Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2022

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Real Estate and Accumulated Depreciation

BRANDYWINE REALTY TRUST AND BRANDYWINE OPERATING PARTNERSHIP, L.P.

Schedule III

Real Estate and Accumulated Depreciation — December 31, 2022

(in thousands)

			Initial Cost						Gross Amount Which Carried December 31, 2022
Property Name	City	State	Land		Building & Improvements		Net Improvements (Retirements) Since Acquisition		Land		Building & Improvements		Total (a)		Accumulated Depreciation at December 31, 2022 (b)		Year of Construction	Year Acquired	Depreciable Life
PENNSYLVANIA SUBURBS
Six Tower Bridge (181 Washington Street)	Conshohocken	PA	$	6,927	$	14,722	$	1,176	$	6,237	$	16,588	$	22,825	$	4,604	1999	2013	(c)
426 West Lancaster Avenue	Devon	PA	1,689		6,756		9,405		1,686		16,164		17,850		2,727		1990	1998	(c)
640 Freedom Business Center (d)	King Of Prussia	PA	1,015		20,098		4,603		332		25,384		25,716		16,544		1991	1998	(c)
620 Freedom Business Center (d)	King Of Prussia	PA	666		13,118		2,372		217		15,939		16,156		10,154		1986	1998	(c)
1000 First Avenue	King Of Prussia	PA	—		13,708		2,971		—		16,679		16,679		12,521		1980	1998	(c)
1060 First Avenue	King Of Prussia	PA	—		13,665		3,979		—		17,644		17,644		12,989		1987	1998	(c)
630 Freedom Business Center Drive (d)	King Of Prussia	PA	666		13,251		2,864		219		16,562		16,781		10,946		1989	1998	(c)
1020 First Avenue	King Of Prussia	PA	—		10,744		4,306		—		15,050		15,050		11,050		1984	1998	(c)
1040 First Avenue	King Of Prussia	PA	—		14,142		4,915		—		19,057		19,057		14,165		1985	1998	(c)
610 Freedom Business Center Drive (d)	King Of Prussia	PA	485		9,602		2,289		159		12,217		12,376		8,256		1985	1998	(c)
650 Park Avenue	King Of Prussia	PA	1,916		4,378		(4,378)		1,916		—		1,916		—		1968	1998	(c)
600 Park Avenue	King Of Prussia	PA	1,012		4,048		50		1,012		4,098		5,110		2,660		1964	1998	(c)
933 First Avenue	King Of Prussia	PA	3,127		20,794		(1,125)		3,127		19,669		22,796		4,823		2017	N/A	(c)
500 North Gulph Road	King Of Prussia	PA	1,303		5,201		21,471		1,303		26,672		27,975		4,690		1979	1996	(c)
401 Plymouth Road	Plymouth Meeting	PA	6,199		16,131		14,515		6,199		30,646		36,845		15,527		2001	2000	(c)
Metroplex (4000 Chemical Road)	Plymouth Meeting	PA	4,373		24,546		5,554		4,373		30,100		34,473		9,860		2007	2001	(c)
610 West Germantown Pike	Plymouth Meeting	PA	3,651		14,514		5,461		3,651		19,975		23,626		10,440		1987	2002	(c)
600 West Germantown Pike	Plymouth Meeting	PA	3,652		15,288		4,035		3,652		19,323		22,975		9,682		1986	2002	(c)
630 West Germantown Pike	Plymouth Meeting	PA	3,558		14,743		3,169		3,558		17,912		21,470		9,015		1988	2002	(c)
620 West Germantown Pike	Plymouth Meeting	PA	3,572		14,435		4,131		3,572		18,566		22,138		8,409		1990	2002	(c)
660 West Germantown Pike	Plymouth Meeting	PA	3,694		5,487		19,502		5,405		23,278		28,683		8,467		1987	2012	(c)
351 Plymouth Road	Plymouth Meeting	PA	1,043		555		—		1,043		555		1,598		246		N/A	2000	(c)
150 Radnor Chester Road	Radnor	PA	11,925		36,986		21,691		11,897		58,705		70,602		26,556		1983	2004	(c)
One Radnor Corporate Center	Radnor	PA	7,323		28,613		14,397		7,323		43,010		50,333		27,920		1998	2004	(c)
201 King of Prussia Road	Radnor	PA	8,956		29,811		4,196		8,949		34,014		42,963		22,515		2001	2004	(c)
555 Lancaster Avenue	Radnor	PA	8,014		16,508		10,772		8,609		26,685		35,294		9,722		1973	2004	(c)
Four Radnor Corporate Center	Radnor	PA	5,406		21,390		10,499		5,705		31,590		37,295		18,534		1995	2004	(c)
Five Radnor Corporate Center	Radnor	PA	6,506		25,525		9,755		6,578		35,208		41,786		16,306		1998	2004	(c)
Three Radnor Corporate Center	Radnor	PA	4,773		17,961		1,788		4,791		19,731		24,522		11,768		1998	2004	(c)
Two Radnor Corporate Center	Radnor	PA	3,937		15,484		2,552		3,942		18,031		21,973		11,383		1998	2004	(c)
130 Radnor Chester Road	Radnor	PA	2,573		8,338		(258)		2,567		8,086		10,653		4,099		1983	2004	(c)
170 Radnor Chester Road	Radnor	PA	2,514		8,147		2,008		2,509		10,160		12,669		5,366		1983	2004	(c)
200 Radnor Chester Road	Radnor	PA	3,366		—		3,740		3,366		3,740		7,106		1,137		2014	2005	(c)
101 West Elm Street	W. Conshohocken	PA	6,251		25,209		2,846		6,251		28,055		34,306		12,533		1999	2005	(c)
1 West Elm Street	W. Conshohocken	PA	3,557		14,249		8,203		3,557		22,452		26,009		7,302		1999	2005	(c)
250 King of Prussia Road (e) (i)	Radnor	PA	—		20,566		12,733		976		32,323		33,299		626		N/A	2022	(c)

