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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Real estate investments:    
Operating properties $ 3,429,048 $ 3,832,348
Accumulated depreciation (845,674) (895,091)
Operating real estate investments, net 2,583,374 2,937,257
Construction-in-progress 157,075 121,188
Land held for development [1] 77,578 98,242
Prepaid leasehold interests in land held for development, net [2] 40,100 0
Total real estate investments, net 2,858,127 3,156,687
Assets held for sale, net 297,194 392
Cash and cash equivalents 70,360 202,179
Accounts receivable, net of allowance of $3,782 and $3,467 as of September 30, 2018 and December 31, 2017, respectively 13,871 17,938
Accrued rent receivable, net of allowance of $13,562 and $13,645 as of September 30, 2018 and December 31, 2017, respectively 178,013 169,760
Investment in Real Estate Ventures, equity method 167,782 194,621
Deferred costs, net 97,004 96,695
Intangible assets, net 55,139 64,972
Other assets 186,132 92,204
Total assets 3,923,622 3,995,448
LIABILITIES AND EQUITY    
Mortgage notes payable, net 322,588 317,216
Unsecured term loan, net 248,677 248,429
Unsecured senior notes, net 1,366,272 1,365,183
Accounts payable and accrued expenses 116,994 107,074
Distributions payable 32,492 32,456
Deferred income, gains and rent 26,731 42,593
Acquired lease intangibles, net 17,680 20,274
Liabilities related to assets held for sale 826 0
Other liabilities 14,559 15,623
Total liabilities 2,146,819 2,148,848
Commitments and contingencies
Equity:    
Common Shares of Brandywine Realty Trust's beneficial interest, $0.01 par value; shares authorized 400,000,000; 178,602,602 and 178,285,236 issued and outstanding as of September 30, 2018 and December 31, 2017, respectively 1,787 1,784
Additional paid-in-capital 3,223,817 3,218,564
Deferred compensation payable in common shares 14,021 12,445
Common shares in grantor trust, 977,120 and 894,736 issued and outstanding as of September 30, 2018 and December 31, 2017, respectively (14,021) (12,445)
Cumulative earnings 674,599 660,174
Accumulated other comprehensive income 10,239 2,399
Cumulative distributions (2,150,463) (2,053,741)
Total Brandywine Realty Trust's equity 1,759,979 1,829,180
Noncontrolling interests 16,824 17,420
Total beneficiaries' equity 1,776,803 1,846,600
Total liabilities and beneficiaries' equity 3,923,622 3,995,448
BRANDYWINE OPERATING PARTNERSHIP, L.P.    
Real estate investments:    
Operating properties 3,429,048 3,832,348
Accumulated depreciation (845,674) (895,091)
Operating real estate investments, net 2,583,374 2,937,257
Construction-in-progress 157,075 121,188
Land held for development 77,578 98,242
Prepaid leasehold interests in land held for development, net 40,100 0
Total real estate investments, net 2,858,127 3,156,687
Assets held for sale, net 297,194 392
Cash and cash equivalents 70,360 202,179
Accounts receivable, net of allowance of $3,782 and $3,467 as of September 30, 2018 and December 31, 2017, respectively 13,871 17,938
Accrued rent receivable, net of allowance of $13,562 and $13,645 as of September 30, 2018 and December 31, 2017, respectively 178,013 169,760
Investment in Real Estate Ventures, equity method 167,782 194,621
Deferred costs, net 97,004 96,695
Intangible assets, net 55,139 64,972
Other assets 186,132 92,204
Total assets 3,923,622 3,995,448
LIABILITIES AND EQUITY    
Mortgage notes payable, net 322,588 317,216
Unsecured term loan, net 248,677 248,429
Unsecured senior notes, net 1,366,272 1,365,183
Accounts payable and accrued expenses 116,994 107,074
Distributions payable 32,492 32,456
Deferred income, gains and rent 26,731 42,593
Acquired lease intangibles, net 17,680 20,274
Liabilities related to assets held for sale 826 0
Other liabilities 14,559 15,623
Total liabilities 2,146,819 2,148,848
Commitments and contingencies
Redeemable limited partnership units at redemption value; 1,479,799 issued and outstanding as of September 30, 2018 and December 31, 2017 23,239 26,918
Equity:    
General Partnership Capital; 178,602,602 and 178,285,236 issued and outstanding as of September 30, 2018 and December 31, 2017, respectively 1,741,379 1,815,411
Accumulated other comprehensive income 9,962 2,056
Total Brandywine Operating Partnership, L.P.'s equity 1,751,341 1,817,467
Non-controlling interest - consolidated real estate ventures 2,223 2,215
Total partners' equity 1,753,564 1,819,682
Total liabilities and beneficiaries' equity $ 3,923,622 $ 3,995,448
[1] As of September 30, 2018, the Company categorized 37.9 acres of land held for development, comprised of 2.7 acres and 35.2 acres, located in the Pennsylvania Suburbs segment and Other segment, respectively, as held for sale in accordance with applicable accounting standards for long lived assets. As of December 31, 2017, the Company categorized 13.1 acres of land held for development, located in the Other segment, as held for sale in accordance with applicable accounting standards for long lived assets.
[2] As of September 30, 2018, this caption comprised leasehold interests in prepaid 99-year ground leases at 3025 and 3001-3003 JFK Boulevard, in Philadelphia, Pennsylvania. See Note 3, “Real Estate Investments,” for further information.