KBW Comments on Boston Properties Sale Consideration of Two Grand Central

“Acquisition and disposition activity does appear to be picking up steam across the board,” KBW wrote in a report this morning regarding Boston Properties Inc. BXP. “REITs are selectively pruning portfolios of lower-quality assets while there are strong capital flows targeting commercial real estate. BXP is reportedly considering sale of Two Grand Central -- pricing should be favorable and it is not of the A quality of BXP's overall portfolio. Adjusting estimates for previously announced Princeton sale termination.” Boston Properties closed Wednesday at $105.71.