Brandywine Realty Trust Reports No Property Damage from Hurricane Sandy
RADNOR, Pa., Nov. 1, 2012
RADNOR, Pa., Nov. 1, 2012 /PRNewswire/ --Brandywine Realty Trust (NYSE: BDN),
a real estate investment trust focused on the ownership, management and
development of urban town center and suburban office properties in the
mid-Atlantic region and other select markets throughout the United States,
announced today that its properties sustained no real damage throughout its
portfolio from Hurricane Sandy.
"We were extremely fortunate. Aside from select power outages, minor roof and
tree damage, our properties remained open for business," stated Gerard H.
Sweeney, President and Chief Executive Officer of Brandywine Realty Trust.
"Our property management and engineering team, who work around the clock, did
a great job to protect our properties, communicate with our customers and work
with local officials."
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,
leases and manages an urban, town center and suburban office portfolio
comprising 295 properties and 34.0 million square feet, including 219
properties and 24.5 million square feet owned on a consolidated basis and 57
properties and 7.0 million square feet in 19 unconsolidated real estate
ventures all as of September 30, 2012. For more information, please visit
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, including our Form 10-K for the year ended December 31,
2011. The Company assumes no obligation to update or supplement
forward-looking statements that become untrue because of subsequent events.
SOURCE Brandywine Realty Trust
Contact: Company / Investor: Marge Boccuti, Manager, Investor Relations,
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