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<TITLE>Prepared and filed by St Ives Financial</TITLE>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=4>UNITED STATES</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=4>SECURITIES AND EXCHANGE COMMISSION</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Washington, D.C. 20549</font></b></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><B><font SIZE=4>FORM 8-K</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>CURRENT REPORT</font></B></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><b><font size=2>Pursuant To Section 13 or 15(d)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>of the Securities Exchange Act of 1934</font></b></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><font size=2>Date of Report (Date of earliest event reported): August 15, 2006</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:center;'><b><font size="4">B<small>RANDYWINE</small></font>
  <font size="4">O<small>PERATING</small> P<small>ARTNERSHIP,</small> <small>L.P.</small></font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(Exact name of issuer as specified in charter)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

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                    <td align=center valign=top   width="280"><B><font SIZE=2>DELAWARE</font></B><br>
<font size=2>(State or Other </font><br>
<font size=2>Jurisdiction</font><br>
<font size=2>of Incorporation or</font><br>
<font size=2>Organization)</font><br></td>
        <td align=center valign=bottom   width="280"><b><font size=2>000-24407</font></b><font size=2> </font><br>
            <font size=2>(Commission </font><br>
<font size=2>file</font><br>
      <font size=2>number)</font></td>
        <td align=center valign=bottom   width="280"><b><font size=2>23-2862640</font></b><font size=2> </font><br>
            <font size=2>(I.R.S. Employer </font><br>
<font size=2>Identification</font><br>
      <font size=2>Number)</font></td>
        <td width="50">&nbsp;</td></tr></table>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><b><font size=2>555 East Lancaster Avenue, Suite 100</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Radnor, Pennsylvania 19087</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(Address of principal executive offices)</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><b><font size=2>(610) 325-5600</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(Registrant&#146;s telephone number, including area code)</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>




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      <td width="10%" valign=top style='padding:12.0pt 0pt 0pt 0pt;'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-bottom:0pt;'><b><font size=2>Item
          3.02</font></b></p>
      </td>

        <td valign=top style='padding:12.0pt 0pt 0pt 0pt;'>

<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-bottom:0pt;'><b><font size=2>Unregistered Sales of Equity Securities.</font></b></p> </td> </tr></table>
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      <td width="10%" valign=top style='padding:12.0pt 0pt 0pt 0pt;'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-bottom:0pt;'><b><font size=2>Item
          5.03</font></b></p>
      </td>

        <td valign=top style='padding:12.0pt 0pt 0pt 0pt;'>

<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-bottom:0pt;'><b><font size=2>Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.</font></b></p> </td> </tr></table>
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      <td width="10%" valign=top style='padding:12.0pt 0pt 0pt 0pt;'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-bottom:0pt;'><b><font size=2>Item
          8.01</font></b></p>
      </td>

        <td valign=top style='padding:12.0pt 0pt 0pt 0pt;'>

<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-bottom:0pt;'><b><font size=2>Other Events.</font></b></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:10%;text-align:left;'><font size=2>On August 15, 2006 we acquired two office properties in Northern Virginia known as 2340 Dulles Corner Boulevard and 2355 Dulles Corner Boulevard for an aggregate purchase price of approximately $133.3 million, subject to customary pro rations and adjustments. We paid approximately $119.0 million of the purchase price in cash, assumed liabilities from the seller of approximately $0.5 million and the balance, approximately $13.8 million, through the issuance of 424,608 Class A Units of limited partnership interest (&#147;OP Units&#148;), valued at $32.546 per OP Unit. Each OP Unit is entitled to the same distributions that we make on our outstanding common OP Units. Each OP Unit is subject to redemption at the option of the holder for a cash amount equal to the then market price of one common share of Brandywine Realty Trust, our sole general partner. At our sole option, we may satisfy the
redemption of an OP Unit either for cash or for one such common share. On August 15, 2006, we supplemented our partnership agreement to provide for the issuance of the OP Units. The OP Units were issued in a transaction exempt from registration under Section 4(2) of the Securities Act of 1933. We have agreed to file a registration statement registering the resale of common shares issuable upon the redemption of OP Units.</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:10%;text-align:left;'><font size=2>The two Dulles Corner buildings were constructed in 1987 and 1988 and are adjacent to our existing properties in Dulles Corner. Our acquisition of these properties brings our ownership of the Dulles Corner Office Park to five existing buildings, one project currently under construction, and one future development site for a total of 1.3 million square feet.</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:10%;text-align:left;'><font size=2>We have also entered into an agreement to sell an approximately 173,000 square foot building in Montgomery County, Pennsylvania known as 111 Presidential Boulevard and an agreement to sell an approximately 646,269 square foot office building in suburban Dallas, Texas known as Walnut Glen for an aggregate of approximately $98.2 million. We expect these sales to close in the third quarter, subject to satisfaction of customary closing conditions.</font></p>