			Initial Cost			Gross Amount Which Carried December 31, 2022
Property Name	City	State	Land	Building & Improvements	Net Improvements (Retirements) Since Acquisition	Land	Building & Improvements	Total (a)	Accumulated Depreciation at December 31, 2022 (b)	Year of Construction	Year Acquired	Depreciable Life
PHILADELPHIA CBD
Cira Centre (2929 Arch Street)	Philadelphia	PA	—	208,570	23,843	12,586	219,827	232,413	73,510	2005	N/A	(c)
Three Logan Square (1717 Arch Street)	Philadelphia	PA	—	98,188	86,126	25,195	159,119	184,314	61,247	1990	2010	(c)
One Logan Square (130 North 18th Street)	Philadelphia	PA	14,496	107,736	21,614	14,473	129,373	143,846	70,363	1998	2004	(c)
Two Logan Square (100 North 18th Street)	Philadelphia	PA	16,066	100,255	34,198	16,066	134,453	150,519	61,597	1988	2004	(c)
Cira Centre South Garage (129 South 30th Street) (d)	Philadelphia	PA	—	76,008	26,970	6,638	96,340	102,978	27,789	2010	N/A	(c)
1900 Market Street	Philadelphia	PA	7,768	17,263	61,760	7,768	79,023	86,791	30,016	1981	2012	(c)
3020 Market Street	Philadelphia	PA	—	21,417	7,442	—	28,859	28,859	13,904	1959	2011	(c)
618-634 Market Street	Philadelphia	PA	13,365	5,791	5,180	13,365	10,971	24,336	7,222	1966	2015	(c)
FMC Tower at Cira Centre South (2929 Walnut Street)	Philadelphia	PA	—	400,294	10,689	—	410,983	410,983	85,826	2016	N/A	(c)
2100 Market Street	Philadelphia	PA	18,827	—	6,292	18,854	6,265	25,119	2,280	N/A	2015	(c)
1505-11 Race Street	Philadelphia	PA	3,662	6,061	8	3,670	6,061	9,731	328	1922	2020	(c)
3000 Market Street (f)	Philadelphia	PA	18,924	13,080	17,349	18,924	30,429	49,353	2,608	1937	2017	(c)
The Bulletin Building (3025 Market Street) (f)	Philadelphia	PA	—	24,377	44,081	—	68,458	68,458	11,490	1953	2017	(c)
3001-3003 JFK Boulevard (g)	Philadelphia	PA	—	—	111	—	111	111	32	N/A	2018	N/A
METROPOLITAN WASHINGTON, D.C.
6600 Rockledge Drive	Bethesda	MD	—	37,421	7,672	—	45,093	45,093	17,099	1981	2006	(c)
1676 International Drive	McLean	VA	18,437	97,538	37,113	18,785	134,303	153,088	35,718	1999	2006	(c)
8260 Greensboro Drive	McLean	VA	7,952	33,964	8,645	8,102	42,459	50,561	14,217	1980	2006	(c)
8521 Leesburg Pike	Vienna	VA	4,316	30,885	(1,511)	3,587	30,103	33,690	12,032	1984	2006	(c)
Dabney Westwood	Richmond	VA	1,732	—	3,690	819	4,603	5,422	185	NA	1998	(c)
AUSTIN, TX
401-405 Colorado Street (h) (i)	Austin	TX	—	100,448	564	—	101,012	101,012	2,728	2022	N/A	(c)
11501 Burnet Road - Building 1	Austin	TX	3,755	22,702	4	3,755	22,706	26,461	8,876	1991	2015	(c)
11501 Burnet Road - Building 2	Austin	TX	2,732	16,305	1,473	2,732	17,778	20,510	7,422	1991	2015	(c)
11501 Burnet Road - Building 3	Austin	TX	3,688	22,348	6,421	3,688	28,769	32,457	9,372	1991	2015	(c)
11501 Burnet Road - Building 4	Austin	TX	2,614	15,740	3	2,614	15,743	18,357	6,153	1991	2015	(c)
11501 Burnet Road - Building 5	Austin	TX	3,689	22,354	4	3,689	22,358	26,047	8,740	1991	2015	(c)
11501 Burnet Road - Building 6	Austin	TX	2,676	15,972	13,855	2,676	29,827	32,503	12,555	1991	2015	(c)
11501 Burnet Road - Building 8	Austin	TX	1,400	7,422	1,776	1,400	9,198	10,598	3,594	1991	2015	(c)
11501 Burnet Road - Parking Garage	Austin	TX	—	19,826	1,538	—	21,364	21,364	8,740	1991	2015	(c)
Four Points Centre 3 (11120 Four Points Drive)	Austin	TX	1,140	—	40,322	1,141	40,321	41,462	6,849	2019	2013	(c)
One Barton Skyway (1501 South MoPac Expressway)	Austin	TX	10,496	47,670	7,970	10,495	55,641	66,136	6,565	1999	2018	(c)
Two Barton Skyway (1601 South MoPac Expressway)	Austin	TX	10,849	53,868	3,889	10,848	57,758	68,606	7,271	2000	2018	(c)
Three Barton Skyway (1221 South MoPac Expressway)	Austin	TX	10,374	47,624	1,027	10,373	48,652	59,025	5,158	2001	2018	(c)
Four Barton Skyway (1301 South MoPac Expressway)	Austin	TX	13,301	57,041	7,611	13,300	64,653	77,953	7,096	2001	2018	(c)

