Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2021

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, 2021

(in thousands)

			Initial Cost						Gross Amount Which Carried December 31, 2021
Property Name	City	State	Land		Building & Improvements		Net Improvements (Retirements) Since Acquisition		Land		Building & Improvements		Total (a)		Accumulated Depreciation at December 31, 2021 (b)		Year of Construction	Year Acquired	Depreciable Life
PENNSYLVANIA SUBURBS
Six Tower Bridge (181 Washington Street)	Conshohocken	PA	$	6,927	$	14,722	$	1,747	$	6,237	$	17,159	$	23,396	$	4,436	1999	2013	(c)
426 West Lancaster Avenue	Devon	PA	1,689		6,756		9,400		1,686		16,159		17,845		1,614		1990	1998	(c)
640 Freedom Business Center (d)	King Of Prussia	PA	1,015		20,098		4,252		360		25,005		25,365		15,445		1991	1998	(c)
620 Freedom Business Center (d)	King Of Prussia	PA	666		13,118		1,498		234		15,048		15,282		9,596		1986	1998	(c)
1000 First Avenue	King Of Prussia	PA	—		13,708		2,806		—		16,514		16,514		11,778		1980	1998	(c)
1060 First Avenue	King Of Prussia	PA	—		13,665		4,014		—		17,679		17,679		12,249		1987	1998	(c)
630 Freedom Business Center Drive (d)	King Of Prussia	PA	666		13,251		2,937		237		16,617		16,854		10,322		1989	1998	(c)
1020 First Avenue	King Of Prussia	PA	—		10,744		4,306		—		15,050		15,050		10,380		1984	1998	(c)
1040 First Avenue	King Of Prussia	PA	—		14,142		4,915		—		19,057		19,057		13,367		1985	1998	(c)
610 Freedom Business Center Drive (d)	King Of Prussia	PA	485		9,602		2,415		172		12,330		12,502		8,007		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		2,888		1964	1998	(c)
933 First Avenue	King Of Prussia	PA	3,127		20,794		(1,125)		3,127		19,669		22,796		3,954		2017	N/A	(c)
500 North Gulph Road	King Of Prussia	PA	1,303		5,201		21,471		1,303		26,672		27,975		3,526		1979	1996	(c)
401 Plymouth Road	Plymouth Meeting	PA	6,199		16,131		15,622		6,199		31,753		37,952		16,559		2001	2000	(c)
Metroplex (4000 Chemical Road)	Plymouth Meeting	PA	4,373		24,546		5,498		4,373		30,044		34,417		8,667		2007	2001	(c)
610 West Germantown Pike	Plymouth Meeting	PA	3,651		14,514		4,493		3,651		19,007		22,658		9,635		1987	2002	(c)
600 West Germantown Pike	Plymouth Meeting	PA	3,652		15,288		2,692		3,652		17,980		21,632		8,989		1986	2002	(c)
630 West Germantown Pike	Plymouth Meeting	PA	3,558		14,743		2,221		3,558		16,964		20,522		8,623		1988	2002	(c)
620 West Germantown Pike	Plymouth Meeting	PA	3,572		14,435		2,541		3,572		16,976		20,548		7,992		1990	2002	(c)
660 West Germantown Pike	Plymouth Meeting	PA	3,694		5,487		19,473		5,405		23,249		28,654		7,549		1987	2012	(c)
351 Plymouth Road	Plymouth Meeting	PA	1,043		555		—		1,043		555		1,598		232		N/A	2000	(c)
150 Radnor Chester Road	Radnor	PA	11,925		36,986		21,940		11,897		58,954		70,851		23,715		1983	2004	(c)
One Radnor Corporate Center	Radnor	PA	7,323		28,613		18,811		7,323		47,424		54,747		33,343		1998	2004	(c)
201 King of Prussia Road	Radnor	PA	8,956		29,811		4,816		8,949		34,634		43,583		22,224		2001	2004	(c)
555 Lancaster Avenue	Radnor	PA	8,014		16,508		10,137		8,609		26,050		34,659		11,546		1973	2004	(c)
Four Radnor Corporate Center	Radnor	PA	5,406		21,390		11,094		5,705		32,185		37,890		17,219		1995	2004	(c)
Five Radnor Corporate Center	Radnor	PA	6,506		25,525		8,682		6,578		34,135		40,713		15,124		1998	2004	(c)
Three Radnor Corporate Center	Radnor	PA	4,773		17,961		2,016		4,791		19,959		24,750		11,401		1998	2004	(c)
Two Radnor Corporate Center	Radnor	PA	3,937		15,484		2,685		3,942		18,164		22,106		11,120		1998	2004	(c)
130 Radnor Chester Road	Radnor	PA	2,573		8,338		(134)		2,567		8,210		10,777		3,997		1983	2004	(c)
170 Radnor Chester Road	Radnor	PA	2,514		8,147		1,667		2,509		9,819		12,328		5,138		1983	2004	(c)
200 Radnor Chester Road	Radnor	PA	3,366		—		3,621		3,366		3,621		6,987		995		2014	2005	(c)
101 West Elm Street	W. Conshohocken	PA	6,251		25,209		3,057		6,251		28,266		34,517		11,729		1999	2005	(c)
1 West Elm Street	W. Conshohocken	PA	3,557		14,249		7,712		3,557		21,961		25,518		6,723		1999	2005	(c)
Four Tower Bridge (200 Barr Harbor Drive)	W. Conshohocken	PA	6,000		14,734		402		6,000		15,136		21,136		1,650		1998	2018	(c)

