<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 )
Brandywine Realty Trust
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of class of securities)
105368104
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(CUSIP number)
Check the following box if a fee is being paid with this statement (A fee is not
required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
notes).
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CUSIP No. 105368104 13G Page 2 of 10 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Morgan Stanley, Dean Witter, Discover & Co.
IRS # 39-314-5972
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
The state of organization is Delaware.
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY ----------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 2,253,954
REPORTING ----------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
----------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,331,654
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,331,654
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.08%
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12 TYPE OF REPORTING PERSON*
IA, CO
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* SEE INSTRUCTIONS BEFORE FILLING OUT !
<PAGE> 3
CUSIP No. 105368104 13G Page 3 of 10 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Morgan Stanley Asset Management Inc.
IRS # 13-304-0307
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
The state of organization is Delaware.
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY ----------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 1,368,054
REPORTING ----------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
0
----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,445,254
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,445,254
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.87%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA, CO
- --------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT !
<PAGE> 4
CUSIP No. 105368104 13G Page 4 of 10 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Morgan Stanley Institutional Fund - U.S. Real Estate Portfolio
IRS # 13-380-8424
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
The state of organization is Delaware.
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY ----------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 698,153
REPORTING ----------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
0
----------------------------------------------------
8 SHARED DISPOSITIVE POWER
698,153
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
698,153
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.32%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA, CO
- --------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT !
<PAGE> 5
CUSIP No. 105368104 13G Page 5 of 10 Pages
Item 1 (b) Name of Issuer
- ---------- -------------------------
Brandywine Realty Trust
Address of issuer's principal executive offices
-------------------------------------------------------
16 Campus Blvd
Suite 150
Newtown Square, PA 19073
Item 2 (a) Name of person filing
- ---------- -------------------------------------------------------
(a) Morgan Stanley, Dean Witter, Discover & Co.
(b) Morgan Stanley Asset Management Inc.
(c) Morgan Stanley Institutional Fund - U.S. Real Estate
Portfolio
Item 2 (b) Principal business office
- ---------- -------------------------------------------------------
(a) 1585 Broadway
New York, New York 10036
(b) 1221 Avenue of the Americas
New York, New York 10020
(c) 1221 Avenue of the Americas
New York, New York 10020
Item 2 (c) Citizenship
- ---------- -------------------------
Incorporated by reference to Item 4 of the cover page
pertaining to each reporting person.
Item 2 (d) Title of class of Securities
- ---------- -------------------------------------------------------
Common Stock
Item 2 (e) Cusip No.
- ---------- -------------------------
105368104
Item 3 (a) Morgan Stanley, Dean Witter, Discover & Co. is (e) an
- ------ Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940.
(b) Morgan Stanley Asset Management Inc. is (e) an
Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940.
(c) Morgan Stanley Institutional Fund is (d) an investment
company registered under Section 8 of the Investment
Company Act of 1940.
Item 4 Ownership
- ------ -------------------------
Incorporated by reference to Items (5) - (9) and (11)
of the cover page.
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CUSIP No. 105368104 13G Page 6 of 10 Pages
Item 5 Ownership of 5 Percent or Less of a Class
- ------ -----------------------------------------
(a),(b) Inapplicable
(c) As of the date hereof, the Morgan Stanley Institutional
Fund has ceased to be the beneficial owner of more than
five percent of the class of securities.
Item 6 Ownership of More than 5 Percent on Behalf of Another
- ------ Person
-----------------------------------------------------
(a),(b) Accounts managed on a discretionary basis by Morgan
Stanley Asset Management Management, Inc., a wholly
owned subsidiary of Morgan Stanley, Dean Witter,
Discover & Co. are known to have the right to receive
or the power to direct the receipt of dividends from,
or the proceeds from, the sale of such securities. No
such account holds more than 5 percent of the class.
