| Business Summary | | Boston
Properties,
Inc.
is
a
full-service
real
estate
investment
trust
with
in-house
expertise
and
resources
in
acquisitions,
development,
financing,
construction
management,
property
management,
marketing,
leasing,
accounting,
tax
and
legal
services.
The
Company's
properties
are
concentrated
in
four
core
markets:
Boston,
Washington,
D.C.,
midtown
Manhattan
and
San
Francisco.
The
Company
conducts
substantially
all
of
its
business
through
Boston
Properties
Limited
Partnership.
As
of
December
31,
2000,
the
Company
owned
145
properties,
totaling
37.9
million
net
rentable
square
feet.
The
Company's
properties
consisted
of
134
office
properties,
comprised
of
103
Class
A
office
buildings
and
31
properties
that
support
both
office
and
technical
uses,
including
15
properties
under
construction,
eight
industrial
properties
and
three
hotels. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Boston
Properties
is
a
self-administered
and
self-managed
REIT,
operating
from
Virginia
to
Greater
Boston,
and
in
Greater
San
Francisco.
For
the
six
months
ended
6/30/01,
revenues
rose
15%
to
$489.7
million.
Net
income
applicable
to
Common
and
before
acct.
change
increased
54%
to
$101.4
million.
Revenues
reflect
an
increase
in
rental
rates
on
new
leases
and
rollovers.
Earnings
also
reflect
the
absence
of
interest
incurred
on
the
Unsecured
Line
of
Credit. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Mortimer Zuckerman, 62 Chairman | $417K | Edward Linde, 58 Pres,
Chief Exec. Officer | 442K | Douglas Linde, 36 CFO,
Sr. VP | 522K | Robert Burke, 62 Exec.
VP- Operations | 725K | Raymond Ritchey, 49 Exec.
Vice Pres and National Director of Acquisitions and Devel. | 825K | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|