<PAGE>
--------------------------------------------------------------------------------
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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                            ------------------------

                                   FORM 10-Q

(MARK ONE)

<TABLE>
<C>        <S>
   /X/     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE
           SECURITIES EXCHANGE ACT OF 1934

           FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2000
</TABLE>

                                       OR

<TABLE>
<C>        <S>
   / /     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE
           SECURITIES EXCHANGE ACT OF 1934
           For the transition period from ------------ to ------------
</TABLE>

                        Commission file number 000-24905

                         BEACON CAPITAL PARTNERS, INC.

             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

<TABLE>
<CAPTION>
                 Maryland                                          04-3403281
                 --------                                          ----------
<S>                                                <C>
     (STATE OR OTHER JURISDICTION OF                   (IRS EMPLOYER IDENTIFICATION NO.)
      INCORPORATION OR ORGANIZATION)

     One Federal Street, 26th Floor,
          Boston, Massachusetts                                      02110
------------------------------------------         ------------------------------------------
 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICE)                           (ZIP CODE)

                                        617-457-0400
---------------------------------------------------------------------------------------------
                    (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
</TABLE>

    Indicate by check mark whether the registrant: (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

                                    Yes X  No __

    Number of Common Shares outstanding at the latest practicable date,
August 10, 2000: 19,202,592 shares, $.01 par value.

--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
<PAGE>
                         BEACON CAPITAL PARTNERS, INC.
                                   FORM 10-Q

                                     INDEX

<TABLE>
<CAPTION>
                                                                                  PAGE
                                                                                --------
<S>               <C>                                                           <C>
Part I --         Financial Information

  Item 1.         Consolidated Financial Statements...........................       1

                    Consolidated Balance Sheets--June 30, 2000 (Unaudited) and
                      December 31, 1999.......................................       1

                    Consolidated Statements of Operations--Three and Six
                      Months Ended June 30, 2000 and 1999 (Unaudited).........       2

                    Consolidated Statements of Cash Flows--Six Months Ended
                      June 30, 2000 and 1999 (Unaudited)......................       3

                    Notes to Consolidated Financial Statements................       4

  Item 2.         Management's Discussion and Analysis of Financial Condition
                  and Results of Operations...................................      10

  Item 3.         Quantitative and Qualitative Disclosures about Market
                  Risk........................................................      20

Part II --        Other Information

  Item 1.         Legal Proceedings...........................................      22

  Item 2.         Changes in Securities and Use of Proceeds...................      22

  Item 3.         Defaults Upon Senior Securities.............................      22

  Item 4.         Submission of Matters to a Vote of Security Holders.........      22

  Item 5.         Other Information...........................................      22

  Item 6.         Exhibits and Reports on Form 8-K............................      22
</TABLE>
<PAGE>
PART I--FINANCIAL INFORMATION
  ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS

                         BEACON CAPITAL PARTNERS, INC.
                          CONSOLIDATED BALANCE SHEETS
              (DOLLARS IN THOUSANDS, EXCEPT FOR PER SHARE AMOUNTS)

<TABLE>
<CAPTION>
                                                               JUNE 30,     DECEMBER 31,
                                                                 2000           1999
                                                              -----------   ------------
                                                              (UNAUDITED)     (NOTE 1)
<S>                                                           <C>           <C>
ASSETS
Real Estate:
  Land......................................................   $  35,257      $  52,182
  Buildings, improvements and equipment.....................     224,440        216,967
                                                               ---------      ---------
                                                                 259,697        269,149
  Less accumulated depreciation.............................       8,666          7,025
                                                               ---------      ---------
                                                                 251,031        262,124

