Brandywine Realty Trust

American real estate investment firm

Company typePublic

Founded1994; 32 years ago (1994)^[1]

Brandywine Realty Trust

Company type	Public
Traded as	NYSE: BDN
Industry	Real estate investment trust
Founded	1994; 32 years ago (1994)^[1]
Headquarters	2929 Arch St., Suite 1800, 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 Philadelphia-based real estate investment trust (REIT) 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]

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 property portfolio of 68 smaller properties.^[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 2 3 "Brandywine Realty Trust 2022 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
↑ "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.
↑ "BRANDYWINE REALTY BUYS 23 PROPERTIES FOR $229 MILLION". The New York Times. Dow Jones & Company. January 7, 1998.
↑ "REIT Buys Office Complex". The New York Times. Dow Jones & Company. May 13, 1998.
↑ "BRANDYWINE REALTY TO BUY 68 PROPERTIES FROM LAZARD". The New York Times. Bloomberg News. August 7, 1998.
↑ "Prentiss, Brandydwine complete asset swap". American City Business Journals. April 11, 2001.
↑ Kostelni, Natalie (May 24, 2005). "Cira Centre passes 90% leased mark". American City Business Journals.
↑ "Prentiss Properties completes merger with Brandywine". American City Business Journals. January 6, 2006.
↑ Kostelni, Natalie (October 3, 2005). "Brandywine Realty Trust to pay $3.3B for Prentiss Properties". American City Business Journals.
↑ Kostelni, Natalie (September 20, 2010). "Brandywine wraps up big rehab of post office". American City Business Journals.
↑ Kostelni, Natalie (September 5, 2013). "Brandywine makes $331M Center City office play". American City Business Journals.
↑ Kostelni, Natalie (February 5, 2016). "Brandywine completes $400M sale". American City Business Journals.

External links

Business data for Brandywine Realty Trust:

v t e Philadelphia-based corporations (within the Philadelphia metropolitan area)
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Other notable Philadelphia-area businesses	Actua Corporation Airgas AlliedBarton Ametek Aqua America Asplundh Bentley Systems Brandywine Realty Trust Boscov's Carpenter Technology Cephalon Chemours Christiana Care Health System Crozer Keystone Health System David's Bridal DuckDuckGo EPAM Systems EnerSys Liberty Property Trust Penn Entertainment Penn Mutual Rita's Italian Ice SEI Investments SLM Susquehanna International Group Vanguard Toll Brothers Triumph Group Unisys ViroPharma Vishay Intertechnology VWR Wawa Wilmington Trust W. L. Gore & Associates WSFS Bank
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