|Traded as||NYSE: BXP|
S&P 500 Component
|Industry||Real Estate Investment Trust|
|Founder||Mortimer Zuckerman, Edward H. Linde|
|Headquarters||Boston, Massachusetts, U.S.|
|Owen D. Thomas, CEO, Douglas T. Linde, President, Michael E. LaBelle, CFO, Mortimer Zuckerman, Chairman|
|Products||Real Estate Investment Trust, Property Developer|
|Revenue||US$2.49 billion (2015)|
|US$849.36 million (2015)|
|US$583.10 million (2015)|
|Total assets||US$18.37 billion (2015)|
|Total equity||US$5.70 billion (2015)|
Number of employees
|Subsidiaries||Boston Properties Limited Partnership|
Boston Properties, Inc., a self-administered and self-managed American real estate investment trust (REIT), is one of the largest owners, managers and developers of Class A office properties in the United States, with a significant presence in five markets: Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company was founded in 1970 by Mortimer B. Zuckerman and Edward H. Linde in Boston, Massachusetts, where it maintains its headquarters. Boston Properties became a public company in June 1997 and is traded on the New York Stock Exchange under the symbol “BXP.”
Boston Properties is a fully integrated real estate investment trust that develops, redevelops, acquires, manages, operates, and owns a diverse portfolio of primarily Class A office space totaling 47.7 million square feet and consisting of 164 office properties (including six properties under construction), five retail properties, four residential properties (including two properties under construction) and one hotel.
The company specializes in high-performance workspace and acquired several high-value properties in these markets.
In 1985 they won the bid against Donald Trump to re-develop the Coliseum at Columbus Circle. In 2008, they acquired the General Motors Building in New York City for US$2.8 billion, the highest paid for an American office building. It also owns one hotel property and is a member of REBNY.
In October 2010, Boston Properties bought the former John Hancock Tower and Garage (now known as "200 Clarendon", but residents still call it by its former name) from a partnership between Normandy Real Estate Partners & Five Mile Capital Partners for $930 million.
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