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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Real estate investments:    
Operating properties $ 3,617,240 $ 3,472,602
Accumulated depreciation (1,063,060) (957,450)
Right of use asset - operating leases, net 19,664 20,313
Operating real estate investments, net 2,573,844 2,535,465
Construction-in-progress 218,869 277,237
Land held for development 76,499 114,604
Prepaid leasehold interests in land held for development, net 35,576 27,762
Total real estate investments, net 2,904,788 2,955,068
Assets held for sale, net 0 562
Cash and cash equivalents 17,551 27,463
Accounts receivable 11,003 11,875
Accrued rent receivable, net of allowance of $3,947 and $4,133 as of December 31, 2022 and December 31, 2021, respectively 179,771 167,210
Investment in unconsolidated real estate ventures 567,635 435,506
Deferred costs, net 96,639 86,862
Intangible assets, net 18,451 28,556
Other assets 78,667 133,094
Total assets 3,874,505 3,846,196
LIABILITIES AND BENEFICIARIES' EQUITY    
Unsecured credit facility 88,500 23,000
Unsecured term loan, net 248,168 249,608
Unsecured senior notes, net 1,628,370 1,580,978
Accounts payable and accrued expenses 132,440 150,151
Distributions payable 32,792 32,765
Deferred income, gains and rent 25,082 23,849
Intangible liabilities, net 10,322 12,981
Lease liability - operating leases 23,166 22,962
Other liabilities 52,331 48,683
Total liabilities 2,241,171 2,144,977
Commitments and contingencies (See Note 20)
Brandywine Realty Trust's Equity:    
Common Shares of Brandywine Realty Trust's beneficial interest, $0.01 par value; shares authorized 400,000,000; 171,569,807 and 171,126,257 issued and outstanding as of December 31, 2022 and December 31, 2021, respectively 1,716 1,712
Additional paid-in-capital 3,153,229 3,146,786
Deferred compensation payable in common shares 19,601 18,491
Common shares in grantor trust, 1,179,643 and 1,169,703 issued and outstanding as of December 31, 2022 and December 31, 2021, respectively (19,601) (18,491)
Cumulative earnings 1,176,195 1,122,372
Accumulated other comprehensive income (loss) 3,897 (2,020)
Cumulative distributions (2,709,405) (2,578,583)
Total Brandywine Realty Trust's equity 1,625,632 1,690,267
Noncontrolling interests 7,702 10,952
Total beneficiaries' equity 1,633,334 1,701,219
Total liabilities and partners' equity $ 3,874,505 $ 3,846,196