Portfolios
Owners · portfolio

Boston Properties (BXP)

16 tracked holdings · avg cap 4.97%
Gross tracked value
$19.2B
Recorded debt
$4.2B
Markets
11

Ownership-chain cross-check

Chain-entity view
Tagged portfolio: 16 assets. Boston Properties (BXP) appears in the recorded ownership chains of 1 asset.

Track record

sourced
GLEIF-verifiedBXP, INC. · US-DE549300OF70FSEUQBT254not consolidated by any parentGLEIF record
OFAC SDN screen: no name match.verify at OFAC
Disclosed deals
2
Disclosed volume
$1.7B
Span
2002–2018
Sides
0 bought · 0 sold · 2 owner
Asset · dealRoleDisclosed valueYearSource
SANTAMONSanta Monica Business Park
2018 acquisition price (~$627.5M) by BXP/CPPIB JV; officially disclosed in BXP and CPP Investments press releases. BXP holds 55% (CPPIB 45%). [Corrected: the claimed ~71% buyout was a conflation with 360 Park Avenue South, a different asset; no buyout of SMBP confirmed.]
Owner of record$628M2018CPP Investments / BXP press releases; REBusinessOnline
399PARKA399 Park Avenue
2002 acquisition price from Citibank, N.A. ($1.06 billion); officially disclosed in BXP press release. Current market value likely higher. 100% BXP-owned.
Owner of record$1.1B2002BXP (Boston Properties) investor relations / press release
Disclosed transactions only — the record's own wording sets the side; “owner of record” means the deal names Boston Properties (BXP) as the resulting owner without stating buyer or seller. Partial-interest deals show the stated gross valuation. Fund vintage, AUM and IRR are private figures outside the public record and are not shown.

Exposure

modeled where undisclosed
Largest position
15%
Top market
15%
Top class
85%
Largest: General Motors Building (767 Fifth) ($2.8B) · top market New York · top class Office. Shares of $19.2B across 16 tracked assets — full asset values, not this entity’s share; 2 of 16 carry a disclosed deal value, the rest are modeled.

Counterparty concentration

sourced
Lenders across the recorded debt of Boston Properties (BXP)’s tracked assets — outstanding, publicly recorded tranches plus SEC ABS-EE CMBS trust notes.
Counterparties
5
Recorded principal
$4.2B
CMBS trust notes
$73M
CounterpartyRecordAssetsPrincipalSource
Morgan Stanley, Citigroup, Deutsche Bank and Wells Fargorecorded debt1$2.3Bfiling
Wells Fargo, Deutsche Bank, Morgan Stanley and Citigrouprecorded debt1$1.0Bfiling
Bank of China; with Helaba and Deka Immobilienrecorded debt1$600Mfiling
BMO 2022-C1 Mortgage TrustCMBS trust1$40Mfiling
Citigroup Commercial Mortgage Trust 2017-P8 (CGCMT 2017-P8)CMBS trust1$33Mfiling
CMBS principal is the cited trust's pari-passu note only — a slice of a larger whole loan, not the full mortgage on the building. A trust note can also be a slice of a loan already recorded above, so the two totals are shown separately, never summed. Tranches whose lender is not publicly named count toward principal but are never listed as a counterparty.

Cross-collateral signal

No single recorded lender spans multiple assets of this entity.

Exposure by market

New York$2.9B · 15%
Plaza District$2.8B · 15%
Back Bay$2.5B · 13%
SF Financial District$2.4B · 13%
Boston$2.3B · 12%
Reston$2.0B · 10%
Midtown Manhattan$1.4B · 7%
San Francisco$1.3B · 7%
Santa Monica$628M · 3%
Flatiron / NoMad / Madison Square$620M · 3%
Washington DC CBD / Downtown$420M · 2%

Class mix

Office$16.3B · 85%
Mixed-use$2.8B · 15%
NAV bridgeLocked · Analyst
Gross value → recorded debt → implied equity across the holdings.
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Debt maturity wallLocked · Analyst
Recorded principal bucketed by maturity year across the holdings.
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Tenant concentration

Named tenants appearing across the tracked holdings — roster samples, not full rent rolls.
Apple (Cube Store)Weil GotshalPerella WeinbergKnitWell Group (parent of Ann Taylor, Talbots, Lane Bryant, LOFT, Chico's)Salesforce (Salesforce.com) — 714,000 sq ft lease, naming rightsBain CapitalRopes & Gray LLPTiffany & Co.

