Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2020

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, 2020

(in thousands)

			Initial Cost						Gross Amount Which Carried December 31, 2020
Property Name	City	State	Land		Building & Improvements		Net Improvements (Retirements) Since Acquisition		Land		Building & Improvements		Total (a)		Accumulated Depreciation at December 31, 2020 (b)		Year of Construction	Year Acquired	Depreciable Life
PENNSYLVANIA SUBURBS
Six Tower Bridge (181 Washington Street)	Conshohocken	PA	$	6,927	$	14,722	$	2,166	$	6,237	$	17,578	$	23,815	$	4,228	1999	2013	(c)
426 West Lancaster Avenue	Devon	PA	1,689		6,756		8,833		1,686		15,592		17,278		512		1990	1998	(c)
52 Swedesford Square	East Whiteland Twp.	PA	4,241		16,579		(20,820)		—		—		—		—		1988	1998	(c)
640 Freedom Business Center (d)	King Of Prussia	PA	1,015		20,098		4,838		387		25,564		25,951		15,229		1991	1998	(c)
620 Freedom Business Center (d)	King Of Prussia	PA	666		13,118		1,888		252		15,420		15,672		9,416		1986	1998	(c)
1000 First Avenue	King Of Prussia	PA	—		13,708		3,235		—		16,943		16,943		11,450		1980	1998	(c)
1060 First Avenue	King Of Prussia	PA	—		13,665		4,279		—		17,944		17,944		11,741		1987	1998	(c)
630 Freedom Business Center Drive (d)	King Of Prussia	PA	666		13,251		3,497		255		17,159		17,414		10,139		1989	1998	(c)
1020 First Avenue	King Of Prussia	PA	—		10,744		4,306		—		15,050		15,050		9,726		1984	1998	(c)
1040 First Avenue	King Of Prussia	PA	—		14,142		5,218		—		19,360		19,360		12,870		1985	1998	(c)
610 Freedom Business Center Drive (d)	King Of Prussia	PA	485		9,602		2,554		185		12,456		12,641		7,514		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		385		1,012		4,433		5,445		2,768		1964	1998	(c)
933 First Avenue	King Of Prussia	PA	3,127		20,794		(1,125)		3,127		19,669		22,796		3,085		2017	N/A	(c)
500 North Gulph Road	King Of Prussia	PA	1,303		5,201		21,471		1,303		26,672		27,975		2,363		1979	1996	(c)
401 Plymouth Road	Plymouth Meeting	PA	6,199		16,131		15,658		6,199		31,789		37,988		15,816		2001	2000	(c)
Metroplex (4000 Chemical Road)	Plymouth Meeting	PA	4,373		24,546		4,627		4,373		29,173		33,546		8,071		2007	2001	(c)
610 West Germantown Pike	Plymouth Meeting	PA	3,651		14,514		3,578		3,651		18,092		21,743		8,855		1987	2002	(c)
600 West Germantown Pike	Plymouth Meeting	PA	3,652		15,288		2,463		3,652		17,751		21,403		8,450		1986	2002	(c)
630 West Germantown Pike	Plymouth Meeting	PA	3,558		14,743		2,189		3,558		16,932		20,490		8,115		1988	2002	(c)
620 West Germantown Pike	Plymouth Meeting	PA	3,572		14,435		1,866		3,572		16,301		19,873		7,411		1990	2002	(c)
660 West Germantown Pike	Plymouth Meeting	PA	3,694		5,487		19,682		5,405		23,458		28,863		6,822		1987	2012	(c)
351 Plymouth Road	Plymouth Meeting	PA	1,043		555		—		1,043		555		1,598		218		N/A	2000	(c)
150 Radnor Chester Road	Radnor	PA	11,925		36,986		21,658		11,897		58,672		70,569		20,187		1983	2004	(c)
One Radnor Corporate Center	Radnor	PA	7,323		28,613		19,813		7,323		48,426		55,749		30,728		1998	2004	(c)
201 King of Prussia Road	Radnor	PA	8,956		29,811		4,307		8,949		34,125		43,074		20,508		2001	2004	(c)
555 Lancaster Avenue	Radnor	PA	8,014		16,508		19,871		8,609		35,784		44,393		20,245		1973	2004	(c)
Four Radnor Corporate Center	Radnor	PA	5,406		21,390		12,633		5,705		33,724		39,429		17,020		1995	2004	(c)
Five Radnor Corporate Center	Radnor	PA	6,506		25,525		8,906		6,578		34,359		40,937		13,689		1998	2004	(c)
Three Radnor Corporate Center	Radnor	PA	4,773		17,961		2,173		4,791		20,116		24,907		10,527		1998	2004	(c)
Two Radnor Corporate Center	Radnor	PA	3,937		15,484		2,879		3,942		18,358		22,300		10,463		1998	2004	(c)
130 Radnor Chester Road	Radnor	PA	2,573		8,338		(134)		2,567		8,210		10,777		3,764		1983	2004	(c)
170 Radnor Chester Road	Radnor	PA	2,514		8,147		1,728		2,509		9,880		12,389		4,784		1983	2004	(c)
200 Radnor Chester Road	Radnor	PA	3,366		—		3,621		3,366		3,621		6,987		857		2014	2005	(c)
101 West Elm Street	W. Conshohocken	PA	6,251		25,209		2,940		6,251		28,149		34,400		10,949		1999	2005	(c)
1 West Elm Street	W. Conshohocken	PA	3,557		14,249		984		3,557		15,233		18,790		5,955		1999	2005	(c)
Four Tower Bridge (200 Barr Harbor Drive)	W. Conshohocken	PA	6,000		14,734		390		6,000		15,124		21,124		1,213		1998	2018	(c)