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        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-bottom:0pt;'><b><font size=2>Item
          9.01.</font></b></p>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-bottom:0pt;'><b><font size=2>Financial Statements and Exhibits</font></b></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><u><font size=2>Exhibits</font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:0pt;'><font size=2>3.1</font></p>
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        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
      </td>
      <td valign=bottom style='padding:0pt 0pt 0pt 0pt;'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-bottom:0pt;'><font size=2>Form
          of Fifteenth Amendment to Agreement of Limited Partnership of Brandywine
          Operating Partnership, L.P. dated August 15, 2006</font></p>
      </td>
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<p align="center"><Font size="2" face="serif">-2-</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Signatures</font></b></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:10%;text-align:left;'><font size=2>Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=bottom style='padding:0pt 0pt 0pt 0pt;'>

<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='padding:0pt 0pt 0pt 0pt;'>

<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font SIZE=2>B</font><font SIZE=1>RANDYWINE </font><font SIZE=2>O</font><font SIZE=1>PERATING </font><font SIZE=2>P</font><font SIZE=1>ARTNERSHIP</font><font size=2>,</font><font size=1> </font><font SIZE=2>L</font><font size=1>.</font><font SIZE=2>P</font><font size=1>., </font><font SIZE=2>B</font><font SIZE=1>Y </font><br> <font SIZE=2>B</font><font SIZE=1>RANDYWINE </font><font SIZE=2>R</font><font SIZE=1>EALTY </font><font SIZE=2>T</font><font SIZE=1>RUST</font><font size=2>,</font><font size=1> </font><font SIZE=2>G</font><font SIZE=1>ENERAL </font><font SIZE=2>P</font><font SIZE=1>ARTNER</font></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><br> <font size=2>Date: August 17, 2006</font></p> </td>

        <td valign=bottom style='padding:0pt 0pt 0pt 0pt;'>

<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

        <td valign=bottom style='padding:0pt 0pt 0pt 0pt;'>

<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>By:&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><br> <font size=2>/s/ Gerard H. Sweeney</font></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style='padding:0pt 0pt 0pt 0pt;'>

<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style='padding:0pt 0pt 0pt 0pt;'>

<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style='padding:0pt 0pt 0pt 0pt;'>

<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style='padding:0pt 0pt 0pt 0pt;'>

<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;margin-right:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>Gerard H. Sweeney</font><br> <font size=2>President and Chief Executive Officer</font></p> </td> </tr></table>
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  INDEX</font></p>


