Boston Properties Inc BXP

Overview

Boston Properties, Inc. (NYSE: BXP), commonly referred to as BXP, stands as the largest publicly traded developer, owner, and manager of premier workplaces in the United States. The company boasts a significant presence in six dynamic gateway markets, including Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. With over 50 years of operational history, BXP has consistently fueled progress for clients and communities through its developed places. As a fully integrated real estate company, it operates as a real estate investment trust (REIT), encompassing a vast portfolio that totals 53.3 million square feet across 188 properties. This portfolio extends to 10 properties under construction or redevelopment, featuring a diverse mix of 167 office properties, 14 retail properties, six residential properties, and one hotel. BXP is renowned for its internal building management expertise and unparalleled responsiveness to clients' needs. Established in 1970 by Mortimer B. Zuckerman and Edward H. Linde, and transitioning to a public entity in 1997, BXP has positioned itself as an industry leader, earning recognition for its sustainable and responsible growth and operations. The company's dedication to sustainability has been acknowledged through a twelfth consecutive GRESB "Green Star" recognition and the highest GRESB 5-star Rating, underlining its commitment to environmental stewardship as an S&P 500 company.

Products and Services

• Office Properties

With 167 office properties across its portfolio, BXP specializes in premium Central Business District (CBD) office buildings, suburban office centers, and build-to-suit projects. These properties cater to a diverse array of creditworthy clients, integrating state-of-the-art design and technology to support the dynamic needs of businesses.

• Retail Properties

The company owns 14 retail properties, including two under construction/redevelopment. These strategically located retail spaces are designed to enhance the urban landscape, providing vibrant and accessible shopping environments that complement their surrounding communities.

• Residential Properties

BXP's portfolio includes six residential properties, with one currently under construction. These high-quality residential units are situated in sought-after locations, offering modern amenities and services that cater to the sophisticated needs of urban dwellers.

• Hotel

The inclusion of a hotel property in BXP's portfolio underscores the company's versatile approach to real estate development and management. This property enhances the company's mixed-use development strategy, providing accommodations that meet the high standards of hospitality and service.