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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
ASSETS    
Real estate, at cost (amounts related to variable interest entities (“VIEs”) of $7,000,820 and $6,760,078 at June 30, 2017 and December 31, 2016, respectively) $ 20,614,366 $ 20,147,263
Less: accumulated depreciation (amounts related to VIEs of $(799,299) and $(758,640) at June 30, 2017 and December 31, 2016, respectively) (4,379,446) (4,222,235)
Total real estate 16,234,920 15,925,028
Cash and cash equivalents (amounts related to VIEs of $322,574 and $253,999 at June 30, 2017 and December 31, 2016, respectively) 492,435 356,914
Cash held in escrows (amounts related to VIEs of $4,360 and $4,955 at June 30, 2017 and December 31, 2016, respectively) 47,345 63,174
Investments in securities 26,781 23,814
Tenant and other receivables (amounts related to VIEs of $17,950 and $23,525 at June 30, 2017 and December 31, 2016, respectively) 88,687 92,548
Accrued rental income (amounts related to VIEs of $227,199 and $224,185 at June 30, 2017 and December 31, 2016, respectively) 820,022 799,138
Deferred charges, net (amounts related to VIEs of $267,240 and $290,436 at June 30, 2017 and December 31, 2016, respectively) 658,219 686,163
Prepaid expenses and other assets (amounts related to VIEs of $41,819 and $42,718 at June 30, 2017 and December 31, 2016, respectively) 93,985 129,666
Investments in unconsolidated joint ventures 819,368 775,198
Total assets 19,281,762 18,851,643
Liabilities:    
Mortgage notes payable, net (amounts related to VIEs of $2,943,890 and $2,018,483 at June 30, 2017 and December 31, 2016, respectively) 2,986,283 2,063,087
Unsecured senior notes, net 7,250,356 7,245,953
Unsecured line of credit 0 0
Unsecured term loan 0 0
Mezzanine notes payable (amounts related to VIEs of $0 and $307,093 at June 30, 2017 and December 31, 2016, respectively) 0 307,093
Outside members’ notes payable (amounts related to VIEs of $0 and $180,000 at June 30, 2017 and December 31, 2016, respectively) 0 180,000
Accounts payable and accrued expenses (amounts related to VIEs of $116,413 and $110,457 at June 30, 2017 and December 31, 2016, respectively) 303,559 298,524
Dividends and distributions payable 130,432 130,308
Accrued interest payable (amounts related to VIEs of $6,706 and $162,226 at June 30, 2017 and December 31, 2016, respectively) 85,172 243,933
Other liabilities (amounts related to VIEs of $159,529 and $175,146 at June 30, 2017 and December 31, 2016, respectively) 452,608 450,821
Total liabilities 11,208,410 10,919,719
Commitments and contingencies 0 0
Equity / Capital:    
Excess stock, $0.01 par value, 150,000,000 shares authorized, none issued or outstanding 0 0
Preferred stock, $.01 par value, 50,000,000 shares authorized    
5.25% Series B cumulative redeemable preferred stock/unit, liquidation preference $2,500 per share/unit, 92,000 shares authorized, 80,000 shares/units issued and outstanding at June 30, 2017 and December 31, 2016 200,000 200,000
Common stock, $0.01 par value, 250,000,000 shares authorized, 154,386,429 and 153,869,075 issued and 154,307,529 and 153,790,175 outstanding at June 30, 2017 and December 31, 2016, respectively 1,543 1,538
Additional paid-in capital 6,363,034 6,333,424
Dividends in excess of earnings (694,320) (693,694)
Treasury common stock at cost, 78,900 shares at June 30, 2017 and December 31, 2016 (2,722) (2,722)
Accumulated other comprehensive loss (53,161) (52,251)
Total stockholders’ equity attributable to Boston Properties, Inc. 5,814,374 5,786,295
Noncontrolling interests:    
Common units of Boston Properties Limited Partnership 604,997 614,982
Property partnerships 1,653,981 1,530,647