			Initial Cost			Gross Amount Which Carried December 31, 2020
Property Name	City	State	Land	Building & Improvements	Net Improvements (Retirements) Since Acquisition	Land	Building & Improvements	Total (a)	Accumulated Depreciation at December 31, 2020 (b)	Year of Construction	Year Acquired	Depreciable Life
PHILADELPHIA CBD
Cira Centre (2929 Arch Street)	Philadelphia	PA	—	208,570	(16,549)	12,586	179,435	192,021	68,536	2005	N/A	(c)
Three Logan Square (1717 Arch Street)	Philadelphia	PA	—	98,188	83,981	25,195	156,974	182,169	46,611	1990	2010	(c)
One Logan Square (130 North 18th Street)	Philadelphia	PA	14,496	107,736	29,992	14,473	137,751	152,224	67,932	1998	2004	(c)
Two Logan Square (100 North 18th Street)	Philadelphia	PA	16,066	100,255	27,936	16,066	128,191	144,257	53,177	1988	2004	(c)
Cira Centre South Garage (129 South 30th Street) (d)	Philadelphia	PA	—	76,008	26,961	6,816	96,153	102,969	22,377	2010	N/A	(c)
1900 Market Street	Philadelphia	PA	7,768	17,263	63,616	7,768	80,879	88,647	20,545	1981	2012	(c)
3020 Market Street	Philadelphia	PA	—	21,417	7,827	—	29,244	29,244	11,501	1959	2011	(c)
618-634 Market Street	Philadelphia	PA	13,365	5,791	2,810	13,365	8,601	21,966	6,522	1966	2015	(c)
FMC Tower at Cira Centre South (2929 Walnut Street)	Philadelphia	PA	—	400,294	18,005	—	418,299	418,299	63,196	2016	N/A	(c)
2100 Market Street	Philadelphia	PA	18,827	—	6,433	18,854	6,406	25,260	1,517	N/A	2015	(c)
1505-11 Race Street	Philadelphia	PA	3,662	6,061	8	3,670	6,061	9,731	25	1922	2020	(c)
The Bulletin Building (3025 Market Street) (e)	Philadelphia	PA	—	24,377	42,669	—	67,046	67,046	4,405	1953	2017	(c)
3001-3003 JFK Boulevard (f)	Philadelphia	PA	—	—	111	—	111	111	17	N/A	2018	N/A
3025 JFK Boulevard (f)	Philadelphia	PA	—	—	—	—	—	—	—	N/A	2018	N/A
METROPOLITAN WASHINGTON, D.C.
6600 Rockledge Drive	Bethesda	MD	—	37,421	10,036	—	47,457	47,457	16,270	1981	2006	(c)
2340 Dulles Corner Boulevard	Herndon	VA	16,345	65,379	524	16,129	66,119	82,248	23,858	1987	2006	(c)
1676 International Drive	McLean	VA	18,437	97,538	17,656	18,785	114,846	133,631	27,969	1999	2006	(c)
8260 Greensboro Drive	McLean	VA	7,952	33,964	5,313	8,102	39,127	47,229	12,664	1980	2006	(c)
8521 Leesburg Pike	Vienna	VA	4,316	30,885	7,007	4,397	37,811	42,208	12,898	1984	2006	(c)
AUSTIN, TX
11501 Burnet Road - Building 1	Austin	TX	3,755	22,702	12	3,755	22,714	26,469	3,788	1991	2015	(c)
11501 Burnet Road - Building 2	Austin	TX	2,732	16,305	1,479	2,732	17,784	20,516	3,471	1991	2015	(c)
11501 Burnet Road - Building 3	Austin	TX	3,688	22,348	10	3,688	22,358	26,046	3,729	1991	2015	(c)
11501 Burnet Road - Building 4	Austin	TX	2,614	15,740	8	2,614	15,748	18,362	2,628	1991	2015	(c)
11501 Burnet Road - Building 5	Austin	TX	3,689	22,354	13	3,689	22,367	26,056	3,733	1991	2015	(c)
11501 Burnet Road - Building 6	Austin	TX	2,676	15,972	14,133	2,676	30,105	32,781	5,446	1991	2015	(c)
11501 Burnet Road - Building 8	Austin	TX	1,400	7,422	1,523	1,400	8,945	10,345	1,536	1991	2015	(c)
11501 Burnet Road - Parking Garage	Austin	TX	—	19,826	6	—	19,832	19,832	4,378	1991	2015	(c)
Four Points Centre 3 (11120 Four Points Drive)	Austin	TX	1,140	—	40,330	1,141	40,329	41,470	3,279	2019	2013	(c)
One Barton Skyway (1501 South MoPac Expressway)	Austin	TX	10,496	47,670	3,448	10,495	51,119	61,614	2,826	1999	2018	(c)
Two Barton Skyway (1601 South MoPac Expressway)	Austin	TX	10,849	53,868	2,820	10,848	56,689	67,537	3,532	2000	2018	(c)
Three Barton Skyway (1221 South MoPac Expressway)	Austin	TX	10,374	47,624	304	10,373	47,929	58,302	2,603	2001	2018	(c)
Four Barton Skyway (1301 South MoPac Expressway)	Austin	TX	13,301	57,041	2,904	13,300	59,946	73,246	3,162	2001	2018	(c)

