BXP is the sole general partner and also a limited partner of BPLP. Future development projects will be owned 49% by us and 51% by our partner. With this lease, the property is 100% leased. The notes will mature on January 30, 2031, unless earlier redeemed. BXP ranked 56th overall out of 400 companies included. We believe our employees are a significant distinguishing factor that sets BXP apart. Our continued success is attributable to our employees' expertise and dedication. As lessor, BPLP is entitled to a percentage of gross receipts from the hotel property. On the other hand, a bankrupt tenant may reject and terminate its lease with us. This shortfall could adversely affect our cash flow and results of operations. We face risks associated with the development of mixed-use commercial properties. Acquired properties may expose us to unknown liability. Our ability to dispose of some of our properties is constrained by their tax attributes. Certain of our loan and other agreements require us to comply with OFAC Requirements. Investments in these securities and funds are not insured against loss of principal. Many of these matters are covered by insurance. At February 22, 2021, BXP had approximately 1,106 stockholders of record. FFO is a non-GAAP financial measure. A brief overview of each of our markets follows. For descriptions of significant transactions that we completed during 2020, see "Item 1. Real estate is stated at depreciated cost. Costs directly related to the development of properties are capitalized. The approach required significant judgment. The underlying asset could be a physically distinct portion of a single asset." These costs are expensed as incurred. BXP's policy is to distribute at least 100% of its taxable income. See Item 1A: "Risk Factors" for additional details. The Boston Marriott Cambridge closed in March 2020 due to COVID-19. On June 3, 2019, we completed the sale of the property. These costs are not included in the interest expense referenced above. The Delayed Draw Facility had $500.0 million outstanding as of December 31, 2020. Approximately $14.7 million represents our share of the write-offs. We exercise significant influence over, but do not control, these entities. 11)The construction financing has a borrowing capacity of $255.0 million. AND BOSTON PROPERTIES LIMITED PARTNERSHIPNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS1. Boston Properties, Inc.'s policy is to distribute at least 100% of its taxable income. There were no variable rate mortgage loans at December 31, 2020 and 2019. During 2020, the Company received a distribution totaling approximately $0.1 million. The Company has developed an office park on this property. None.182Table of ContentsPART IIIItem 10. 4.14 —Supplemental Indenture No. I have reviewed this Annual Report on Form 10-K of Boston Properties, Inc.; 2. Separate Unrestricted Cash For Deferred Compensation Plan.