v3.26.3
CONSOLIDATED BALANCE SHEETS - BRANDYWINE OPERATING PARTNERSHIP, L.P. - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Real estate investments:    
Operating properties $ 3,300,851 $ 3,753,780
Accumulated depreciation (1,263,796) (1,259,090)
Prepaid ground leases, net 6,944 51,399
Right of use asset - operating leases, net 12,145 17,806
Operating real estate investments, net 2,056,144 2,563,895
Construction-in-progress 82,518 118,543
Land held for development 80,403 70,405
Prepaid leasehold interests in land held for development, net 27,762 27,762
Total real estate investments, net 2,246,827 2,780,605
Cash and cash equivalents 312,743 32,284
Restricted cash and escrows 954 30,018
Accounts receivable 17,146 22,154
Accrued rent receivable, net of allowance of $369 and $424 as of September 30, 2026 and December 31, 2025, respectively 169,047 182,651
Investment in unconsolidated real estate ventures 306,663 314,326
Deferred costs, net 68,566 79,549
Intangible assets, net 11,579 22,426
Other assets 143,186 122,227
Total assets 3,276,711 3,586,240
LIABILITIES AND PARTNERS' EQUITY    
Secured term loans, net 88,009 234,079
Unsecured credit facility 137,000 0
Accounts payable and accrued expenses 143,612 143,826
Distributions payable 13,819 14,108
Deferred income, gains and rent 22,346 22,569
Intangible liabilities, net 5,889 12,713
Lease liability - operating leases 17,052 23,720
Other liabilities 13,294 14,588
Total liabilities 2,625,574 2,788,386
Commitments and contingencies (See Note 14)
Brandywine Operating Partnership, L.P.'s equity:    
Accumulated other comprehensive income (loss) 5,262 (1,437)
Total liabilities and beneficiaries' equity 3,276,711 3,586,240
Unsecured term loans, net    
LIABILITIES AND PARTNERS' EQUITY    
Unsecured loans, net 249,695 249,389
Unsecured senior notes, net    
LIABILITIES AND PARTNERS' EQUITY    
Unsecured loans, net 1,934,858 2,073,394
Brandywine Operating Partnership, L.P.    
Real estate investments:    
Operating properties 3,300,851 3,753,780
Accumulated depreciation (1,263,796) (1,259,090)
Prepaid ground leases, net 6,944 51,399
Right of use asset - operating leases, net 12,145 17,806
Operating real estate investments, net 2,056,144 2,563,895
Construction-in-progress 82,518 118,543
Land held for development 80,403 70,405
Prepaid leasehold interests in land held for development, net 27,762 27,762
Total real estate investments, net 2,246,827 2,780,605
Cash and cash equivalents 312,743 32,284
Restricted cash and escrows 954 30,018
Accounts receivable 17,146 22,154
Accrued rent receivable, net of allowance of $369 and $424 as of September 30, 2026 and December 31, 2025, respectively 169,047 182,651
Investment in unconsolidated real estate ventures 306,663 314,326
Deferred costs, net 68,566 79,549
Intangible assets, net 11,579 22,426
Other assets 143,186 122,227
Total assets 3,276,711 3,586,240
LIABILITIES AND PARTNERS' EQUITY    
Secured term loans, net 88,009 234,079
Unsecured credit facility 137,000 0
Accounts payable and accrued expenses 143,612 143,826
Distributions payable 13,819 14,108
Deferred income, gains and rent 22,346 22,569
Intangible liabilities, net 5,889 12,713
Lease liability - operating leases 17,052 23,720
Other liabilities 13,294 14,588
Total liabilities 2,625,574 2,788,386
Commitments and contingencies (See Note 14)
Redeemable limited partnership units at redemption value; 515,595 and 515,595 issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 1,463 1,501
Brandywine Operating Partnership, L.P.'s equity:    
General Partnership Capital; 170,026,338 and 173,699,039 units issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 642,135 795,402
Accumulated other comprehensive income (loss) 4,939 (1,781)
Total Brandywine Operating Partnership, L.P.'s equity 647,074 793,621
Noncontrolling interest - consolidated real estate ventures 2,600 2,732
Total partners' equity 649,674 796,353
Total liabilities and beneficiaries' equity 3,276,711 3,586,240
Brandywine Operating Partnership, L.P. | Unsecured term loans, net    
LIABILITIES AND PARTNERS' EQUITY    
Unsecured loans, net 249,695 249,389
Brandywine Operating Partnership, L.P. | Unsecured senior notes, net    
LIABILITIES AND PARTNERS' EQUITY    
Unsecured loans, net $ 1,934,858 $ 2,073,394