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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Real estate investments:    
Operating properties $ 3,437,074 $ 3,474,109
Accumulated depreciation (957,793) (896,561)
Right of use asset - operating leases, net 20,478 20,977
Operating real estate investments, net 2,499,759 2,598,525
Construction-in-progress 266,263 210,311
Land held for development 118,684 117,984
Prepaid leasehold interests in land held for development, net 27,762 39,185
Total real estate investments, net 2,912,468 2,966,005
Assets held for sale, net 562 7,349
Cash and cash equivalents 42,484 46,344
Accounts receivable 11,645 13,536
Accrued rent receivable, net of allowance of $4,133 and $5,086 as of September 30, 2021 and December 31, 2020, respectively 165,564 155,372
Investment in unconsolidated real estate ventures 449,658 401,327
Deferred costs, net 81,632 84,856
Intangible assets, net 34,514 48,570
Other assets 131,230 176,747
Total assets 3,829,757 3,900,106
LIABILITIES AND EQUITY    
Unsecured term loan, net 249,477 249,084
Unsecured senior notes, net 1,581,112 1,581,511
Accounts payable and accrued expenses 133,615 121,982
Distributions payable 32,763 32,706
Deferred income, gains and rent 21,861 21,396
Intangible liabilities, net 14,451 18,448
Lease liability - operating leases 22,911 22,758
Other liabilities 48,090 47,573
Total liabilities 2,104,280 2,095,458
Commitments and contingencies (See Note 15)
Equity:    
Common Shares of Brandywine Realty Trust's beneficial interest, $0.01 par value; shares authorized 400,000,000; 171,126,257 and 170,572,964 issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 1,712 1,707
Additional paid-in-capital 3,145,209 3,138,152
Deferred compensation payable in common shares 18,491 17,516
Common shares in grantor trust, 1,169,703 and 1,160,494 issued and outstanding as of September 30, 2021 and December 31, 2020, respectively (18,491) (17,516)
Cumulative earnings 1,117,804 1,110,083
Accumulated other comprehensive loss (4,333) (7,561)
Cumulative distributions (2,545,979) (2,448,238)
Total Brandywine Realty Trust's equity 1,714,413 1,794,143
Noncontrolling interests 11,064 10,505
Total beneficiaries' equity 1,725,477 1,804,648
Total liabilities and beneficiaries' equity 3,829,757 3,900,106
BRANDYWINE OPERATING PARTNERSHIP, L.P.    
Real estate investments:    
Operating properties 3,437,074 3,474,109
Accumulated depreciation (957,793) (896,561)
Right of use asset - operating leases, net 20,478 20,977
Operating real estate investments, net 2,499,759 2,598,525
Construction-in-progress 266,263 210,311
Land held for development 118,684 117,984
Prepaid leasehold interests in land held for development, net 27,762 39,185
Total real estate investments, net 2,912,468 2,966,005
Assets held for sale, net 562 7,349
Cash and cash equivalents 42,484 46,344
Accounts receivable 11,645 13,536
Accrued rent receivable, net of allowance of $4,133 and $5,086 as of September 30, 2021 and December 31, 2020, respectively 165,564 155,372
Investment in unconsolidated real estate ventures 449,658 401,327
Deferred costs, net 81,632 84,856
Intangible assets, net 34,514 48,570
Other assets 131,230 176,747
Total assets 3,829,757 3,900,106
LIABILITIES AND EQUITY    
Unsecured term loan, net 249,477 249,084
Unsecured senior notes, net 1,581,112 1,581,511
Accounts payable and accrued expenses 133,615 121,982
Distributions payable 32,763 32,706
Deferred income, gains and rent 21,861 21,396
Intangible liabilities, net 14,451 18,448
Lease liability - operating leases 22,911 22,758
Other liabilities 48,090 47,573
Total liabilities 2,104,280 2,095,458
Commitments and contingencies (See Note 15)
Redeemable limited partnership units at redemption value; 823,983 and 981,634 issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 11,170 11,566
Equity:    
General Partnership Capital; 171,126,257 and 170,572,964 units issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 1,718,929 1,800,945
Accumulated other comprehensive loss (4,690) (7,935)
Total Brandywine Operating Partnership, L.P.'s equity 1,714,239 1,793,010
Noncontrolling interest - consolidated real estate ventures 68 72
Total partners' equity 1,714,307 1,793,082
Total liabilities and beneficiaries' equity $ 3,829,757 $ 3,900,106