The 2007 Globe 100 | The Best of Massachusetts Business

Real estate

Residential real estate values may have stagnated in 2006, but it was a very good year for commercial properties -- office towers, shopping centers, and strip malls. Bloomberg's Real Estate Investment Trust index rose 28 percent last year, driven by an economic recovery that has boosted rents and property values in downtowns across the country. The year was punctuated by Blackstone Group engineering the largest leveraged buyout in history for billionaire Sam Zell's Equity Office Properties Trust, a Chicago firm with major holdings in the Boston market.
Ranked by revenue in 2006

	Company	Revenue (millions)	Change (percent)
1	Boston Properties	$1,502.1	4.1
2	Hospitality Properties Trust	$1,039.4	24.6
3	HRPT Properties Trust	$801.7	10.6
4	Senior Housing Properties Trust	$174.1	6.7
5	Franklin Street Properties	$118.2	45.6
6	Winthrop Realty Trust	$54.5	65.9
7	New England Realty Associates	$32.6	1.8