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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Real estate investments:    
Operating properties $ 3,715,765 $ 4,006,459
Accumulated depreciation (980,664) (973,318)
Right of use asset - operating leases, net 21,145 21,656
Operating real estate investments, net 2,756,246 3,054,797
Construction-in-progress 186,853 180,718
Land held for development 115,474 96,124
Prepaid leasehold interests in land held for development, net 39,287 39,592
Total real estate investments, net 3,097,860 3,371,231
Assets held for sale, net 7,349 7,349
Cash and cash equivalents 62,256 90,499
Accounts receivable, net of allowance of $0 and $284 as of September 30, 2020 and December 31, 2019, respectively 20,433 16,363
Accrued rent receivable, net of allowance of $6,111 and $7,691 as of September 30, 2020 and December 31, 2019, respectively 159,952 174,144
Investment in Real Estate Ventures 377,486 120,294
Deferred costs, net 90,601 95,560
Intangible assets, net 50,715 84,851
Other assets 124,408 115,678
Total assets 3,991,060 4,075,969
LIABILITIES AND EQUITY    
Mortgage notes payable, net 88,913 313,812
Unsecured term loan, net 248,953 248,561
Unsecured senior notes, net 1,581,645 1,582,045
Accounts payable and accrued expenses 117,248 113,347
Distributions payable 32,705 33,815
Deferred income, gains and rent 25,070 35,284
Intangible liabilities, net 17,500 22,263
Lease liability - operating leases 22,707 22,554
Other liabilities 40,537 15,985
Total liabilities 2,175,278 2,387,666
Commitments and contingencies (See Note 14)
Equity:    
Common Shares of Brandywine Realty Trust's beneficial interest, $0.01 par value; shares authorized 400,000,000; 170,572,964 and 176,480,095 issued and outstanding as of September 30, 2020 and December 31, 2019, respectively 1,707 1,766
Additional paid-in-capital 3,136,851 3,192,158
Deferred compensation payable in common shares 17,516 16,216
Common shares in grantor trust, 1,160,494 and 1,105,542 issued and outstanding as of September 30, 2020 and December 31, 2019, respectively (17,516) (16,216)
Cumulative earnings 1,091,095 804,556
Accumulated other comprehensive loss (8,749) (2,370)
Cumulative distributions (2,415,736) (2,318,233)
Total Brandywine Realty Trust's equity 1,805,168 1,677,877
Noncontrolling interests 10,614 10,426
Total beneficiaries' equity 1,815,782 1,688,303
Total liabilities and beneficiaries' equity 3,991,060 4,075,969
BRANDYWINE OPERATING PARTNERSHIP, L.P.    
Real estate investments:    
Operating properties 3,715,765 4,006,459
Accumulated depreciation (980,664) (973,318)
Right of use asset - operating leases, net 21,145 21,656
Operating real estate investments, net 2,756,246 3,054,797
Construction-in-progress 186,853 180,718
Land held for development 115,474 96,124
Prepaid leasehold interests in land held for development, net 39,287 39,592
Total real estate investments, net 3,097,860 3,371,231
Assets held for sale, net 7,349 7,349
Cash and cash equivalents 62,256 90,499
Accounts receivable, net of allowance of $0 and $284 as of September 30, 2020 and December 31, 2019, respectively 20,433 16,363
Accrued rent receivable, net of allowance of $6,111 and $7,691 as of September 30, 2020 and December 31, 2019, respectively 159,952 174,144
Investment in Real Estate Ventures 377,486 120,294
Deferred costs, net 90,601 95,560
Intangible assets, net 50,715 84,851
Other assets 124,408 115,678
Total assets 3,991,060 4,075,969
LIABILITIES AND EQUITY    
Mortgage notes payable, net 88,913 313,812
Unsecured term loan, net 248,953 248,561
Unsecured senior notes, net 1,581,645 1,582,045
Accounts payable and accrued expenses 117,248 113,347
Distributions payable 32,705 33,815
Deferred income, gains and rent 25,070 35,284
Intangible liabilities, net 17,500 22,263
Lease liability - operating leases 22,707 22,554
Other liabilities 40,537 15,985
Total liabilities 2,175,278 2,387,666
Commitments and contingencies (See Note 14)
Redeemable limited partnership units at redemption value; 981,634 issued and outstanding as of September 30, 2020 and December 31, 2019, respectively 9,950 15,388
Equity:    
General Partnership Capital; 170,572,964 and 176,480,095 units issued and outstanding as of September 30, 2020 and December 31, 2019, respectively 1,814,890 1,674,539
Accumulated other comprehensive loss (9,130) (2,715)
Total Brandywine Operating Partnership, L.P.'s equity 1,805,760 1,671,824
Noncontrolling interest - consolidated real estate ventures 72 1,091
Total partners' equity 1,805,832 1,672,915
Total liabilities and beneficiaries' equity $ 3,991,060 $ 4,075,969