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.

Nareit - Boston
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Brightcove Video
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Watch a video with Martin Cohen and Robert Steers of Cohen & Steers discussing the current IPO market.