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        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><b><font size=1>No.</font></b><u></u></p>
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        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
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      <td valign=bottom style='padding:0pt 0pt 0pt 0pt;'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><b><font size=1>Description</font></b></p>
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        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-bottom:0pt;'>
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        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
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        <p style='margin-left:.4pt;text-indent:-.4pt;text-align:left;margin-top:2.0pt;margin-bottom:0pt;'><font size=2>3.1</font></p>
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      <td valign=bottom style='padding:0pt 0pt 0pt 0pt;' width="2%">
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
      </td>
      <td valign=bottom style='padding:0pt 0pt 0pt 0pt;'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-bottom:0pt;'><font size=2>Form
          of Fifteenth Amendment to Agreement of Limited Partnership of Brandywine
          Operating Partnership, L.P. dated August 15, 2006</font></p>
      </td>
    </tr>
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      <td valign=bottom style='padding:0pt 0pt 0pt 0pt; height:3.6pt;'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2.0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
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        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
      </td>
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        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
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Prepared and filed by St Ives Financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant To Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 15, 2006
B
RANDYWINE
O
PERATING
P
ARTNERSHIP,
L.P.
(Exact name of issuer as specified in charter)
DELAWARE
(State or Other
Jurisdiction
of Incorporation or
Organization)
000-24407
(Commission
file
number)
23-2862640
(I.R.S. Employer
Identification
Number)
555 East Lancaster Avenue, Suite 100
Radnor, Pennsylvania 19087
(Address of principal executive offices)
(610) 325-5600
(Registrant's telephone number, including area code)
Item
          3.02
Unregistered Sales of Equity Securities.
Item
          5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
Item
          8.01
Other Events.
On August 15, 2006 we acquired two office properties in Northern Virginia known as 2340 Dulles Corner Boulevard and 2355 Dulles Corner Boulevard for an aggregate purchase price of approximately $133.3 million, subject to customary pro rations and adjustments. We paid approximately $119.0 million of the purchase price in cash, assumed liabilities from the seller of approximately $0.5 million and the balance, approximately $13.8 million, through the issuance of 424,608 Class A Units of limited partnership interest ("OP Units"), valued at $32.546 per OP Unit. Each OP Unit is entitled to the same distributions that we make on our outstanding common OP Units. Each OP Unit is subject to redemption at the option of the holder for a cash amount equal to the then market price of one common share of Brandywine Realty Trust, our sole general partner. At our sole option, we may satisfy the
redemption of an OP Unit either for cash or for one such common share. On August 15, 2006, we supplemented our partnership agreement to provide for the issuance of the OP Units. The OP Units were issued in a transaction exempt from registration under Section 4(2) of the Securities Act of 1933. We have agreed to file a registration statement registering the resale of common shares issuable upon the redemption of OP Units.
The two Dulles Corner buildings were constructed in 1987 and 1988 and are adjacent to our existing properties in Dulles Corner. Our acquisition of these properties brings our ownership of the Dulles Corner Office Park to five existing buildings, one project currently under construction, and one future development site for a total of 1.3 million square feet.
We have also entered into an agreement to sell an approximately 173,000 square foot building in Montgomery County, Pennsylvania known as 111 Presidential Boulevard and an agreement to sell an approximately 646,269 square foot office building in suburban Dallas, Texas known as Walnut Glen for an aggregate of approximately $98.2 million. We expect these sales to close in the third quarter, subject to satisfaction of customary closing conditions.
Item
          9.01.
Financial Statements and Exhibits
Exhibits
3.1
Form
          of Fifteenth Amendment to Agreement of Limited Partnership of Brandywine
          Operating Partnership, L.P. dated August 15, 2006
-2-
Signatures
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
B
RANDYWINE
O
PERATING
P
ARTNERSHIP
,
L
.
P
.,
B
Y
B
RANDYWINE
R
EALTY
T
RUST
,
G
ENERAL
P
ARTNER
Date: August 17, 2006
By:
/s/ Gerard H. Sweeney
Gerard H. Sweeney
President and Chief Executive Officer
-3-
EXHIBIT
  INDEX
Exhibit
No.
Description
3.1
Form
          of Fifteenth Amendment to Agreement of Limited Partnership of Brandywine
          Operating Partnership, L.P. dated August 15, 2006