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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Real estate investments:    
Operating properties $ 3,386,559 $ 3,474,109
Accumulated depreciation (900,167) (896,561)
Right of use asset - operating leases, net 20,810 20,977
Operating real estate investments, net 2,507,202 2,598,525
Construction-in-progress 264,529 210,311
Land held for development 116,902 117,984
Prepaid leasehold interests in land held for development, net 27,762 39,185
Total real estate investments, net 2,916,395 2,966,005
Assets held for sale, net 7,349 7,349
Cash and cash equivalents 45,717 46,344
Accounts receivable 14,665 13,536
Accrued rent receivable, net of allowance of $5,080 and $5,086 as of March 31, 2021 and December 31, 2020, respectively 159,175 155,372
Investment in Real Estate Ventures 433,046 401,327
Deferred costs, net 83,839 84,856
Intangible assets, net 43,883 48,570
Other assets 185,844 176,747
Total assets 3,889,913 3,900,106
LIABILITIES AND EQUITY    
Unsecured credit facility 13,000 0
Unsecured term loan, net 249,215 249,084
Unsecured senior notes, net 1,581,378 1,581,511
Accounts payable and accrued expenses 119,208 121,982
Distributions payable 32,763 32,706
Deferred income, gains and rent 22,416 21,396
Intangible liabilities, net 17,073 18,448
Lease liability - operating leases 22,810 22,758
Other liabilities 49,796 47,573
Total liabilities 2,107,659 2,095,458
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; 170,663,251 and 170,572,964 issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 1,707 1,707
Additional paid-in-capital 3,140,456 3,138,152
Deferred compensation payable in common shares 17,658 17,516
Common shares in grantor trust, 1,111,777 and 1,160,494 issued and outstanding as of March 31, 2021 and December 31, 2020, respectively (17,658) (17,516)
Cumulative earnings 1,117,004 1,110,083
Accumulated other comprehensive loss (6,469) (7,561)
Cumulative distributions (2,480,811) (2,448,238)
Total Brandywine Realty Trust's equity 1,771,887 1,794,143
Noncontrolling interests 10,367 10,505
Total beneficiaries' equity 1,782,254 1,804,648
Total liabilities and beneficiaries' equity 3,889,913 3,900,106
BRANDYWINE OPERATING PARTNERSHIP, L.P.    
Real estate investments:    
Operating properties 3,386,559 3,474,109
Accumulated depreciation (900,167) (896,561)
Right of use asset - operating leases, net 20,810 20,977
Operating real estate investments, net 2,507,202 2,598,525
Construction-in-progress 264,529 210,311
Land held for development 116,902 117,984
Prepaid leasehold interests in land held for development, net 27,762 39,185
Total real estate investments, net 2,916,395 2,966,005
Assets held for sale, net 7,349 7,349
Cash and cash equivalents 45,717 46,344
Accounts receivable 14,665 13,536
Accrued rent receivable, net of allowance of $5,080 and $5,086 as of March 31, 2021 and December 31, 2020, respectively 159,175 155,372
Investment in Real Estate Ventures 433,046 401,327
Deferred costs, net 83,839 84,856
Intangible assets, net 43,883 48,570
Other assets 185,844 176,747
Total assets 3,889,913 3,900,106
LIABILITIES AND EQUITY    
Unsecured credit facility 13,000 0
Unsecured term loan, net 249,215 249,084
Unsecured senior notes, net 1,581,378 1,581,511
Accounts payable and accrued expenses 119,208 121,982
Distributions payable 32,763 32,706
Deferred income, gains and rent 22,416 21,396
Intangible liabilities, net 17,073 18,448
Lease liability - operating leases 22,810 22,758
Other liabilities 49,796 47,573
Total liabilities 2,107,659 2,095,458
Commitments and contingencies (See Note 14)
Redeemable limited partnership units at redemption value; 981,634 issued and outstanding as of March 31, 2021 and December 31, 2020 12,673 11,566
Equity:    
General Partnership Capital; 170,663,251 and 170,572,964 units issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 1,776,347 1,800,945
Accumulated other comprehensive loss (6,837) (7,935)
Total Brandywine Operating Partnership, L.P.'s equity 1,769,510 1,793,010
Noncontrolling interest - consolidated real estate ventures 71 72
Total partners' equity 1,769,581 1,793,082
Total liabilities and beneficiaries' equity $ 3,889,913 $ 3,900,106