Total equity / capital 8,073,352 7,931,924
Total liabilities and equity / capital 19,281,762 18,851,643
Boston Properties Limited Partnership    
ASSETS    
Real estate, at cost (amounts related to variable interest entities (“VIEs”) of $7,000,820 and $6,760,078 at June 30, 2017 and December 31, 2016, respectively) 20,202,321 19,733,872
Less: accumulated depreciation (amounts related to VIEs of $(799,299) and $(758,640) at June 30, 2017 and December 31, 2016, respectively) (4,290,112) (4,136,364)
Total real estate 15,912,209 15,597,508
Cash and cash equivalents (amounts related to VIEs of $322,574 and $253,999 at June 30, 2017 and December 31, 2016, respectively) 492,435 356,914
Cash held in escrows (amounts related to VIEs of $4,360 and $4,955 at June 30, 2017 and December 31, 2016, respectively) 47,345 63,174
Investments in securities 26,781 23,814
Tenant and other receivables (amounts related to VIEs of $17,950 and $23,525 at June 30, 2017 and December 31, 2016, respectively) 88,687 92,548
Accrued rental income (amounts related to VIEs of $227,199 and $224,185 at June 30, 2017 and December 31, 2016, respectively) 820,022 799,138
Deferred charges, net (amounts related to VIEs of $267,240 and $290,436 at June 30, 2017 and December 31, 2016, respectively) 658,219 686,163
Prepaid expenses and other assets (amounts related to VIEs of $41,819 and $42,718 at June 30, 2017 and December 31, 2016, respectively) 93,985 129,666
Investments in unconsolidated joint ventures 819,368 775,198
Total assets 18,959,051 18,524,123
Liabilities:    
Mortgage notes payable, net (amounts related to VIEs of $2,943,890 and $2,018,483 at June 30, 2017 and December 31, 2016, respectively) 2,986,283 2,063,087
Unsecured senior notes, net 7,250,356 7,245,953
Unsecured line of credit 0 0
Unsecured term loan 0 0
Mezzanine notes payable (amounts related to VIEs of $0 and $307,093 at June 30, 2017 and December 31, 2016, respectively) 0 307,093
Outside members’ notes payable (amounts related to VIEs of $0 and $180,000 at June 30, 2017 and December 31, 2016, respectively) 0 180,000
Accounts payable and accrued expenses (amounts related to VIEs of $116,413 and $110,457 at June 30, 2017 and December 31, 2016, respectively) 303,559 298,524
Dividends and distributions payable 130,432 130,308
Accrued interest payable (amounts related to VIEs of $6,706 and $162,226 at June 30, 2017 and December 31, 2016, respectively) 85,172 243,933
Other liabilities (amounts related to VIEs of $159,529 and $175,146 at June 30, 2017 and December 31, 2016, respectively) 452,608 450,821
Total liabilities 11,208,410 10,919,719
Commitments and contingencies 0 0
Noncontrolling interest:    
Redeemable partnership units—16,823,685 and 17,079,511 common units and 816,982 and 904,588 long term incentive units outstanding at redemption value at June 30, 2017 and December 31, 2016, respectively 2,170,155 2,262,040
Preferred stock, $.01 par value, 50,000,000 shares authorized    
5.25% Series B cumulative redeemable preferred stock/unit, liquidation preference $2,500 per share/unit, 92,000 shares authorized, 80,000 shares/units issued and outstanding at June 30, 2017 and December 31, 2016 193,623 193,623
Accumulated other comprehensive loss (61,867) (60,853)
Noncontrolling interests:    
Boston Properties Limited Partnership partners’ capital—1,719,482 and 1,717,743 general partner units and 152,588,047 and 152,072,432 limited partner units outstanding at June 30, 2017 and December 31, 2016, respectively 3,732,882 3,618,094
Noncontrolling interests in property partnerships 1,653,981 1,530,647
Total equity / capital 5,580,486 5,342,364
Total liabilities and equity / capital $ 18,959,051 $ 18,524,123