Brandywine Realty Trust Announces $126 Million in Asset Sales and Pending Acquisition.

Business Editors

NEWTOWN SQUARE, Pa.--(BUSINESS WIRE)--Feb. 27, 2002

Brandywine Realty Trust (NYSE: BDN) announced today that it has closed on or reached definitive agreement on the sale of approximately $126 million in assets.

These transactions are comprised of 22 properties aggregating 1.4 million square feet. Highlights of this activity include:

- The sale of an industrial/flex portfolio consisting of 15 buildings totaling
765,887 square feet along with a 2.8 acre land parcel located in Bucks County,
Pennsylvania.

- A definitive agreement to sell Park 80 West Plaza I & II, consisting of two
Class A office buildings totaling 476,874 square feet located in Saddle Brook,
New Jersey. This transaction is subject to satisfying customary closing
conditions, and is expected to occur by the end of the first quarter 2002.

Gerard H. Sweeney, President and CEO, Brandywine Realty Trust, commented, "These sales are a key part of our capital recycling program and reflect our previously disclosed investment strategy of disposing of assets not located in our core markets or our targeted product type of Class A office properties. The execution of this strategy allows Brandywine to continue to grow on a leverage neutral basis by enabling us to take advantage of attractive investment opportunities in the markets which we currently have a concentrated market share and operating economies."

Brandywine Realty Trust has also reached a definitive agreement to purchase Plymouth Meeting Executive Campus in Plymouth Meeting, Pennsylvania, which is a four building office portfolio aggregating 360,250 square feet of space. This transaction is subject to customary closing conditions and is expected to be completed by the end of the first quarter 2002.

Brandywine Realty Trust, with headquarters in Newtown Square, PA and regional offices in King of Prussia, PA, 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 303 office and industrial properties, aggregating 20.5 million square feet.

For more information, 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 and terms of debt and equity financing, competition with other real estate companies for tenants and acquisitions, risks of real estate acquisitions, dispositions and developments, including cost overruns and construction delays, unanticipated operating costs and the effects of general and local economic 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. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.