The company acquired its joint venture partner's interest in Santa Monica Business Park for $38.0 million. This acquisition increases BXP's ownership and control over a significant asset in the Los Angeles market.

The company elected to suspend redevelopment on 105 Carnegie Center in Princeton, New Jersey. This decision suggests a change in strategy or a reassessment of the project's viability, potentially due to market conditions or cost considerations.

As of December 31, 2023, the company had 10 properties under construction/redevelopment, which are expected to total approximately 2.7 million net rentable square feet upon completion. This indicates a continued commitment to growth through development projects.

The overall occupancy of in-service premier workplace and retail properties was 88.4% at December 31, 2023, a decrease of 40 basis points from September 30, 2023. This indicates a slight decline in the utilization of the company's properties.

In the fourth quarter of 2023, the company signed more than 1.5 million square feet of leases with a weighted-average lease term of approximately 8.4 years, for a total of approximately 4.2 million square feet leased in 2023 with a weighted-average lease term of 8.2 years. This suggests successful management efforts in securing leases.

The company continues to emphasize sustainability, with recognition as an industry leader and establishment of environmental goals. This demonstrates a commitment to responsible management practices.

The company's performance is highly dependent on the economic conditions in its core markets (Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC). A downturn in these markets could negatively impact demand and rental rates.

Market and economic volatility due to adverse economic and geopolitical conditions, health crises, or dislocations in the credit markets could have a material adverse effect on the company's results of operations, financial condition, and ability to pay dividends and/or distributions.

The company faces risks associated with security breaches, incidents, and compromises through cyber attacks, cyber intrusions or otherwise, as well as other significant disruptions of its information technology (IT) networks and related systems.

The company faces significant competition from developers, owners and managers of office, life sciences and residential properties and other commercial real estate, including sublease space available from its clients. This competition may affect the company's ability to attract and retain clients and may reduce the rents it is able to charge.

The company focuses on premier workplaces, which are well-located buildings that are modern or have been modernized, attract creditworthy clients, and command upper-tier rental rates. This focus provides a competitive advantage in attracting and retaining high-quality tenants.

The company believes opportunities exist to increase cash flow from existing properties through increased occupancy and rental rates, and it is pursuing strategies to maximize benefits from these opportunities, such as providing high-quality property management services and achieving speed and transaction cost efficiency in replacing departing clients.

The company directly manages its office properties to maximize the potential for client retention. This allows for maintaining awareness of and responsiveness to client needs and provides cost efficiencies through preventive maintenance and energy management.

The company works with new or existing clients with space expansion or contraction needs, leveraging its expertise and clustering of assets to maximize cash flow. This involves tenant and capital improvements, which can improve operational efficiency.

The company believes the select re-development of assets within its portfolio, where through the ability to increase the building size and/or to increase cash flow and generate appropriate returns on incremental investment after consideration of the asset's current and future cash flows, may be desirable.

The company owns and develops high-quality real estate designed to meet the demands of today's clients who require sophisticated telecommunications and related infrastructure, support services, sustainable features and amenities, including those amenities that enrich in-person experiences and support a hybrid work environment.

The company has installed indoor air quality monitoring devices across approximately 40 buildings that continue to provide real-time indoor air quality data, maintains enhanced air filtration in buildings and continue to conduct air and water quality testing.

The company has implemented and maintains a cybersecurity program that is designed to identify, assess and manage risks from cybersecurity threats and was established by reference to the National Institute of Standards and Technology ("NIST") Cybersecurity Framework.

The company's capital allocation strategy is focused on selectively developing premier workplaces, including high-rise urban developments, mixed-use developments, and life sciences space, as well as opportunistically acquiring assets that increase market share.

The company enhances its capital structure through access to a variety of sources of capital and proactively manages its debt expirations, demonstrating a focus on financial stability.

The company pursues on a selective basis the sale of properties or interests therein, including core properties, to take advantage of demand or pare from the portfolio properties with slower future growth potential.

The company actively promotes growth and operations sustainably and responsibly across its six dynamic gateway markets, with a strategy to contribute to positive economic, social, and environmental outcomes.

BXP has received numerous awards and recognitions for its sustainability efforts, including a GRESB 5-star rating, MSCI rating of 'AA', and inclusion in Newsweek's America's Most Responsible Companies.

The company has committed to achieving carbon-neutral operations (for direct and indirect Scope 1 and Scope 2 GHG emissions) by 2025 from its occupied and actively managed buildings where it has operational control.

The company's performance is dependent on economic conditions, particularly supply and demand, in Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. Downturns in these markets could reduce demand for office space.

Market and economic volatility due to adverse economic and geopolitical conditions, health crises, or dislocations in the credit markets could have a material adverse effect on the company's results of operations, financial condition, and ability to pay dividends and/or distributions.

The company faces significant competition from developers, owners, and managers of office, life sciences, and residential properties and other commercial real estate. This competition may affect the company's ability to attract and retain clients and may reduce rental rates.