BXP · 10-Q · 2026Q2 · Full report
Acquisitions and Divestitures
BXP, Inc. · 2026-08-06 · Importance 46 · Surprise 42 · From source text
BXP generated approximately $432 million of net sale proceeds since January 1, 2026 and approximately $1.3 billion since its September 2025 Investor Conference. Five additional assets were under contract for sale with approximately $180 million of expected net proceeds, including approximately $120 million expected to close during 2026. BXP estimated that assets under contract and being marketed could produce up to an additional $440 million of net disposition proceeds by year-end 2026. Six-month portfolio results reflected the sale of approximately 1.49 million square feet, including the Lofts at Atlantic Wharf, Kingstowne Retail, North First Business Park and other residential, office and land assets.
Key facts
- From January 1, 2025 through August 5, 2026, the company completed 19 sales transactions with our share of the aggregate gross sales price of approximately $1.5 billion and our share of the net proceeds of approximately $1.3 billion. source
- BXP fully placed in-service 290 Binney Street, a 16-story, 572,578 square foot laboratory/life sciences property that is 100% leased to AstraZeneca. source
- Since January 1, 2026, BXP has generated approximately $432 million of net sale proceeds and approximately $1.3 billion since our Investor Conference. source
- Properties sold between April 1, 2025 and June 30, 2026 totaled 1,490,000 square feet and resulted in rental revenue changes and real estate operating expense changes totaling $15,973 thousand and $(15,819) thousand respectively (table totals show 1,490,000 and $15,973 and $(15,819)). source
- Five assets are currently under contract for sale, representing approximately $180 million of expected net proceeds, including approximately $120 million anticipated to close during 2026. source
- Gains on sales of real estate for the six months ended June 30, 2026 totaled $20,399 thousand for BXP and $20,418 thousand for BPLP. source
- Gains on sales of real estate for the six months ended June 30, 2026: total gain of $20,801 thousand for BXP and $20,820 thousand for BPLP relating to dispositions totaling 366,300 square feet including Land (191,000 sf) and Residential (87,000 sf) and Retail (88,300 sf). source
- Gain on sale of 17 Hartwell Avenue (Lexington, MA) on June 27, 2025: $18,390 thousand for BXP and $18,489 thousand for BPLP (30,000 square feet). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +1.8% | Properties sold between April 1, 2025 and June 30, 2026 totaled 1,490,000 square feet and resulted in rental revenue changes and real… |
| cash | positive | realized | +1.7% | Since January 1, 2026, BXP has generated approximately $432 million of net sale proceeds and approximately $1.3 billion since our Investor… |
| cash | positive | committed | +0.4% | Five assets are currently under contract for sale, representing approximately $180 million of expected net proceeds, including… |
| cash | positive | committed | +0.2% | Five assets are currently under contract for sale, representing approximately $180 million of expected net proceeds, including… |