HERNDON, VA—Brandywine Realty Trust, a REITbased in Radnor, PA, has been selected by NAIOP asthe 2014 Developer of the Year – the association'shighest honor. In some ways the choice, as it is every year, wasdifficult given the quality candidates that were nominated for theaward, NAIOP president and CEO Thomas Bisacquinotells GlobeSt.com. "It is a somewhat subjective decision," he says.On the other hand, though, "the choice was not that difficult atall. I think what impressed the committee the most about Brandywinewas its ability to adapt to changing market conditions."
The REIT had a hard audience to impress, he adds, as thecommittee is made up of developers from around the country. "Theseare people in the business and they know it inside out," Bisacquinosays.
Brandywine is currently working on more than $600 million in newdevelopment and construction projects. In recent years the REIT hasexpanded into transit-oriented locations as well as in themultifamily, student housing and retail sectors.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
