BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced on January 14, 2026 that it has successfully completed strategic property dispositions totaling more than $1.0 billion in net proceeds. This milestone marks significant progress toward the company’s multi-year $1.9 billion asset disposition target for the 2025–2027 period, as outlined during BXP’s Investor Day in September 2025. The sales reflect BXP’s disciplined capital recycling strategy aimed at strengthening its long-term portfolio.
By the end of 2025, BXP had already completed asset sales amounting to approximately $845 million, with two additional transactions closing in January 2026, pushing total net proceeds beyond the $1.0 billion mark. These completed dispositions span multiple asset classes and regions, including seven suburban land parcels across Boston, San Francisco, and Washington, DC, generating approximately $220 million in proceeds. In addition, BXP sold two residential properties located in Cambridge, Massachusetts, and Reston, Virginia, contributing roughly $405 million, as well as seven non-core office and life sciences properties in Needham, Massachusetts, and South San Francisco, California, accounting for about $400 million.
According to Owen Thomas, Chairman and CEO of BXP, the company’s asset sales program is a central component of its broader strategic action plan. He emphasized that the initiative is designed to raise capital for BXP’s industry-leading premier workplace developments, where the company expects higher and more attractive returns, while also sharpening portfolio focus on premier workplace assets located in central business districts across core gateway markets.
As a fully integrated real estate investment trust (REIT) with over 55 years of experience, BXP continues to optimize its portfolio to align with evolving market conditions. As of September 30, 2025, the company’s real estate portfolio totaled 54.6 million square feet across 187 properties, including eight assets under construction or redevelopment, reinforcing its long-term commitment to delivering high-quality workplaces in Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC.
