BXP
BXP is a publicly traded REIT and the largest US owner, developer and manager of Class A office workplaces, operating 162 properties totalling 50.6m square feet.
BXP is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, operating as a fully integrated real estate investment trust. Founded in 1970 and publicly listed since 1997, the company develops, acquires, owns, leases, manages and operates Class A office properties for forward-thinking organisations.
The portfolio comprises 162 properties totalling 50.6 million square feet, with 91.9% of in-service properties leased and a weighted-average lease term of 7.6 years. Annualised revenue stands at $3.4 billion, with annualised EBITDA attributable to the company of $2 billion. Properties are concentrated in Boston, Los Angeles, New York, San Francisco, Seattle and Washington, DC.
Operations span real estate development and operations, building technology, energy management and sustainable operations, alongside tenant experience technology and programmes intended to support client success. The company's integrated model means it handles each stage of a property's life in-house, from development through to day-to-day management and operation.
BXP invests in sustainable operations and energy management and frames its tenant experience work around strengthening communities and advancing opportunity.