Holdings

Trust
GENERALMGeneral Motors Building (767 Fifth)Plaza District · Office · 4.20% cap · +1.8% YTDPlaza DistrictOffice$2.80B4.20%$1,399$118M2.00M+1.8%partial, 2 sources
RESTONTOReston Town CenterReston · Mixed-use · 4.85% cap · +0.0% YTDRestonMixed-use$2.00B4.85%$500$97M4.00M+0.0%partial, 2 sources
601LEXIN601 Lexington Avenue (Citigroup Center)New York · Office · 5.00% cap · +0.0% YTDNew YorkOffice$1.80B5.00%$1,125$90M1.60M+0.0%partial, 3 sources
SALESFORSalesforce TowerSF Financial District · Office · 5.10% cap · -2.0% YTDSF Financial DistrictOffice$1.70B5.10%$1,214$87M1.40M-2.0%partial, 2 sources
200CLARE200 Clarendon (John Hancock Tower)Back Bay · Office · 4.85% cap · +4.4% YTDBack BayOffice$1.65B4.85%$917$80M1.80M+4.4%partial, 2 sources
100FEDER100 Federal StreetBoston · Office · 5.00% cap · +0.0% YTDBostonOffice$1.50B5.00%$1,134$75M1.32M+0.0%partial, 2 sources
TIMESSQUTimes Square Tower (7 Times Sq)Midtown Manhattan · Office · 4.65% cap · +3.7% YTDMidtown ManhattanOffice$1.40B4.65%$1,123$65M1.25M+3.7%partial, 2 sources
399PARKA399 Park AvenueNew York · Office · 5.00% cap · +0.0% YTDNew YorkOffice$1.06B5.00%$624$53M1.70M+0.0%verified, 3 sources
PRUDENTIPrudential Tower BostonBack Bay · Mixed-use · 5.10% cap · +3.7% YTDBack BayMixed-use$840M5.10%$700$43M1.20M+3.7%partial, 2 sources
ATLANTICAtlantic Wharf Office BuildingBoston · Office · 5.00% cap · +0.0% YTDBostonOffice$800M5.00%$1,011$40M0.79M+0.0%partial, 2 sources
ONEEMBAROne Embarcadero CenterSF Financial District · Office · 5.55% cap · -3.4% YTDSF Financial DistrictOffice$720M5.55%$571$40M1.26M-3.4%partial, 1 sources
FOUREMBAFour Embarcadero CenterSan Francisco · Office · 5.00% cap · +0.0% YTDSan FranciscoOffice$700M5.00%$746$35M0.94M+0.0%partial, 2 sources
SANTAMONSanta Monica Business ParkSanta Monica · Office · 5.00% cap · +0.0% YTDSanta MonicaOffice$628M5.00%$523$31M1.20M+0.0%verified, 4 sources
200FIFTH200 Fifth AvenueFlatiron / NoMad / Madison Square · Office · 4.80% cap · -3.1% YTDFlatiron / NoMad / Madison SquareOffice$620M4.80%$721$30M0.86M-3.1%partial, 3 sources
THREEEMBThree Embarcadero CenterSan Francisco · Office · 5.00% cap · +0.0% YTDSan FranciscoOffice$550M5.00%$704$28M0.78M+0.0%partial, 2 sources
1101NEWY1101 New York Avenue NWWashington DC CBD / Downtown · Office · 5.50% cap · -3.4% YTDWashington DC CBD / DowntownOffice$420M5.50%$1,063$23M0.40M-3.4%partial, 2 sources
YTD, cap rates and $/SF (tracked value ÷ area) are modeled estimates — the trust dot counts actual sourced categories per asset.