Brandywine Realty Trust Acquires Two Paragon Place.

Business Editors

PLYMOUTH MEETING, Pa.--(BUSINESS WIRE)--June 5, 2002

Brandywine Realty Trust (NYSE: BDN) announced today the acquisition of Two Paragon Place in Richmond, Virginia. The six-story, Class A 142,500 square foot office building was acquired for approximately $14,800,000.

Leon Shadowen, Vice President of Brandywine's Richmond operations stated, "Two Paragon Place is a perfect complement to our existing Richmond portfolio of office and industrial buildings. The 100% leased building's quality, location and tenant roster will further enhance our presence in the West End submarket."

Gerard H. Sweeney, President and CEO, Brandywine Realty Trust, stated, "Our acquisition of Two Paragon Place is a continuation of Brandywine's investment strategy to purchase high quality, Class A office properties in our core markets and coincides with our recent exit of two non-core markets. This acquisition was well below the replacement cost of the building and allows us to increase our market penetration in one of the core investment regional markets. The addition of Two Paragon to our existing inventory of buildings and development sites clearly makes Brandywine the landlord of choice in the Richmond metropolitan area."

Two Paragon Place is prominently located at the Glenside interchange of Interstate 64 and West Broad Street which provides outstanding access to all points in the Greater Richmond area. Two Paragon Place was originally constructed in 1989 and the property recently underwent $3 million in renovations.

Brandywine Realty Trust, with headquarters in Plymouth Meeting, PA and regional offices in Mt. Laurel, NJ and Richmond, VA is one of the Mid-Atlantic region's largest full-service real estate companies. Brandywine owns, manages or has an ownership interest in 301 office and industrial properties, aggregating 20.4 million square feet. For more information, please visit Brandywine's website at www.Brandywinerealty.com.

Note: 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 the actual results, performance, achievements or transactions of the Company and its affiliates or industry results 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 the Company's ability to lease vacant space and to renew or relet space under expiring leases at expected levels, the potential loss of major tenants, interest rate levels, the availability of debt and equity financing, competition with other real estate companies for tenants and acquisitions, risks of real estate acquisitions and developments, dependence upon certain geographic markets, and general economic, business and real estate conditions. Additional information or factors which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission.