydwine complete asset swap". American City Business Journals. April 11, 2001. https://www.bizjournals.com/dallas/stories/2001/04/09/daily25.html.
7. ↑ Kostelni, Natalie (May 24, 2005). "Cira Centre passes 90% leased mark". American City Business Journals. https://www.bizjournals.com/philadelphia/stories/2005/05/23/daily8.html.
8. ↑ "Prentiss Properties completes merger with Brandywine". American City Business Journals. January 6, 2006. https://www.bizjournals.com/dallas/stories/2006/01/02/daily30.html.
9. ↑ Kostelni, Natalie (October 3, 2005). "Brandywine Realty Trust to pay $3.3B for Prentiss Properties". American City Business Journals. https://www.bizjournals.com/philadelphia/stories/2005/10/03/daily1.html.
10. ↑ Kostelni, Natalie (September 20, 2010). "Brandywine wraps up big rehab of post office". American City Business Journals. https://www.bizjournals.com/philadelphia/stories/2010/09/20/story4.html.
11. ↑ Kostelni, Natalie (September 5, 2013). "Brandywine makes $331M Center City office play". American City Business Journals. https://www.bizjournals.com/philadelphia/blog/real-estate/2013/09/brandywine-makes-331m-center-city.html.
12. ↑ Kostelni, Natalie (February 5, 2016). "Brandywine completes $400M sale". American City Business Journals. https://www.bizjournals.com/philadelphia/morning_roundup/2016/02/brandywine-realty-och-ziff-400-million-sale.html.

## External links

* Business data for Brandywine Realty Trust:

* Google Finance
* Yahoo! Finance
* Bloomberg
* SEC filings

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