BXP (Boston Properties)

About BXP (Boston Properties)

BXP (Boston Properties) is a real estate operator headquartered in Boston, MA. BXP (Boston Properties) operates in Boston, Massachusetts, Los Angeles, California (LA) and New York City, New York. Its investment focus is on Hospitality, Life Science and Placemaking.

BXP, Inc., formerly Boston Properties, Inc., is a publicly traded real estate investment trust (REIT) specializing in premier workplaces across key U.S. markets. Founded in 1970, BXP has completed 56 years of continuous operation. The company functions as the largest publicly traded developer, owner, and manager of premier workplaces in the United States. The company focuses its primary investment and asset management activity on Class A office environments, expanding heavily into the burgeoning life sciences sector. Geographically, BXP concentrates its portfolio across six major metropolitan gateway markets: Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, D.C. The company's aggregate commercial footprint includes a total of 164 properties encompassing approximately 50.4 million square feet of rentable space, which includes six properties under active construction or redevelopment. Within its active, in-service portfolio, properties maintain a steady 90.9% lease rate backed by a weighted-average lease term of 7.5 years. On the financial side, BXP generates significant institutional scale, delivering an annualized share of total revenue of 3.3 billion dollars alongside an annualized share of EBITDAre of 1.7 billion dollars.

Principals at BXP (Boston Properties)