			Initial Cost						Gross Amount Which Carried December 31, 2020
Property Name	City	State	Land		Building & Improvements		Net Improvements (Retirements) Since Acquisition		Land		Building & Improvements		Total (a)		Accumulated Depreciation at December 31, 2020 (b)		Year of Construction	Year Acquired	Depreciable Life
Four Points Centre (11305 Four Points Drive)	Austin	TX	7,800		43,581		3,923		7,800		47,504		55,304		3,024		2008	2018	(c)
River Place - Building 1 (6500 River Place Boulevard)	Austin	TX	2,004		17,680		537		2,004		18,217		20,221		1,072		2000	2018	(c)
River Place - Building 2 (6500 River Place Boulevard)	Austin	TX	3,137		29,254		618		3,137		29,872		33,009		1,634		2000	2018	(c)
River Place - Building 3 (6500 River Place Boulevard)	Austin	TX	3,064		26,705		279		3,064		26,984		30,048		1,429		2000	2018	(c)
River Place - Building 4 (6500 River Place Boulevard	Austin	TX	2,273		18,617		1,047		2,273		19,664		21,937		1,345		2000	2018	(c)
River Place - Building 5 (6500 River Place Boulevard)	Austin	TX	1,752		14,315		97		1,752		14,412		16,164		768		2001	2018	(c)
River Place - Building 6 (6500 River Place Boulevard)	Austin	TX	1,598		12,945		22		1,598		12,967		14,565		690		2001	2018	(c)
River Place - Building 7 (6500 River Place Boulevard)	Austin	TX	1,801		16,486		1,094		1,801		17,580		19,381		1,210		2002	2018	(c)
Quarry Lake II (4516 Seton Center Parkway)	Austin	TX	3,970		30,546		1,024		3,867		31,673		35,540		1,772		1998	2018	(c)
OTHER
10 Foster Avenue	Gibbsboro	NJ	244		971		164		244		1,135		1,379		659		1983	1997	(c)
7 Foster Avenue	Gibbsboro	NJ	231		921		31		231		952		1,183		575		1983	1997	(c)
2 Foster Avenue	Gibbsboro	NJ	185		730		11		185		741		926		741		1974	1997	(c)
4 Foster Avenue	Gibbsboro	NJ	183		726		6		183		732		915		732		1974	1997	(c)
1 Foster Avenue	Gibbsboro	NJ	93		364		8		93		372		465		372		1972	1997	(c)
5 U.S. Avenue	Gibbsboro	NJ	21		81		2		21		83		104		83		1987	1997	(c)
5 Foster Avenue	Gibbsboro	NJ	9		32		3		9		35		44		35		1968	1997	(c)
Main Street - Plaza 1000	Voorhees	NJ	2,732		10,942		284		2,732		11,226		13,958		11,017		1988	1997	(c)
Main Street - Piazza	Voorhees	NJ	696		2,802		3,631		704		6,425		7,129		3,837		1990	1997	(c)
Main Street - Promenade	Voorhees	NJ	532		2,052		326		532		2,378		2,910		1,432		1988	1997	(c)
920 North King Street	Wilmington	DE	6,141		21,140		8,059		6,141		29,199		35,340		14,492		1989	2004	(c)
300 Delaware Avenue	Wilmington	DE	6,369		13,739		2,657		6,369		16,396		22,765		9,823		1989	2004	(c)
	Total:		$	366,673	$	2,494,108	$	613,328	$	407,514	$	3,066,595	$	3,474,109	$	896,561

