SEC Comment Letter 0000000000-24-010801 to BRANDYWINE REALTY TRUST (BDN)
BRANDYWINE REALTY TRUST
Date: Sept. 23, 2024 · CIK: 0000790816 · Accession: 0000000000-24-010801
AI Filing Summary & Sentiment
File numbers found in text: 000-24407, 001-09106
Letter
September 23, 2024 Thomas E. Wirth Executive Vice President and Chief Financial Officer Brandywine Realty Trust 2929 Arch Street, Suite 1800 Philadelphia, PA 19104 Re:Brandywine Realty Trust Brandywine Operating Partnership, L.P. Form 10-K for the year ended December 31, 2023 Form 10-Q for the quarterly period ended June 30, 2024 Response dated August 13, 2024 File Nos. 001-09106 and 000-24407 Dear Thomas E. Wirth: We have reviewed your August 13, 2024 response to our comment letter and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our July 30, 2024 letter. Form 10-Q for the quarterly period ended June 30, 2024 Notes to Unaudited Consolidated Financial Statements 4. Investment in Unconsolidated Real Estate Ventures , page 18 1.We note your disclosure regarding the recapitalization of the MAP Venture. Please provide us with a detailed analysis of the transactions that occurred, how those transactions were accounted for, the current ownership of the venture, and how you are now accounting for this venture. Please contact Eric McPhee at 202-551-3693 or Shannon Menjivar at 202-551-3856 if you have questions regarding comments on the financial statements and related matters. Please contact Catherine De Lorenzo at 202-551-3772 or Isabel Rivera at 202-551-3518 with any other questions.
September 23, 2024 Page 2 Sincerely, Division of Corporation Finance Office of Real Estate & Construction
Show Raw Text
September 23, 2024
Thomas E. Wirth
Executive Vice President and Chief Financial Officer
Brandywine Realty Trust
2929 Arch Street, Suite 1800
Philadelphia, PA 19104
Re:Brandywine Realty Trust
Brandywine Operating Partnership, L.P.
Form 10-K for the year ended December 31, 2023
Form 10-Q for the quarterly period ended June 30, 2024
Response dated August 13, 2024
File Nos. 001-09106 and 000-24407
Dear Thomas E. Wirth:
We have reviewed your August 13, 2024 response to our comment letter and have the
following comment.
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments. Unless we
note otherwise, any references to prior comments are to comments in our July 30, 2024 letter.
Form 10-Q for the quarterly period ended June 30, 2024
Notes to Unaudited Consolidated Financial Statements
4. Investment in Unconsolidated Real Estate Ventures , page 18
1.We note your disclosure regarding the recapitalization of the MAP Venture. Please
provide us with a detailed analysis of the transactions that occurred, how those
transactions were accounted for, the current ownership of the venture, and how you are
now accounting for this venture.
Please contact Eric McPhee at 202-551-3693 or Shannon Menjivar at 202-551-3856 if you
have questions regarding comments on the financial statements and related matters. Please
contact Catherine De Lorenzo at 202-551-3772 or Isabel Rivera at 202-551-3518 with any other
questions.
September 23, 2024
Page 2
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction