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CONSOLIDATED BALANCE SHEETS - BRANDYWINE OPERATING PARTNERSHIP, L.P. - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Real estate investments:    
Operating properties $ 3,405,048 $ 3,374,780
Accumulated depreciation (1,200,058) (1,171,803)
Right of use asset - operating leases, net 18,259 18,412
Operating real estate investments, net 2,223,249 2,221,389
Construction-in-progress 78,021 94,628
Land held for development 82,536 81,318
Prepaid leasehold interests in land held for development, net 27,762 27,762
Total real estate investments, net 2,411,568 2,425,097
Cash and cash equivalents 29,428 90,229
Restricted cash and escrows 2,045 5,948
Accounts receivable 13,573 12,703
Accrued rent receivable, net of allowance of $867 and $909 as of March 31, 2025 and December 31, 2024, respectively 185,957 184,312
Investment in unconsolidated real estate ventures 570,370 570,455
Deferred costs, net 82,051 84,317
Intangible assets, net 5,028 5,505
Other assets 123,766 113,647
Total assets 3,423,786 3,492,213
LIABILITIES AND PARTNERS' EQUITY    
Secured debt, net 281,166 275,338
Unsecured credit facility 65,000 0
Unsecured term loans, net 249,084 318,949
Unsecured senior notes, net 1,619,260 1,618,527
Accounts payable and accrued expenses 118,454 129,717
Distributions payable 26,487 26,256
Deferred income, gains and rent 21,293 35,414
Intangible liabilities, net 7,080 7,292
Lease liability - operating leases 23,591 23,546
Other liabilities 12,975 12,587
Total liabilities 2,424,390 2,447,626
Commitments and contingencies (See Note 15)
Brandywine Operating Partnership, L.P.'s equity:    
Accumulated other comprehensive income (loss) (23) 2,521
Total liabilities and beneficiaries' equity 3,423,786 3,492,213
Brandywine Operating Partnership, L.P.    
Real estate investments:    
Operating properties 3,405,048 3,374,780
Accumulated depreciation (1,200,058) (1,171,803)
Right of use asset - operating leases, net 18,259 18,412
Operating real estate investments, net 2,223,249 2,221,389
Construction-in-progress 78,021 94,628
Land held for development 82,536 81,318
Prepaid leasehold interests in land held for development, net 27,762 27,762
Total real estate investments, net 2,411,568 2,425,097
Cash and cash equivalents 29,428 90,229
Restricted cash and escrows 2,045 5,948
Accounts receivable 13,573 12,703
Accrued rent receivable, net of allowance of $867 and $909 as of March 31, 2025 and December 31, 2024, respectively 185,957 184,312
Investment in unconsolidated real estate ventures 570,370 570,455
Deferred costs, net 82,051 84,317
Intangible assets, net 5,028 5,505
Other assets 123,766 113,647
Total assets 3,423,786 3,492,213
LIABILITIES AND PARTNERS' EQUITY    
Secured debt, net 281,166 275,338
Unsecured credit facility 65,000 0
Unsecured term loans, net 249,084 318,949
Unsecured senior notes, net 1,619,260 1,618,527
Accounts payable and accrued expenses 118,454 129,717
Distributions payable 26,487 26,256
Deferred income, gains and rent 21,293 35,414
Intangible liabilities, net 7,080 7,292
Lease liability - operating leases 23,591 23,546
Other liabilities 12,975 12,587
Total liabilities 2,424,390 2,447,626
Commitments and contingencies (See Note 15)
Redeemable limited partnership units at redemption value; 515,595 and 515,595 issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 2,317 2,870
Brandywine Operating Partnership, L.P.'s equity:    
General Partnership Capital; 173,050,963 and 172,665,995 units issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 994,626 1,036,712
Accumulated other comprehensive income (loss) (362) 2,190
Total Brandywine Operating Partnership, L.P.'s equity 994,264 1,038,902
Noncontrolling interest - consolidated real estate ventures 2,815 2,815
Total partners' equity 997,079 1,041,717
Total liabilities and beneficiaries' equity $ 3,423,786 $ 3,492,213