Profile: Brandywine Realty Trust (BDN)

Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT) that provides leasing, property management, development, redevelopment, acquisition and other tenant-related services for a portfolio of office and industrial properties. As of December 31, 2008, the Company owned 214 office properties, 22 industrial facilities and one mixed-use property (collectively, the Properties) containing an aggregate of approximately 23.6 million net rentable square feet. It also has two properties under development and six properties under redevelopment containing an aggregate of 2.3 million net rentable square feet. As of December 31, 2008, the Company consolidated three office properties owned by real estate ventures containing 0.4 million net rentable square feet. Therefore, as of December 31, 2008, it owned and consolidated 248 properties with an aggregate of 26.3 million net rentable square feet.

As of December 31, 2008, the Company economic owned interests in 13 unconsolidated real estate ventures that contain approximately 4.2 million net rentable square feet (collectively, the Real Estate Ventures). In addition, as of December 31, 2008, the Company owned approximately 495 acres of undeveloped land. The Properties and the properties owned by the Real Estate Ventures are located in or near Philadelphia, Pennsylvania, Metropolitan Washington, D.C., Southern and Central New Jersey, Richmond, Virginia, Wilmington, Delaware, Austin, Texas and Oakland, Carlsbad and Rancho Bernardo, and California. In addition to managing properties that Brandywine Realty Trust owned and consolidated, as of December 31, 2008, it was managing approximately 12.4 million square feet of office and industrial properties for third parties and Real Estate Ventures.

On January 14, 2008, the Company sold 7130 Ambassador Drive, an office property located in Allentown, Pennsylvania containing 114,049 net rentable square feet. On February 14, 2008, it sold a parcel of land located in Henrico, Virginia containing 3.24 acres. On February 29, 2008, Brandywine Realty Trust sold 1400 Howard Boulevard, an office property located in Mount Laurel, New Jersey containing 75,590 net rentable square feet. On April 25, 2008, it sold 100 Brandywine Boulevard, an office property located in Newtown, Pennsylvania containing 102,000 net rentable square feet. On October 1, 2008, the Company sold Main Street Centre, a 426,103 net rentable square feet office property located in Richmond, Virginia. On October 1, 2008, it sold Main Street Centre, a 426,103 net rentable square feet office property located in Richmond, Virginia. On October 8, 2008, Brandywine Realty Trust sold five properties, totaling approximately 1,717,861 net rentable square feet, in Oakland, California.

As of December 31, 2008, the Company was managing its portfolio within six segments: Pennsylvania; Metropolitan Washington D.C; New Jersey/Delaware; Richmond, Virginia; California, Austin, TX. The Pennsylvania segment includes properties in Chester, Delaware, Bucks and Montgomery counties in the Philadelphia suburbs and the City of Philadelphia in Pennsylvania. The Metropolitan Washington, D.C. segment includes properties in Northern Virginia and suburban Maryland. The New Jersey/Delaware segment includes properties in counties in the southern and central part of New Jersey, including Burlington, Camden and Mercer counties and in the state of Delaware. The Richmond, Virginia segment includes properties primarily in Albemarle, Chesterfield and Henrico counties, the City of Richmond and Durham, North Carolina. The California segment includes properties in Oakland, Concord, Carlsbad and Rancho Bernardo. The Austin, Texas segment includes properties in Coppell and Austin

The Company provides third-party real estate management services primarily through wholly owned subsidiaries (collectively, the Management Companies). As of December 31, 2008, the Management Companies were managing properties containing an aggregate of approximately 38.3 million net rentable square feet, of which approximately 25.9 million net rentable square feet related to Properties owned by the Company and approximately 12.4 million net rentable square feet related to properties owned by third parties and unconsolidated Real Estate Ventures.