			Initial Cost						Gross Amount Which Carried December 31, 2022
Property Name	City	State	Land		Building & Improvements		Net Improvements (Retirements) Since Acquisition		Land		Building & Improvements		Total (a)		Accumulated Depreciation at December 31, 2022 (b)		Year of Construction	Year Acquired	Depreciable Life
Four Points Centre (11305 Four Points Drive)	Austin	TX	7,800		43,581		4,515		7,800		48,096		55,896		6,275		2008	2018	(c)
River Place - Building 1 (6500 River Place Boulevard)	Austin	TX	2,004		17,680		562		2,004		18,242		20,246		2,189		2000	2018	(c)
River Place - Building 2 (6500 River Place Boulevard)	Austin	TX	3,137		29,254		806		3,137		30,060		33,197		3,432		2000	2018	(c)
River Place - Building 3 (6500 River Place Boulevard)	Austin	TX	3,064		26,705		447		3,064		27,152		30,216		2,931		2000	2018	(c)
River Place - Building 4 (6500 River Place Boulevard	Austin	TX	2,273		18,617		1,716		2,273		20,333		22,606		2,903		2000	2018	(c)
River Place - Building 5 (6500 River Place Boulevard)	Austin	TX	1,752		14,315		692		1,752		15,007		16,759		1,655		2001	2018	(c)
River Place - Building 6 (6500 River Place Boulevard)	Austin	TX	1,598		12,945		703		1,598		13,648		15,246		1,490		2001	2018	(c)
River Place - Building 7 (6500 River Place Boulevard)	Austin	TX	1,801		16,486		1,208		1,801		17,694		19,495		2,468		2002	2018	(c)
Quarry Lake II (4516 Seton Center Parkway)	Austin	TX	3,970		30,546		1,174		3,867		31,823		35,690		3,611		1998	2018	(c)
OTHER
Main Street - Plaza 1000	Voorhees	NJ	2,732		10,942		284		2,732		11,226		13,958		11,054		1988	1997	(c)
Main Street - Piazza	Voorhees	NJ	696		2,802		3,586		704		6,380		7,084		4,547		1990	1997	(c)
Main Street - Promenade	Voorhees	NJ	532		2,052		311		532		2,363		2,895		1,561		1988	1997	(c)
920 North King Street	Wilmington	DE	6,141		21,140		7,108		6,141		28,248		34,389		16,427		1989	2004	(c)
300 Delaware Avenue	Wilmington	DE	6,369		13,739		2,750		6,369		16,489		22,858		10,393		1989	2004	(c)
	Total:		$	359,777	$	2,527,685	$	729,778	$	403,998	$	3,213,242	$	3,617,240	$	1,063,060

