SOURCE: Brandywine Realty Trust

December 07, 2006 08:43 ET

Brandywine Realty Trust Names Howard M. Sipzner as Executive Vice President and Chief Financial Officer

RADNOR, PA -- (MARKET WIRE) -- December 7, 2006 -- Brandywine Realty Trust (NYSE: BDN) announced today the appointment of Howard M. Sipzner as the trust's executive vice president and chief financial officer. Mr. Sipzner will begin his employment at the company's Radnor, PA headquarters shortly after the first of the year.

Mr. Sipzner joins Brandywine from Equity One, Inc. in North Miami Beach, FL, where he has been serving as the executive vice president and chief financial officer since 2004 and as CFO and treasurer from 1999 to 2004. He has a long and distinguished track record with over 20 years of managerial and operations experience in real estate investment trusts and finance encompassing SEC reporting, investor relations, mergers & acquisitions, IT systems, banking and capital markets.

At Equity One, Mr. Sipzner oversaw that REIT's growth from just $200 million in assets when he joined to over $3 billion of market capitalization today. During his tenure, Equity One raised over $1.4 billion of new capital in connection with various mergers and growth initiatives and achieved investment grade ratings from both major agencies. Prior to Equity One, Mr. Sipzner worked from 1986 to 1999 with The Chase Manhattan Bank and its predecessor companies, including serving as a vice president with Chase Securities, Inc. from 1996 to 1999, where he was responsible for the generation, structuring and closing of real estate investment banking transactions for clients of the bank.

"I am delighted that Howard has joined our team as executive vice president and chief financial officer," said Jerry Sweeney, Brandywine's president and CEO. "He is an extraordinarily effective financial executive with significant experience in all facets of the real estate business. His broad-based skill sets in finance, accounting, investor relations and the capital markets will immediately add value to our management team and enhance our business plan execution."

Mr. Sipzner is a graduate, summa cum laude, of Queens College, City University of New York, and earned his master's degree in business administration from the Harvard Business School.

About Brandywine Realty Trust

Brandywine Realty Trust (NYSE: BDN), with headquarters in Radnor, PA, is one of the largest full-service, completely integrated real estate companies in the United States. Organized as a real estate investment trust (REIT), Brandywine owns, manages or has ownership interest in office and industrial properties aggregating 45 million square feet.

For more information, visit Brandywine's Web site at

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.

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