It's a sports cliché that the best offense is a good defense, but not if you have a ton of dry powder and folks with shaky balance sheets are coughing up prime office properties at discount prices.
The field of play in the office sector is tilted in favor of the cash-rich players as everyone waits for the Fed to loosen its grip on the money supply.
For Boston Properties (BXP), now is the time to maximize its commitment to the office sector and deploy capital from a robust balance sheet to secure acquisitions. The REIT has been busy in recent weeks buying out the stakes of two of its joint venture partners in three office properties.
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