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v3.25.1

Real Estate (Tables) | 3 Months Ended
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Mar. 31, 2025
Real Estate Properties [Line Items] |
Schedule of Real Estate Properties | BXP Real estate consisted of the following at March 31, 2025 and December 31, 2024 (in thousands):
|  | March 31, 2025 |  | December 31, 2024
Land |  | $ | 5,319,140 |  |  | $ | 5,318,724 |
Right of use assets - finance leases |  | 372,845 |  |  | 372,922 |
Right of use assets - operating leases |  | 330,129 |  |  | 334,767 |
Land held for future development (1) |  | 730,944 |  |  | 714,050 |
Buildings and improvements |  | 17,198,604 |  |  | 17,149,702 |
Tenant improvements |  | 3,902,214 |  |  | 3,866,371 |
Furniture, fixtures and equipment |  | 56,532 |  |  | 57,136 |
Construction in progress |  | 907,989 |  |  | 764,640 |
Total |  | 28,818,397 |  |  | 28,578,312 |
Less: Accumulated depreciation |  | (7,699,234) |  |  | (7,528,057) |
|  | $ | 21,119,163 |  |  | $ | 21,050,255 |
_______________ (1)Includes pre-development costs.
Boston Properties Limited Partnership |
Real Estate Properties [Line Items] |
Schedule of Real Estate Properties | BPLP Real estate consisted of the following at March 31, 2025 and December 31, 2024 (in thousands):
|  | March 31, 2025 |  | December 31, 2024
Land |  | $ | 5,224,431 |  |  | $ | 5,224,015 |
Right of use assets - finance leases |  | 372,845 |  |  | 372,922 |
Right of use assets - operating leases |  | 330,129 |  |  | 334,767 |
Land held for future development (1) |  | 730,944 |  |  | 714,050 |
Buildings and improvements |  | 16,927,048 |  |  | 16,878,146 |
Tenant improvements |  | 3,902,214 |  |  | 3,866,371 |
Furniture, fixtures and equipment |  | 56,532 |  |  | 57,136 |
Construction in progress |  | 907,989 |  |  | 764,640 |
Total |  | 28,452,132 |  |  | 28,212,047 |
Less: Accumulated depreciation |  | (7,567,356) |  |  | (7,397,882) |
|  | $ | 20,884,776 |  |  | $ | 20,814,165 |
_______________ (1)Includes pre-development costs.

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- Definition Tabular disclosure of lessor's underlying asset for which right to use has been conveyed to lessee under operating lease. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 840 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481501/840-20-50-4 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-13 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1 + Details
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