Real Estate (Tables)

3 Months Ended

Mar. 31, 2021

Boston Properties, Inc.

Real estate consisted of the following at March 31, 2021 and December 31, 2020 (in thousands):


	March 31, 2021		December 31, 2020
Land	$	5,068,843	$	5,069,206
Right of use assets - finance leases	237,017		237,393
Right of use assets - operating leases	144,143		146,406
Land held for future development (1)	421,349		450,954
Buildings and improvements	14,004,418		13,777,691
Tenant improvements	2,816,726		2,752,880
Furniture, fixtures and equipment	51,549		49,606
Construction in progress	794,039		868,773
Total	23,538,084		23,352,909
Less: Accumulated depreciation	(5,665,061)		(5,534,102)
	$	17,873,023	$	17,818,807

_______________

(1)Includes pre-development costs.

Boston Properties Limited Partnership

Real estate consisted of the following at March 31, 2021 and December 31, 2020 (in thousands):


	March 31, 2021		December 31, 2020
Land	$	4,971,990	$	4,971,990
Right of use assets - finance leases	237,017		237,393
Right of use assets - operating leases	144,143		146,406
Land held for future development (1)	421,349		450,954
Buildings and improvements	13,725,776		13,498,098
Tenant improvements	2,816,726		2,752,880
Furniture, fixtures and equipment	51,549		49,606
Construction in progress	794,039		868,773
Total	23,162,589		22,976,100
Less: Accumulated depreciation	(5,557,784)		(5,428,576)
	$	17,604,805	$	17,547,524

_______________

(1)Includes pre-development costs.