NAIOP names Brandywine Realty Trust the 2014 Developer of the Year
NAIOP, the Commercial Real Estate Development Association, has named Brandywine Realty Trust as the 2014 Developer of the Year, the national association's highest honor.
Headquartered in Radnor, Pa., Brandywine is a real estate investment trust that owns, leases and manages 283 properties and more than 33 million square feet throughout Philadelphia; Washington, D.C.; Austin, Texas; Northern and Southern California; Richmond, Va., New Jersey and Delaware.
“Brandywine's unique ability to adapt to changing market conditions coupled with its financial stability, longstanding record of community engagement and dedication to industry service and leadership make it a company to emulate,” Thomas Bisacquino, NAIOP’s president and CEO, said in a statement.
NAIOP will present the award on Oct. 28, at a meeting in Denver, Colo.
According to a press release, Brandywine is currently working on more than $600 million in new development and construction. It has expanded its portfolio into transit-oriented locations as well as in multifamily, student housing and retail sectors while achieving nearly $5 billion in capitalization and managing a capital recycling program resulting in nearly $350 million of non-core dispositions in 2013.