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Boston Properties Announces CEO Succession Plan

Douglas T. Linde, President of Boston Properties, added, “Owen is an outstanding, seasoned executive with a long track record of success. We have known each other for many years and I look forward to a strong partnership with him as we drive the next phase of the Company’s growth.”

Mr. Thomas commented, “Boston Properties has been at the forefront of real estate investing for over four decades, and the Company’s strong reputation and track record of successful investing and development speaks for itself. I’m honored to have the opportunity to join such an accomplished company and also to work closely with Mort and the rest of the outstanding leadership team.”

Biography of Owen D. Thomas

Owen D. Thomas, 51, has served as Chairman of the Board of Directors of Lehman Brothers Holdings Inc. since March 2012. From 1987 until 2011, Mr. Thomas held various positions at Morgan Stanley, including Chief Executive Officer of Morgan Stanley Asia Ltd., President of Morgan Stanley Investment Management, Head of Morgan Stanley Real Estate and Managing Director. Mr. Thomas was also a member of Morgan Stanley’s Management Committee from 2005 to 2011. He is a Director of the University of Virginia Investment Management Company, a Trustee of the Urban Land Institute and the former Chairman of the Pension Real Estate Association. He received a B.A. in Mechanical Engineering from the University of Virginia and an M.B.A. from Harvard Business School.

Boston Properties is a fully integrated, self-administered and self-managed real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of Class A office space, one hotel, three residential properties and four retail properties. The Company is one of the largest owners and developers of Class A office properties in the United States, concentrated in five markets – Boston, New York, Princeton, San Francisco and Washington, DC.

For more information visit the Company’s web site at  http://www.bostonproperties.com.



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