EX-25 55 ex25-1.htm EXHIBIT 25.1 Prepared and filed by St Ives Burrups

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FORM T-1

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE

CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2)           |__|

___________________________

THE BANK OF NEW YORK

(Exact name of trustee as specified in its charter)

New York
(State of incorporation
if not a U.S. national bank)
13-5160382
(I.R.S. employer
identification no.)
   
One Wall Street, New York, N.Y.
(Address of principal executive offices)
10286
(Zip code)

___________________________

BRANDYWINE REALTY TRUST
(Exact name of obligor as specified in its charter)

Maryland
(State or other jurisdiction of
incorporation or organization)
23-2413352
(I.R.S. employer
identification no.)

BRANDYWINE OPERATING PARTNERSHIP, L.P.
(Exact name of obligor as specified in its charter)

Delaware
(State or other jurisdiction of
incorporation or organization)
23-2862640
(I.R.S. employer
identification no.)


TABLE OF CO-REGISTRANTS

Name of Registrant as Specified in its Charter   State or Other Jurisdiction of Incorporation
or Organization
  I.R.S. Employer
Identification Number



AAPOP 2, L.P.   Delaware   23-2901049
Brandywine Ambassador, L.P.   Pennsylvania   23-3012908
Brandywine Central L.P.   Pennsylvania   23-1946970
Brandywine Cira, L.P.   Pennsylvania   20-0342137
Brandywine F.C., L.P.   Pennsylvania   20-1238432
Brandywine Grande B, L.P.   Delaware   23-2977952
Brandywine Metroplex, L.P.   Pennsylvania   23-3064291
Brandywine P.M., L.P.   Pennsylvania   23-2947776
Brandywine TB Florig, L.P.   Pennsylvania   23-3076172
Brandywine TB Inn, L.P.   Pennsylvania   23-3081409
Brandywine TB I, L.P.   Pennsylvania   23-2947784
Brandywine TB II, L.P.   Pennsylvania   23-2947790
Brandywine TB V, L.P.   Pennsylvania   23-2947794
Brandywine TB VI, L.P.   Pennsylvania   23-2971995
Brandywine TB VIII, L.P.   Pennsylvania   23-3076170
C/N Iron Run Limited Partnership III   Pennsylvania   23-2895861
C/N Leedom Limited Partnership II   Pennsylvania   23-2877566
C/N Oaklands Limited Partnership I   Pennsylvania   23-2877569
C/N Oaklands Limited Partnership III   Pennsylvania   23-2877558
e-Tenants.com Holding, L.P.   Pennsylvania   23-3076174
Fifteen Horsham, L.P.   Pennsylvania   23-2877570
Iron Run Limited Partnership V   Pennsylvania   23-2877557
LC/N Horsham Limited Partnership   Pennsylvania   23-2877563
LC/N Keith Valley Limited Partnership I   Pennsylvania   23-2877564
Newtech IV Limited Partnership   Pennsylvania   23-2877568
Nichols Lansdale Limited Partnership III   Pennsylvania   23-2877561
Witmer Operating Partnership I, L.P.   Delaware   23-2877571
100 Arrandale Associates, L.P.   Pennsylvania   23-2864652
111 Arrandale Associates, L.P.   Pennsylvania   23-2853429
440 Creamery Way Associates, L.P.   Pennsylvania   23-2565917
442 Creamery Way Associates, L.P.   Pennsylvania   23-2561338
481 John Young Way Associates, L.P.   Pennsylvania   23-2853426
Interstate Center Associates   Virginia   54-1815494
IR Northlight II Associates   Pennsylvania   23-2926116
Plymouth TFC General Partnership   Pennsylvania   23-2941286
BTRS, Inc.   Delaware   23-3084141
Southpoint Land Holdings, Inc.   Pennsylvania   23-2557504
Valleybrooke Land Holdings, Inc.   Pennsylvania   23-2552215
Brandywine Ambassador, L.L.C.   Pennsylvania   23-3012909
Brandywine Charlottesville LLC   Virginia   54-1991092
Brandywine Christina LLC   Delaware   23-3101977
Brandywine Cira, LLC   Pennsylvania   20-0342081
Brandywine Dabney, L.L.C.   Delaware   23-2977512
Brandywine Dominion, L.L.C.   Pennsylvania   23-2947771