Reconciliation of Real Estate:

The following table reconciles the real estate investments from January 1, 2018 to December 31, 2020 (in thousands):

	2020		2019		2018
Balance at beginning of year	$	4,006,459	$	3,951,719	$	3,830,824
Additions:
Acquisitions	9,722		—		509,654
Capital expenditures and assets placed into service	113,221		145,378		129,274
Less:
Dispositions/impairments/placed into redevelopment	(619,086)		(50,792)		(469,517)
Retirements	(36,207)		(39,846)		(48,516)
Balance at end of year	$	3,474,109	$	4,006,459	$	3,951,719
Per consolidated balance sheet	$	3,474,109	$	4,006,459	$	3,951,719

The aggregate cost for federal income tax purposes is $2.9 billion as of December 31, 2020.

(b)Reconciliation of Accumulated Depreciation:

The following table reconciles the accumulated depreciation on real estate investments from January 1, 2018 to December 31, 2020 (in thousands):

	2020		2019		2018
Balance at beginning of year	$	973,318	$	885,407	$	913,297
Additions:
Depreciation expense	138,822		144,131		137,213
Less:
Dispositions/impairments/placed into redevelopment	(182,526)		(16,783)		(117,589)
Retirements	(33,053)		(39,437)		(47,514)
Balance at end of year	$	896,561	$	973,318	$	885,407
Per consolidated balance sheet	$	896,561	$	973,318	$	885,407

(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)Reflects original construction date. Significant improvements were made to The Bulletin Building in 2012.

(f)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.