Reconciliation of Real Estate:

The following table reconciles the real estate investments from January 1, 2020 to December 31, 2022 (in thousands):

	2022		2021		2020
Balance at beginning of year	$	3,472,602	$	3,474,109	$	4,006,459
Additions:
Acquisitions	—		—		9,722
Capital expenditures and assets placed into service	212,874		134,931		113,221
Less:
Dispositions/impairments/placed into redevelopment	(32,951)		(82,247)		(619,086)
Retirements	(35,285)		(54,191)		(36,207)
Balance at end of year	$	3,617,240	$	3,472,602	$	3,474,109
Per consolidated balance sheet	$	3,617,240	$	3,472,602	$	3,474,109

The aggregate cost for federal income tax purposes is $3.2 billion as of December 31, 2022.

(b)Reconciliation of Accumulated Depreciation:

The following table reconciles the accumulated depreciation on real estate investments from January 1, 2020 to December 31, 2022 (in thousands):

	2022		2021		2020
Balance at beginning of year	$	957,450	$	896,561	$	973,318
Additions:
Depreciation expense	147,735		136,171		138,822
Less:
Dispositions/impairments/placed into redevelopment	(7,341)		(24,440)		(182,526)
Retirements	(34,784)		(50,842)		(33,053)
Balance at end of year	$	1,063,060	$	957,450	$	896,561
Per consolidated balance sheet	$	1,063,060	$	957,450	$	896,561

(c)Depreciation of the buildings and improvements are calculated over lives ranging from the life of the lease to 55 years.

(d)Land value represents unamortized prepaid ground lease.

(e)250 King of Prussia Road was partially placed into service in 2022.

(f)Reflects original construction date. Significant improvements were made to 3000 Market Street in 1988 and to The Bulletin Building in 2012.

(g)Represent leasehold interests in land parcels acquired through prepaid 99-year ground leases. Development has not yet commenced on the parcel. Building and improvements represent costs related to parking operations.

(h)401-405 Colorado Street was partially placed into service in 2021.

(i)Initial cost for projects undergoing development or redevelopment is the cost at end of first complete calendar year subsequent to the property being first placed into service.