Brandywine Realty Trust Closes $60 Million Mortgage Loan

RADNOR, Pa., July 8  /PRNewswire-FirstCall/ -- Brandywine Realty Trust (NYSE:BDN), a real estate investment trust focused on the ownership, management and development of Class A, suburban and urban office properties in the mid-Atlantic region and other selected markets throughout the United States, announced today that it has closed a $60 million first mortgage financing on One Logan Square, a previously unencumbered, 594,361 square foot, 99% leased, class A, office tower in Philadelphia, PA.  The loan was provided by PB Capital Corporation and features a floating rate of LIBOR plus 350 basis points (subject to a LIBOR floor) and a seven-year term with three years interest only followed by a thirty-year amortization schedule at a 7.5% rate.  The net proceeds were used for general corporate purposes including the repayment of existing indebtedness.

"We are very pleased to close the $60 million One Logan mortgage loan," stated Howard M. Sipzner, Executive Vice President and Chief Financial Officer of Brandywine Realty Trust, "and together with the $89.8 million mortgage loan we closed in April 2009 on the adjacent Two Logan Square office building, have now addressed our entire $150 million mortgage financing goal for 2009.  Following today's One Logan closing, we have just $2 million outstanding on our $600 million revolving credit facility."

Brandywine was advised on the placement of this loan by Eastdil Secured, a wholly-owned subsidiary of Wells Fargo & Company.

About Brandywine Realty Trust

Brandywine Realty Trust is one of the largest, publicly traded, full-service, integrated real estate companies in the United States.  Organized as a real estate investment trust and operating in select markets, Brandywine owns, develops and manages a primarily Class A, suburban and urban office portfolio aggregating 37.3 million square feet, including 26.1 million square feet which it owns on a consolidated basis.  For more information, please visit our website at http://www.brandywinerealty.com/.

Forward-Looking Statements

Certain statements in this release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our and our affiliates' actual results, performance, achievements or transactions to be materially different from any future results, performance, achievements or transactions expressed or implied by such forward-looking statements.  Such risks, uncertainties and other factors relate to, among others: our ability to lease vacant space and to renew or relet space under expiring leases at expected levels; competition with other real estate companies for tenants; the potential loss or bankruptcy of major tenants; interest rate levels; the availability of debt, equity or other financing; risks of acquisitions, dispositions and developments, including the cost of construction delays and cost overruns; unanticipated operating and capital costs; our ability to obtain adequate insurance, including coverage for terrorist acts; dependence upon certain geographic markets; and general and local economic and real estate conditions, including the extent and duration of adverse changes that affect the industries in which our tenants operate. Additional information on factors which could impact us and the forward-looking statements contained herein are included in our filings with the Securities and Exchange Commission, including our Form 10-K for the year ended December 31, 2008. 

DATASOURCE: Brandywine Realty Trust



CONTACT:  Investor-Press, Marge Boccuti, Manager, Investor Relations,

[phone], ; or Company, Howard M. Sipzner, EVP

& CFO, [phone], 



Web Site:  http://www.brandywinerealty.com/ 

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