Brandywine Realty Trust

Brandywine Realty Trust
TypePublic
IndustryCommercial Real Estate
Founded1994; 28 years ago (1994)
HeadquartersPhiladelphia, Pennsylvania, U.S.
Key people
Gerard H. Sweeney, CEO & President
Michael J. Joyce, Chairman
Thomas E. Wirth, CFO
ProductsOffice buildings
RevenueIncrease US$580 million (2019)
Decrease US$34 million (2019)
Total assetsDecrease US$4.075 billion (2019)
Total equityDecrease US$1.677 billion (2019)
Number of employees
337 (2019)
Websitebrandywinerealty.com
Footnotes / references

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

As of December 31, 2019, the company owned interests in 173 properties containing 24.3 million net rentable square feet.

History

The company was founded in 1994.

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

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

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

In 2006, the company acquired Prentiss Properties Trust for $3.3 billion.

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.

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

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


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