(c) Inapplicable
Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the
Parent Holding Company
Inapplicable
Item 8 Identification and Classification of Members of the
- ------ Group
---------------------------------------------------
Inapplicable
Item 9 Notice of Dissolution of Group
- ------ ----------------------------------
Inapplicable
Item 10 Certification
- ------- -------------
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above
were acquired in the ordinary course of business and
were not acquired for the purpose of and do not have
the effect of changing or influencing the control of
the issuer of such securities and were not acquired in
connection with or as a participant in any transaction
having such purpose or effect.
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CUSIP No. 105368104 13G Page 7 of 10 Pages
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
<TABLE>
<S> <C>
Date : September 2, 1997
Signature : /s/ Harold J. Schaaff Jr.
-------------------------------------------------------
Name / Title : Harold J. Schaaff Jr. / Vice President, Morgan Stanley Institutional Fund
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MORGAN STANLEY INSTITUTIONAL FUND - U.S. REAL ESTATE PORTFOLIO
Date : September 2, 1997
Signature : /s/ Donald P. Ryan
--------------------------------------------------------------------
Name / Title : Donald P. Ryan / Vice President Morgan Stanley Asset Management Inc.
-------------------------------------------------------------------------
MORGAN STANLEY ASSET MANAGEMENT INC.
Date : September 2, 1997
Signature : /s/ Bruce Bromberg
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Name / Title : Bruce Bromberg / Morgan Stanley & Co., Incorporated
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MORGAN STANLEY, DEAN WITTER, DISCOVER & CO.
</TABLE>
<TABLE>
<CAPTION>
INDEX TO EXHIBITS PAGE PAGE
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<S> <C> <C>
EXHIBIT 1 Agreement to Make a Joint Filing 9
-----------------
EXHIBIT 2 Secretary's Certificate Authorizing Bruce Bromberg 10
-----------------
to Sign on behalf of Morgan Stanley, Dean Witter,
Discover & Co.
</TABLE>
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CUSIP No. 105368104 13G Page 8 of 10 Pages
EXHIBIT 1 TO SCHEDULE 13G
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September 2, 1997
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MORGAN STANLEY INSTITUTIONAL - U.S. REAL ESTATE PORTFOLIO,
MORGAN STANLEY, DEAN WITTER, DISCOVER & CO. and MORGAN STANLEY ASSET
ASSET MANAGEMENT INC. hereby agree that, unless differentiated, this Section 13G
is filed on behalf of each of the parties.
MORGAN STANLEY INSTITUTIONAL FUND - U.S. REAL ESTATE PORTFOLIO
BY: /s/ Harold J. Schaaff Jr.
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Harold J. Schaaff Jr. / Vice President, Morgan Stanley Institutional Fund
MORGAN STANLEY ASSET MANAGEMENT INC.
BY: /s/ Donald P. Ryan
--------------------------------------------------------------------------
Donald P. Ryan / Vice President Morgan Stanley Asset Management Inc.
MORGAN STANLEY, DEAN WITTER, DISCOVER & CO.
BY: /s/ Bruce Bromberg
--------------------------------------------------------------------------
Bruce Bromberg / Morgan Stanley & Co., Incorporated
<PAGE> 1
EXHIBIT 2 PAGE 9 of 9 Pages
MORGAN STANLEY, DEAN WITTER, DISCOVER & CO.
SECRETARY'S CERTIFICATE
I, Charlene R. Herzer, a duly elected and acting Assistant Secretary
of Morgan Stanley, Dean Witter, Discover & Co., a corporation organized and
existing under the laws of the State of Delaware (the "Corporation"), certify
that, as approved by a Unanimous Consent of Directors in Lieu of a Meeting
dated as of May 31, 1997, the following persons are each authorized to sign
reports to be filed under Sections 13 and 16 of the Securities Exchange Act of
1934 on behalf of the Corporation, and such authorizations are in full force
and effect as of this date:
Stuart J. M. Breslow
Robert G. Koppenol
Bruce Bromberg
Robin Sherak
IN WITTNESS WHEREOF, I have hereunto set my name and affixed the seal
of the Corporation as of the 3rd day of June, 1997.
/s/ CHARLENE R. HERZER
--------------------------
Charlene R. Herzer
Assistant Secretary
[SEAL]
