PRICING TERM SHEET,
dated March 23, 2006	Filed pursuant to Rule 433
Registration No. 333-131255	
$300,000,000 Floating Rate Guaranteed Notes Due 2009
Issuer:	 	 	Brandywine Operating Partnership, L.P.	 	
Guarantor:	 	 	Brandywine Realty Trust	 	
Size:	 	 	$300,000,000	 	
Maturity:	 	 	April 1, 2009	 	
Coupon (Interest Rate):	 	 	3 Month LIBOR Telerate plus 0.45% (45 basis points)	 	
Interest Payment and Reset Dates:	 	 	January 1, April 1, July 1 and October 1, commencing July 1, 2006	 	
Day Count Convention:	 	 	Actual / 360	 	
Redemption Provision:	 	 	Redeemable at 100% beginning on October 1, 2006 and on each interest payment date thereafter	 	
Price to Public:	 	 	100%	 	
Proceeds to Issuer:	 	 	$298,650,000	 	
Settlement Date:	 	 	T+3; March 28, 2006	 	
Denominations:	 	 	$5,000 x $1,000	 	
CUSIPS: 	 	 	105340AD5	 	 	 	 	
Joint Book-Running Managers:	 	 	 	 	 	Underwriting	 	
					 	 		
 	 	 	J. P. Morgan Securities Inc. 	 	  	$68,010,000	 	
 	 	 	Merrill Lynch, Pierce, Fenner & Smith Incorporated 	 	 	$68,010,000	 	
 	 	 	Wachovia Capital Markets, LLC 	 	 	$68,010,000	 	
Co-Managers:	 	 	 	 	 	 	 	
 	 	 	Greenwich Capital Markets, Inc. 	 	 	$18,000,000	 	
 	 	 	Wells Fargo Securities, LLC 	 	 	$18,000,000	 	
 	 	 	Commerzbank Capital Markets Corp. 	 	 	$14,010,000	 	
 	 	 	Piper Jaffray & Co. 	 	 	$14,010,000	 	
 	 	 	Sun Trust Capital Markets, Inc. 	 	 	$14,010,000	 	
 	 	 	BNY Capital Markets, Inc. 	 	 	$9,970,000	 	
 	 	 	PNC Capital Markets LLC 	 	 	$7,970,000	 	
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Investor Relations collect at 610-325-5600 or emailing chris.marr@brandywinerealty.com at Brandywine Realty Trust.
Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.

	PRICING TERM SHEET, dated March 23, 2006	
$300,000,000 5.75% Guaranteed Notes Due 2012 
Issuer:	 	 	Brandywine Operating Partnership, L.P.	 	
Guarantor:	 	 	Brandywine Realty Trust	 	
Size:	 	 	$300,000,000	 	
Maturity:	 	 	April 1, 2012	 	
Coupon (Interest Rate):	 	 	5.75%	 	
Yield to Maturity:	 	 	5.815%	 	
Spread to Benchmark Treasury:	 	 	1.07% (+107 basis points)	 	
Benchmark Treasury:	 	 	4.875% February 15, 2012 	 	
Benchmark Treasury Price and Yield:	 	 	100-21; 4.745%	 	
Interest Payment Dates:	 	 	April 1 and October 1, commencing October 1, 2006	 	
Day Count Convention:	 	 	30 / 360	 	
Redemption Provision:	 	 	Make-whole call at any time based on U.S. Treasury + .15% (15 basis points)	 	
Price to Public:	 	 	99.674%	 	
Proceeds to Issuer:	 	 	$297,184,500	 	
Settlement Date:	 	 	T+3; March 28, 2006	 	
Denominations:	 	 	$5,000 x $1,000	 	
CUSIPS	 	 	105340AE3	 	 	 	 	
Joint Book-Running Managers:	 	 	 	 	 	Underwriting	 	
					 	 		
 	 	 	J. P. Morgan Securities Inc. 	 	  	$68,010,000	 	
 	 	 	Merrill Lynch, Pierce, Fenner & Smith Incorporated 	 	 	$68,010,000	 	
 	 	 	Wachovia Capital Markets, LLC 	 	 	$68,010,000	 	
Co-Managers:	 	 	 	 	 	 	 	
 	 	 	Greenwich Capital Markets, Inc. 	 	 	$18,000,000	 	
 	 	 	Wells Fargo Securities, LLC 	 	 	$18,000,000	 	
 	 	 	Commerzbank Capital Markets Corp. 	 	 	$14,010,000	 	
 	 	 	Piper Jaffray & Co. 	 	 	$14,010,000	 	
 	 	 	Sun Trust Capital Markets, Inc. 	 	 	$14,010,000	 	
 	 	 	BNY Capital Markets, Inc. 	 	 	$9,970,000	 	
 	 	 	PNC Capital Markets LLC 	 	 	$7,970,000	 	
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Investor Relations collect at 610-325-5600 or emailing chris.marr@brandywinerealty.com at Brandywine Realty Trust.
Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.

	PRICING TERM SHEET, dated March 23, 2006	
$250,000,000 6.00% Guaranteed Notes Due 2016 
Issuer:	 	 	Brandywine Operating Partnership, L.P.	 	
Guarantor:	 	 	Brandywine Realty Trust	 	
Size:	 	 	$250,000,000	 	
Maturity:	 	 	April 1, 2016	 	
Coupon (Interest Rate):	 	 	6.00%	 	
Yield to Maturity:	 	 	6.073%	 	
Spread to Benchmark Treasury:	 	 	1.34% (134 basis points)	 	
Benchmark Treasury:	 	 	4.50% February 15, 2016 	 	
Benchmark Treasury Price and Yield:	 	 	98-5+; 4.733%	 	
Interest Payment Dates:	 	 	April 1 and October 1, commencing October 1 2006	 	
Day Count Convention:	 	 	30 / 360	 	
Redemption Provision:	 	 	Make-whole call at any time based on U.S. Treasury + .20% (20 basis points)	 	
Price to Public:	 	 	99.458%	 	
Proceeds to Issuer:	 	 	$247,020,000	 	
Settlement Date:	 	 	T+3; March 28, 2006	 	
Denominations:	 	 	$5,000 x $1,000	 	
CUSIPS	 	 	105340AF0	 	 	 	 	
Joint Book-Running Managers:	 	 	 	 	 	Underwriting	 	
					 	 		
 	 	 	J. P. Morgan Securities Inc. 	 	 	$56,650,000	 	
 	 	 	Merrill Lynch, Pierce, Fenner & Smith Incorporated 	 	 	$56,650,000	 	
 	 	 	Wachovia Capital Markets, LLC 	 	 	$56,650,000	 	
Co-Managers:	 	 	 	 	 	 	 	
 	 	 	Greenwich Capital Markets, Inc. 	 	 	$15,000,000	 	
 	 	 	Wells Fargo Securities, LLC 	 	 	$15,000,000	 	
 	 	 	Commerzbank Capital Markets Corp. 	 	 	$11,650,000	 	
 	 	 	Piper Jaffray & Co. 	 	 	$11,650,000	 	
 	 	 	Sun Trust Capital Markets, Inc. 	 	 	$11,650,000	 	
 	 	 	BNY Capital Markets, Inc. 	 	 	$8,350,000	 	
 	 	 	PNC Capital Markets LLC 	 	 	$6,750,000	 	
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Investor Relations collect at 610-325-5600 or emailing chris.marr@brandywinerealty.com at Brandywine Realty Trust.
Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.