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Boston Properties Announces Joint Venture With New York State Common Retirement Fund.
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PR Newswire
- Article date:
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May 17, 2000
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Copyright informationCOPYRIGHT 2000 PR Newswire Association, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Two Initial Transactions Announced
BOSTON, May 17 /PRNewswire/ --
Boston Properties, Inc. (NYSE: BXP), a real estate investment trust, and H. Carl McCall, sole trustee of the New York State Common Retirement Fund (NYSCRF) today announced that they have entered into a joint venture agreement. The initial term of the joint venture agreement is the earlier of three years or until NYSCRF's equity commitment of $270 million is met. NYSCRF may increase its financial commitment prior to the end of the third year. During the term of the agreement, NYSCRF has the right to participate in Boston Properties' future acquisition opportunities and those development projects that ...
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