 

Name of Registrant as Specified in its Charter   State or Other Jurisdiction of Incorporation
or Organization
  I.R.S. Employer
Identification Number



Brandywine F.C., L.L.C.   Pennsylvania   20-1238298
Brandywine Grande B, LLC   Delaware   20-1244735
Brandywine Greentree V, LLC   Delaware   20-1365606
Brandywine Interstate 50, L.L.C.   Delaware   23-2983152
Brandywine – Main Street, LLC   Delaware   23-2907342
Brandywine Metroplex LLC   Pennsylvania   23-3064290
Brandywine P.M., L.L.C.   Pennsylvania   23-2947779
Brandywine Piazza, L.L.C.   New Jersey   23-3640190
Brandywine Plaza 1000, L.L.C.   New Jersey   22-3640196
Brandywine Promenade, L.L.C.   New Jersey   23-3640188
Brandywine TB Florig, LLC   Pennsylvania   23-3076168
Brandywine TB Inn, L.L.C.   Pennsylvania   23-3081407
Brandywine TB I, L.L.C.   Pennsylvania   23-2947782
Brandywine TB II, L.L.C.   Pennsylvania   23-2947787
Brandywine TB V, L.L.C.   Pennsylvania   23-2947792
Brandywine TB VI, L.L.C.   Pennsylvania   23-2971993
Brandywine TB VIII, L.L.C.   Pennsylvania   23-3076169
Brandywine Trenton Urban Renewal, L.L.C.   Delaware   52-2088312
Brandywine Witmer, L.L.C.   Pennsylvania   23-2947796
Christiana Center Operating Company III LLC   Delaware   23-3032421
e-Tenants LLC   Delaware   23-3040699
Brandywine Byberry LP   Delaware   20-2392951
Brandywine Midatlantic LP   Delaware   23-2940643
OLS Office Partners, L.P.   Delaware   23-3000010
Radnor Center Associates   Pennsylvania   23-2767843
Radnor Properties Associates-II, L.P.   Delaware   23-3074619
Radnor Properties-SDC, L.P.   Delaware   23-3074633
Radnor Properties-200 RC Holdings, L.P.   Delaware   16-1714258
Radnor Properties-200 RC, L.P.   Delaware   23-3074635
Radnor Properties-201 KOP, L.P.   Delaware   23-3074626
Radnor Properties-555 LA, L.P.   Delaware   23-3074630
Brandywine Byberry LLC   Delaware   20-2168640
Brandywine Midatlantic LLC   Delaware   20-1626311
Brandywine One Logan LLC   Pennsylvania   23-2984508
Brandywine One Rodney Square LLC   Delaware   23-3091086
Brandywine Radnor Center LLC   Pennsylvania   23-3066194
Brandywine Radnor 200 Holdings LLC   Delaware   20-2215308
Brandywine 300 Delaware LLC   Delaware   51-0391799
Radnor GP, L.L.C.   Delaware   23-3063212
Radnor GP-SDC, L.L.C.   Delaware   23-3074632
Radnor GP-200 RC, L.L.C.   Delaware   23-3074634
Radnor GP-201 KOP, L.L.C.   Delaware   23-3074624
Radnor GP-555 LA, L.L.C.   Delaware   23-3074629

 


401 Plymouth Road, Suite 500
Plymouth Meeting, Pennsylvania
(Address of principal executive offices)


19462
(Zip code)

___________________________

Debt Securities
(Title of the indenture securities)

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1. General information. Furnish the following information as to the Trustee:
     
  (a) Name and address of each examining or supervising authority to which it is subject.
   


Name Address


          Superintendent of Banks of the State of New York One State Street, New York, N.Y. 10004-1417, and Albany, N.Y. 12223
   
          Federal Reserve Bank of New York 33 Liberty Street, New York, N.Y. 10045
   
          Federal Deposit Insurance Corporation Washington, D.C. 20429
   
          New York Clearing House Association New York, New York 10005
     
  (b) Whether it is authorized to exercise corporate trust powers.
   
