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BXP Announces Executive Leadership Update

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BXP (NYSE: BXP), a leading real estate investment trust, announced that Senior Executive Vice President Raymond A. Ritchey will transition to a less than full-time role. Despite this change, Ritchey will remain integral to BXP's management, supporting its Washington, DC, Los Angeles, and Seattle operations, and managing client relationships across regions. Chairman & CEO Owen Thomas praised Ritchey’s contributions to real estate in DC and beyond. BXP has a portfolio of 54.1 million square feet across 194 properties, reinforcing its status as the largest publicly traded developer and manager of premium workplaces in the U.S.

Positive
  • Ray Ritchey remains involved as an integral member of the executive management team.
  • Continued support for key regional businesses, enhancing operational stability.
Negative
  • None.

Senior Executive Vice President Ray Ritchey Transitions to Less Than Full Time Role

BOSTON--(BUSINESS WIRE)-- BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, today announced that Senior Executive Vice President Raymond A. Ritchey has elected to transition to a less than full time role. Although Mr. Ritchey will be allocating time to personal, business, and philanthropic pursuits outside of BXP, he will remain an integral member of the executive management team at BXP, and he will continue to support BXP’s Washington, DC, Los Angeles, and Seattle regional businesses, as well as coordinate companywide leasing and cross regional client relationships.

“Ray is one of the most recognized and respected figures in real estate in Washington, DC, and he contributes to BXP across many of our markets. We are delighted that Ray will continue to provide his time and talents to supporting BXP’s success,” said Owen Thomas, Chairman & CEO, BXP.

About BXP

BXP (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). As of December 31, 2022, including properties owned by unconsolidated joint ventures, BXP’s portfolio totaled 54.1 million square feet and 194 properties, including 13 properties under construction/redevelopment. For more information, please visit our website at www.bxp.com or follow us on LinkedIn or Instagram.

At the Company

Laura Sesody

Senior Vice President, Corporate Marketing & Communications

lsesody@bxp.com



Helen Han

Vice President, Investor Relations

hhan@bxp.com

Source: BXP

FAQ

What retirement changes have been announced for BXP's executives?

Ray Ritchey transitions to a less than full-time role while remaining integral to BXP's management.

Who is Ray Ritchey and what is his role at BXP?

Ray Ritchey is the Senior Executive Vice President, transitioning to a part-time role while supporting key regional operations.

What is the significance of Ray Ritchey's transition for BXP?

It may impact management dynamics but Ritchey continues to support critical regions.

What is BXP's current property portfolio size?

BXP's portfolio totals 54.1 million square feet across 194 properties.

In which markets does BXP operate?

BXP operates in Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC.

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REIT - Office
Real Estate Investment Trusts
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United States of America
BOSTON