Brandywine Realty Trust Prices Stock Offering

Brandywine Realty Trust, Radnor, Pa., has priced a public offering of 35 million shares of its common stock at a price of $6.30 per share. In addition, the company has granted to the underwriters an option for 30 days to purchase up to 5.25 million additional common shares to cover overallotments, if any. The estimated net proceeds from the offering are expected to be approximately $210.8 million. BRT plans to use the net proceeds from the offering to reduce outstanding borrowings under its $600 million unsecured revolving credit facility and for general corporate purposes. The offering is expected to close on or about June 2, 2009. Merrill Lynch & Co., J.P. Morgan and Citi are acting as the joint bookrunning managers. ABN AMRO Inc., BNY Mellon Capital Markets LLC, Deutsche Bank Securities, Janney Montgomery Scott LLC, Morgan Keegan & Co. Inc., PNC Capital Markets LLC, Piper Jaffray, and TD Securities are acting as senior co-managers for the transaction. BMO Capital Markets, Comerica Securities Inc., Commerzbank Corporates & Markets, FTN Equity Capital Markets, Raymond James, RBC Capital Markets, Santander Investment, Stifel Nicolaus and SunTrust Robinson Humphrey are acting as co-managers.