			Initial Cost			Gross Amount Which Carried December 31, 2021
Property Name	City	State	Land	Building & Improvements	Net Improvements (Retirements) Since Acquisition	Land	Building & Improvements	Total (a)	Accumulated Depreciation at December 31, 2021 (b)	Year of Construction	Year Acquired	Depreciable Life
PHILADELPHIA CBD
Cira Centre (2929 Arch Street)	Philadelphia	PA	—	208,570	(22,427)	12,586	173,557	186,143	67,765	2005	N/A	(c)
Three Logan Square (1717 Arch Street)	Philadelphia	PA	—	98,188	84,992	25,195	157,985	183,180	54,136	1990	2010	(c)
One Logan Square (130 North 18th Street)	Philadelphia	PA	14,496	107,736	21,633	14,473	129,392	143,865	65,373	1998	2004	(c)
Two Logan Square (100 North 18th Street)	Philadelphia	PA	16,066	100,255	26,795	16,066	127,050	143,116	56,054	1988	2004	(c)
Cira Centre South Garage (129 South 30th Street) (d)	Philadelphia	PA	—	76,008	26,885	6,727	96,166	102,893	25,080	2010	N/A	(c)
1900 Market Street	Philadelphia	PA	7,768	17,263	61,783	7,768	79,046	86,814	25,142	1981	2012	(c)
3020 Market Street	Philadelphia	PA	—	21,417	7,751	—	29,168	29,168	12,800	1959	2011	(c)
618-634 Market Street	Philadelphia	PA	13,365	5,791	5,186	13,365	10,977	24,342	6,821	1966	2015	(c)
FMC Tower at Cira Centre South (2929 Walnut Street)	Philadelphia	PA	—	400,294	9,493	—	409,787	409,787	70,803	2016	N/A	(c)
2100 Market Street	Philadelphia	PA	18,827	—	6,300	18,854	6,273	25,127	1,858	N/A	2015	(c)
1505-11 Race Street	Philadelphia	PA	3,662	6,061	8	3,670	6,061	9,731	177	1922	2020	(c)
3000 Market Street (e)	Philadelphia	PA	18,924	13,080	16,264	18,924	29,344	48,268	504	1937	2017	(c)
The Bulletin Building (3025 Market Street) (e)	Philadelphia	PA	—	24,377	43,599	—	67,976	67,976	7,928	1953	2017	(c)
3001-3003 JFK Boulevard (f)	Philadelphia	PA	—	—	111	—	111	111	24	N/A	2018	N/A
METROPOLITAN WASHINGTON, D.C.
6600 Rockledge Drive	Bethesda	MD	—	37,421	9,956	—	47,377	47,377	17,816	1981	2006	(c)
1676 International Drive	McLean	VA	18,437	97,538	25,740	18,785	122,930	141,715	31,083	1999	2006	(c)
8260 Greensboro Drive	McLean	VA	7,952	33,964	8,114	8,102	41,928	50,030	13,598	1980	2006	(c)
8521 Leesburg Pike	Vienna	VA	4,316	30,885	6,575	4,397	37,379	41,776	14,332	1984	2006	(c)
AUSTIN, TX
401-405 Colorado Street (g)	Austin	TX	—	47,132	—	—	47,132	47,132	491	2021	N/A	(c)
11501 Burnet Road - Building 1	Austin	TX	3,755	22,702	4	3,755	22,706	26,461	6,062	1991	2015	(c)
11501 Burnet Road - Building 2	Austin	TX	2,732	16,305	1,473	2,732	17,778	20,510	5,252	1991	2015	(c)
11501 Burnet Road - Building 3	Austin	TX	3,688	22,348	(1,510)	3,688	20,838	24,526	5,560	1991	2015	(c)
11501 Burnet Road - Building 4	Austin	TX	2,614	15,740	3	2,614	15,743	18,357	4,203	1991	2015	(c)
11501 Burnet Road - Building 5	Austin	TX	3,689	22,354	4	3,689	22,358	26,047	5,970	1991	2015	(c)
11501 Burnet Road - Building 6	Austin	TX	2,676	15,972	13,964	2,676	29,936	32,612	8,808	1991	2015	(c)
11501 Burnet Road - Building 8	Austin	TX	1,400	7,422	1,521	1,400	8,943	10,343	2,452	1991	2015	(c)
11501 Burnet Road - Parking Garage	Austin	TX	—	19,826	3	—	19,829	19,829	6,289	1991	2015	(c)
Four Points Centre 3 (11120 Four Points Drive)	Austin	TX	1,140	—	40,322	1,141	40,321	41,462	5,062	2019	2013	(c)
One Barton Skyway (1501 South MoPac Expressway)	Austin	TX	10,496	47,670	5,421	10,495	53,092	63,587	4,697	1999	2018	(c)
Two Barton Skyway (1601 South MoPac Expressway)	Austin	TX	10,849	53,868	3,454	10,848	57,323	68,171	5,390	2000	2018	(c)
Three Barton Skyway (1221 South MoPac Expressway)	Austin	TX	10,374	47,624	286	10,373	47,911	58,284	3,865	2001	2018	(c)
Four Barton Skyway (1301 South MoPac Expressway)	Austin	TX	13,301	57,041	4,060	13,300	61,102	74,402	5,044	2001	2018	(c)

