BXP announced it has completed a series of property sales generating aggregate net proceeds of more than $1.0 billion, marking progress toward the company’s multi-year $1.9 billion disposition target for 2025 through 2027 that it outlined at its September 2025 Investor Day.
The Boston-based office REIT said dispositions completed through the end of 2025 totaled about $845 million, and two additional transactions that closed in January 2026 lifted total net proceeds from completed sales to more than $1.0 billion to date.
BXP said the completed transactions include sales of seven suburban land parcels across the Boston, San Francisco, and Washington, DC regions for approximately $220 million of net proceeds. The company also sold two residential properties—one in Cambridge, Massachusetts and one in Reston, Virginia—for approximately $405 million of net proceeds. In addition, BXP completed the sale of seven non-core office and life sciences properties located in Needham, Massachusetts and South San Francisco, California for approximately $400 million of net proceeds.
Chief Executive Owen Thomas said the disposition program is intended to recycle capital into BXP’s premier workplace development pipeline and further concentrate the company’s workplace portfolio in central business districts across its core gateway markets.
BXP describes itself as the largest publicly traded developer, owner, and manager of “premier workplaces” in the U.S., with a footprint concentrated in Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. As of Sept. 30, 2025, BXP said its portfolio—including properties owned by unconsolidated joint ventures—totaled 54.6 million square feet across 187 properties, including eight assets under construction or redevelopment.
KEY QUOTE:
“Optimizing our portfolio is a key strategic priority of our action plan. Our asset sales program is designed to both raise capital to fund our industry-leading premier workplace developments, where we can achieve more attractive returns, as well as increase our premier workplace portfolio concentration in central business districts in our core gateway markets.”
Owen Thomas, Chairman and CEO, BXP
