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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
ASSETS    
Real estate, at cost (amounts related to variable interest entities (“VIEs”) of $7,426,998 and $7,172,718 at September 30, 2018 and December 31, 2017, respectively) $ 21,687,639 $ 21,096,642
Less: accumulated depreciation (amounts related to VIEs of $(942,678) and $(854,172) at September 30, 2018 and December 31, 2017, respectively) (4,838,496) (4,589,634)
Total real estate 16,849,143 16,507,008
Cash and cash equivalents (amounts related to VIEs of $284,053 and $304,955 at September 30, 2018 and December 31, 2017, respectively) 322,502 434,767
Cash held in escrows (amounts related to VIEs of $6,118 and $6,135 at September 30, 2018 and December 31, 2017, respectively) 101,282 70,602
Investments in securities 31,376 29,161
Tenant and other receivables (amounts related to VIEs of $42,193 and $27,057 at September 30, 2018 and December 31, 2017, respectively) 98,502 92,186
Related party note receivable 80,000 0
Accrued rental income (amounts related to VIEs of $269,794 and $242,589 at September 30, 2018 and December 31, 2017, respectively) 926,274 861,575
Deferred charges, net (amounts related to VIEs of $261,951 and $281,678 at September 30, 2018 and December 31, 2017, respectively) 669,545 679,038
Prepaid expenses and other assets (amounts related to VIEs of $62,325 and $33,666 at September 30, 2018 and December 31, 2017, respectively) 133,443 77,971
Investments in unconsolidated joint ventures 925,431 619,925
Total assets 20,137,498 19,372,233
Liabilities:    
Mortgage notes payable, net (amounts related to VIEs of $2,931,852 and $2,939,183 at September 30, 2018 and December 31, 2017, respectively) 2,967,548 2,979,281
Unsecured senior notes, net 7,253,786 7,247,330
Unsecured line of credit 170,000 45,000
Unsecured term loan, net 498,368 0
Accounts payable and accrued expenses (amounts related to VIEs of $78,893 and $106,683 at September 30, 2018 and December 31, 2017, respectively) 315,462 331,500
Dividends and distributions payable 165,118 139,040
Accrued interest payable (amounts related to VIEs of $6,659 and $6,907 at September 30, 2018 and December 31, 2017, respectively) 92,809 83,646
Other liabilities (amounts related to VIEs of $200,306 and $164,806 at September 30, 2018 and December 31, 2017, respectively) 468,433 443,980
Total liabilities 11,931,524 11,269,777
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 September 30, 2018 and December 31, 2017 200,000 200,000
Common stock, $0.01 par value, 250,000,000 shares authorized, 154,519,139 and 154,404,186 issued and 154,440,239 and 154,325,286 outstanding at September 30, 2018 and December 31, 2017, respectively 1,544 1,543
Additional paid-in capital 6,400,193 6,377,908
Dividends in excess of earnings (677,312) (712,343)
Treasury common stock at cost, 78,900 shares at September 30, 2018 and December 31, 2017 (2,722) (2,722)
Accumulated other comprehensive loss (45,137) (50,429)
Total stockholders’ equity attributable to Boston Properties, Inc. 5,876,566 5,813,957
Noncontrolling interests:    
Common units of Boston Properties Limited Partnership 618,380 604,739
Property partnerships 1,711,028 1,683,760
Total equity / capital 8,205,974 8,102,456
Total liabilities and equity / capital 20,137,498 19,372,233
Boston Properties Limited Partnership    
ASSETS    
Real estate, at cost (amounts related to variable interest entities (“VIEs”) of $7,426,998 and $7,172,718 at September 30, 2018 and December 31, 2017, respectively) 21,281,726 20,685,164
Less: accumulated depreciation (amounts related to VIEs of $(942,678) and $(854,172) at September 30, 2018 and December 31, 2017, respectively) (4,741,280) (4,496,959)
Total real estate 16,540,446 16,188,205
Cash and cash equivalents (amounts related to VIEs of $284,053 and $304,955 at September 30, 2018 and December 31, 2017, respectively) 322,502 434,767
Cash held in escrows (amounts related to VIEs of $6,118 and $6,135 at September 30, 2018 and December 31, 2017, respectively) 101,282 70,602
Investments in securities 31,376 29,161
Tenant and other receivables (amounts related to VIEs of $42,193 and $27,057 at September 30, 2018 and December 31, 2017, respectively) 98,502 92,186
Related party note receivable 80,000 0
Accrued rental income (amounts related to VIEs of $269,794 and $242,589 at September 30, 2018 and December 31, 2017, respectively) 926,274 861,575
Deferred charges, net (amounts related to VIEs of $261,951 and $281,678 at September 30, 2018 and December 31, 2017, respectively) 669,545 679,038
Prepaid expenses and other assets (amounts related to VIEs of $62,325 and $33,666 at September 30, 2018 and December 31, 2017, respectively) 133,443 77,971
Investments in unconsolidated joint ventures 925,431 619,925
Total assets 19,828,801 19,053,430
Liabilities:    
Mortgage notes payable, net (amounts related to VIEs of $2,931,852 and $2,939,183 at September 30, 2018 and December 31, 2017, respectively) 2,967,548 2,979,281
Unsecured senior notes, net 7,253,786 7,247,330
Unsecured line of credit 170,000 45,000
Unsecured term loan, net 498,368 0
Accounts payable and accrued expenses (amounts related to VIEs of $78,893 and $106,683 at September 30, 2018 and December 31, 2017, respectively) 315,462 331,500
Dividends and distributions payable 165,118 139,040
Accrued interest payable (amounts related to VIEs of $6,659 and $6,907 at September 30, 2018 and December 31, 2017, respectively) 92,809 83,646
Other liabilities (amounts related to VIEs of $200,306 and $164,806 at September 30, 2018 and December 31, 2017, respectively) 468,433 443,980
Total liabilities 11,931,524 11,269,777
Commitments and contingencies 0 0
Noncontrolling interest:    
Redeemable partnership units—16,804,929 and 16,810,378 common units and 992,321 and 818,343 long term incentive units outstanding at redemption value at September 30, 2018 and December 31, 2017, respectively 2,190,664 2,292,263
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 September 30, 2018 and December 31, 2017 193,623 193,623
Noncontrolling interests:    
Boston Properties Limited Partnership partners’ capital—1,722,375 and 1,719,540 general partner units and 152,717,864 and 152,605,746 limited partner units outstanding at September 30, 2018 and December 31, 2017, respectively 3,801,962 3,614,007
Noncontrolling interests in property partnerships 1,711,028 1,683,760
Total equity / capital 5,706,613 5,491,390
Total liabilities and equity / capital $ 19,828,801 $ 19,053,430