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Diversification Helps REIT Stay Ahead of Tech Slumps

BOSTON-Stocks for Boston Properties remain high, though its assets are strewn around tech industry's cult cities.

By John Salustri | Updated on October 20, 2000

BOSTON-The bludgeoning that tech stocks have taken in the past few months raises questions about how owners in tech-destination cities maintain a positive balance sheet. Boston Properties (NYSE: BXP) is currently trading at 39 ¾. Not it’s highest this year, but certainly respectable. Bryan Koop, senior VP and locally based regional manager, explains that cautious leasing and an emphasis on diversity are the two keys to immunity from the deviations of tech.

“We underwrite our leases at execution,” he tells GlobeSt.com. “We have a team within our capital markets group that scrutinizes the business plans of all the companies we deal with.”

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