June 1997 In response to escalating investor demand for REITs, Boston Properties, Inc. (NYSE: BXP) concludes the largest equity REIT IPO at the time, raising $902.8 million. The company's equity market cap is now nearly $10 billion, making it the fifth-largest U.S. REIT. The largest equity REIT IPO was completed by Douglas Emmett (NYSE: DEI) in October 2006 for $1.6 billion. The largest mortgage REIT IPO belongs to KKR Financial (NYSE: KFN), now a subsidiary of KKR Financial Holdings LLC, raising $910 million in June 2005.
View a list of REIT IPO activity.
Visit Boston Properties' website.
Timeline Year
1997
Brightcove Video
Caption Text
Watch a video with Martin Cohen and Robert Steers of Cohen & Steers discussing the current IPO market.