			Initial Cost						Gross Amount Which Carried December 31, 2021
Property Name	City	State	Land		Building & Improvements		Net Improvements (Retirements) Since Acquisition		Land		Building & Improvements		Total (a)		Accumulated Depreciation at December 31, 2021 (b)		Year of Construction	Year Acquired	Depreciable Life
Four Points Centre (11305 Four Points Drive)	Austin	TX	7,800		43,581		3,981		7,800		47,562		55,362		4,640		2008	2018	(c)
River Place - Building 1 (6500 River Place Boulevard)	Austin	TX	2,004		17,680		547		2,004		18,227		20,231		1,624		2000	2018	(c)
River Place - Building 2 (6500 River Place Boulevard)	Austin	TX	3,137		29,254		675		3,137		29,929		33,066		2,490		2000	2018	(c)
River Place - Building 3 (6500 River Place Boulevard)	Austin	TX	3,064		26,705		294		3,064		26,999		30,063		2,164		2000	2018	(c)
River Place - Building 4 (6500 River Place Boulevard	Austin	TX	2,273		18,617		1,141		2,273		19,758		22,031		2,030		2000	2018	(c)
River Place - Building 5 (6500 River Place Boulevard)	Austin	TX	1,752		14,315		106		1,752		14,421		16,173		1,161		2001	2018	(c)
River Place - Building 6 (6500 River Place Boulevard)	Austin	TX	1,598		12,945		30		1,598		12,975		14,573		1,027		2001	2018	(c)
River Place - Building 7 (6500 River Place Boulevard)	Austin	TX	1,801		16,486		1,103		1,801		17,589		19,390		1,837		2002	2018	(c)
Quarry Lake II (4516 Seton Center Parkway)	Austin	TX	3,970		30,546		1,024		3,867		31,673		35,540		2,681		1998	2018	(c)
OTHER
10 Foster Avenue	Gibbsboro	NJ	244		971		110		244		1,081		1,325		666		1983	1997	(c)
7 Foster Avenue	Gibbsboro	NJ	231		921		31		231		952		1,183		601		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		11,036		1988	1997	(c)
Main Street - Piazza	Voorhees	NJ	696		2,802		3,631		704		6,425		7,129		4,214		1990	1997	(c)
Main Street - Promenade	Voorhees	NJ	532		2,052		285		532		2,337		2,869		1,476		1988	1997	(c)
920 North King Street	Wilmington	DE	6,141		21,140		8,037		6,141		29,177		35,318		15,938		1989	2004	(c)
300 Delaware Avenue	Wilmington	DE	6,369		13,739		2,468		6,369		16,207		22,576		9,731		1989	2004	(c)
	Total:		$	365,011	$	2,472,362	$	635,229	$	410,144	$	3,062,458	$	3,472,602	$	957,450

Reconciliation of Real Estate:

The following table reconciles the real estate investments from January 1, 2019 to December 31, 2021 (in thousands):

	2021		2020		2019
Balance at beginning of year	$	3,474,109	$	4,006,459	$	3,951,719
Additions:
Acquisitions	—		9,722		—
Capital expenditures and assets placed into service	134,931		113,221		145,378
Less:
Dispositions/impairments/placed into redevelopment	(82,247)		(619,086)		(50,792)
Retirements	(54,191)		(36,207)		(39,846)
Balance at end of year	$	3,472,602	$	3,474,109	$	4,006,459
Per consolidated balance sheet	$	3,472,602	$	3,474,109	$	4,006,459

The aggregate cost for federal income tax purposes is $3.1 billion as of December 31, 2021.

(b)Reconciliation of Accumulated Depreciation:

The following table reconciles the accumulated depreciation on real estate investments from January 1, 2019 to December 31, 2021 (in thousands):

	2021		2020		2019
Balance at beginning of year	$	896,561	$	973,318	$	885,407
Additions:
Depreciation expense	136,171		138,822		144,131
Less:
Dispositions/impairments/placed into redevelopment	(24,440)		(182,526)		(16,783)
Retirements	(50,842)		(33,053)		(39,437)
Balance at end of year	$	957,450	$	896,561	$	973,318
Per consolidated balance sheet	$	957,450	$	896,561	$	973,318

(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 3000 Market Street in 1988 and 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.