  Yes.
   
2. Affiliations with Obligor.
   
  If the obligor is an affiliate of the trustee, describe each such affiliation.
   
  None.
   
16. List of Exhibits.
   
  Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the "Act") and 17 C.F.R. 229.10(d).
     
  1. A copy of the Organization Certificate of The Bank of New York (formerly Irving Trust Company) as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1 filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with Registration Statement No. 33-21672, Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637 and Exhibit 1 to Form
T-1 filed with Registration Statement No. 333-121195.)
     
  4. A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-121195.)
     
  6. The consent of the Trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-106702.)
     
  7. A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.

 


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SIGNATURE

     Pursuant to the requirements of the Act, the Trustee, The Bank of New York, a corporation organized and existing under the laws of the State of New York, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of New York, and State of New York, on the 3rd day of May, 2005.

   
  THE BANK OF NEW YORK
     
 
By:
/S/    ROBERT A. MASSIMILLO
    Name: ROBERT A. MASSIMILLO
    Title: VICE PRESIDENT

 


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EXHIBIT 7


Consolidated Report of Condition of

THE BANK OF NEW YORK

of One Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System, at the close of business December 31, 2004, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.
ASSETS Dollar Amounts
In Thousands
Cash and balances due from depository institutions:  
     Noninterest-bearing balances and currency and coin $  3,866,500
     Interest-bearing balances 8,455,170
Securities:  
     Held-to-maturity securities 1,885,665
     Available-for-sale securities 20,781,508
Federal funds sold and securities purchased under agreements to resell  
     Federal funds sold in domestic offices 3,730,007
     Securities purchased under agreements to resell 847,805
Loans and lease financing receivables:  
     Loans and leases held for sale 0
     Loans and leases, net of unearned income 36,195,743
     LESS: Allowance for loan and lease losses 587,611
     Loans and leases, net of unearned income and allowance 35,608,132
Trading Assets 4,174,521
Premises and fixed assets (including capitalized leases) 949,424
Other real estate owned 754
Investments in unconsolidated subsidiaries and associated companies 268,366
Customers' liability to this bank on acceptances outstanding 52,800
Intangible assets  
     Goodwill 2,746,404
     Other intangible assets 758,137
Other assets 8,013,234
 
Total assets $92,138,427
 
LIABILITIES  
Deposits:  
     In domestic offices $41,480,131
     Noninterest-bearing 16,898,525
     Interest-bearing 24,581,606
     In foreign offices, Edge and Agreement subsidiaries, and IBFs 24,028,722
     Noninterest-bearing 576,431
     Interest-bearing 23,452,291
Federal funds purchased and securities sold under agreements to repurchase  
     Federal funds purchased in domestic offices 1,040,432
     Securities sold under agreements to repurchase 491,007
Trading liabilities 2,724,930
Other borrowed money:
     (includes mortgage indebtedness and obligations under capitalized leases)
4,780,573
Not applicable  
Bank's liability on acceptances executed and outstanding 54,517
Subordinated notes and debentures 2,390,000
Other liabilities 6,901,014
 
Total liabilities $83,891,326
 
Minority interest in consolidated subsidiaries 140,499
   
EQUITY CAPITAL  
Perpetual preferred stock and related surplus 0
Common stock 1,135,284
Surplus (exclude all surplus related to preferred stock) 2,087,221
Retained earnings 4,892,420
Accumulated other comprehensive income -8,323
Other equity capital components 0
 
Total equity capital 8,106,602
 
Total liabilities, minority interest, and equity capital $92,138,427
 
   

     I, Thomas J. Mastro, Senior Vice President and Comptroller of the above-named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.

          Thomas J. Mastro,
Senior Vice President and Comptroller

     We, the undersigned directors, attest to the correctness of this statement of resources and liabilities. We declare that it has been examined by us, and to the best of our knowledge and belief has been prepared in conformance with the instructions and is true and correct.

Thomas A. Renyi
Gerald L. Hassell

Alan R. Griffith
Directors