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Real Estate (Tables)

12 Months Ended

Dec. 31, 2022

Real Estate Properties [Line Items]

Schedule of Real Estate Properties

BXP

Real estate consisted of the following at December 31, 2022 and December 31, 2021 (in thousands):

						December 31, 2022						December 31, 2021
Land						$	5,189,811					$	5,061,169
Right of use assets - finance leases						237,510						237,507
Right of use assets - operating leases						167,351						169,778
Land held for future development (1)						721,501						560,355
Buildings and improvements						15,820,724						14,291,214
Tenant improvements						3,200,743						2,894,025
Furniture, fixtures and equipment						50,310						51,695
Construction in progress						406,574						894,172
Total						25,794,524						24,159,915
Less: Accumulated depreciation						(6,298,082)						(5,883,961)
						$	19,496,442					$	18,275,954

_______________

(1)Includes pre-development costs.

Madison Centre

Real Estate Properties [Line Items]

Asset Acquisition [Table Text Block]

The following table summarizes the allocation of the purchase price, including transaction costs, of Madison Centre at the date of acquisition (in thousands):

Land						$	104,641
Building and improvements						505,766
Tenant improvements						58,570
In-place lease intangibles						74,598
Above-market lease intangibles						3,794
Below-market lease intangibles						(23,114)
Net assets acquired						$	724,255

125 Broadway

Real Estate Properties [Line Items]

Asset Acquisition [Table Text Block]

The following table summarizes the allocation of the purchase price, including transaction costs, of 125 Broadway at the date of acquisition (in thousands):

Land						$	126,364
Building and improvements						403,588
Tenant improvements						30,074
In-place lease intangibles						49,137
Below-market lease intangibles						(16,725)
Net assets acquired						$	592,438

Madison Centre and 125 Broadway

Real Estate Properties [Line Items]

Schedule of Finite-Lived Intangible Assets Acquired

The following table summarizes the estimated annual amortization of the acquired in-place lease intangibles and the acquired above- and below-market lease intangibles for Madison Centre and 125 Broadway as of their acquisition dates for each of the five succeeding fiscal years (in thousands):

						Acquired In-Place Lease Intangibles						Acquired Above-Market Lease Intangibles						Acquired Below-Market Lease Intangible
2023						20,940						1,098						6,417
2024						19,582						254						6,386
2025						19,510						254						6,373
2026						19,046						254						6,185
2027						17,901						254						5,780

Boston Properties Limited Partnership

Real Estate Properties [Line Items]

Schedule of Real Estate Properties

BPLP

Real estate consisted of the following at December 31, 2022 and December 31, 2021 (in thousands):

						December 31, 2022						December 31, 2021
Land						$	5,095,102					$	4,964,986
Right of use assets - finance leases						237,510						237,507
Right of use assets - operating leases						167,351						169,778
Land held for future development (1)						721,501						560,355
Buildings and improvements						15,547,919						14,014,010
Tenant improvements						3,200,743						2,894,025
Furniture, fixtures and equipment						50,310						51,695
Construction in progress						406,574						894,172
Total						25,427,010						23,786,528
Less: Accumulated depreciation						(6,180,474)						(5,772,018)
						$	19,246,536					$	18,014,510

_______________

(1)Includes pre-development costs.

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