Deferred financing and leasing costs, net of accumulated
  amortization of $759 and $434, respectively...............       2,885          3,085
Cash and cash equivalents...................................      83,482         76,927
Restricted cash.............................................         611          1,203
Accounts receivable, net....................................       4,423          3,393
Deferred rent receivable....................................       1,550            783
Other assets................................................         503          1,905
Investments in partnership, joint ventures and
  corporations..............................................      98,110        163,677
                                                               ---------      ---------
      Total assets..........................................   $ 442,595      $ 513,097
                                                               =========      =========
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
  Mortgage notes payable....................................   $  31,019      $  31,172
  Note payable--interim financing...........................      97,830        122,500
  Accounts payable and accrued expenses.....................      14,689         15,209
                                                               ---------      ---------
      Total liabilities.....................................     143,538        168,881
                                                               ---------      ---------
Commitments and contingencies...............................          --             --

Minority interest in consolidated partnership...............      38,199         43,639
                                                               ---------      ---------
Stockholders' equity:
  Preferred stock; $.01 par value, 200,000,000 shares
    authorized, none issued or outstanding..................          --             --
  Excess stock; $.01 par value, 250,000,000 shares
    authorized, none issued or outstanding..................          --             --
  Common stock; $.01 par value, 500,000,000 shares
    authorized, 20,972,592 and 20,973,932 shares issued and
    outstanding, respectively...............................         210            210
  Additional paid-in capital................................     389,502        389,520
  Cumulative net income.....................................      68,581         12,019
  Cumulative dividends......................................    (197,435)      (101,172)
                                                               ---------      ---------
      Total stockholders' equity............................     260,858        300,577
                                                               ---------      ---------
      Total liabilities and stockholders' equity............   $ 442,595      $ 513,097
                                                               =========      =========
</TABLE>

                            SEE ACCOMPANYING NOTES.

                                       1
<PAGE>
                         BEACON CAPITAL PARTNERS, INC.

                     CONSOLIDATED STATEMENTS OF OPERATIONS

              (DOLLARS IN THOUSANDS, EXCEPT FOR PER SHARE AMOUNTS)

                                  (UNAUDITED)

<TABLE>
<CAPTION>
                                                       THREE MONTHS ENDED     SIX MONTHS ENDED
                                                            JUNE 30,              JUNE 30,
                                                       -------------------   -------------------
                                                         2000       1999       2000       1999
                                                       --------   --------   --------   --------
<S>                                                    <C>        <C>        <C>        <C>
Revenues:
  Rental income......................................  $  8,524   $  4,715   $ 16,940   $  9,877
  Reimbursement of operating expenses and real estate
    taxes............................................       374        788        690      1,591
  Equity in earnings of partnership and joint
    ventures.........................................     1,120      1,147      3,972      2,401
  Interest and dividend income.......................     2,039      2,799      3,334      4,784
  Other income.......................................       325        162      6,995        403
                                                       --------   --------   --------   --------
      Total revenues.................................    12,382      9,611     31,931     19,056
                                                       --------   --------   --------   --------
Expenses:
  Property operating.................................     2,510      1,388      4,764      2,747
  Real estate taxes..................................     1,190      1,236      2,439      2,299
  General and administrative.........................     2,837      2,341      5,764      4,923
  Affiliate formation expenses.......................        --         --      2,054         --
  Interest expense...................................       844         25      2,484        467
  Depreciation and amortization......................     1,936      1,192      3,801      2,316
                                                       --------   --------   --------   --------
      Total expenses.................................     9,317      6,182     21,306     12,752
                                                       --------   --------   --------   --------
Income before gains on sales of real estate, minority
  interest and extraordinary items...................     3,065      3,429     10,625      6,304
Gains on sales of real estate........................    58,537         --     58,537         --
                                                       --------   --------   --------   --------
Income before minority interest and extraordinary
  items..............................................    61,602      3,429     69,162      6,304
Minority interest in consolidated partnership........    (7,149)      (398)    (8,026)      (732)
                                                       --------   --------   --------   --------
Income before extraordinary items....................    54,453      3,031     61,136      5,572
Extraordinary items, net of minority interest........    (4,562)        --     (4,574)        --
                                                       --------   --------   --------   --------
      Net income.....................................  $ 49,891   $  3,031   $ 56,562   $  5,572
                                                       ========   ========   ========   ========
Income before extraordinary items per common
  share-basic and diluted............................  $   2.60   $   0.14   $   2.92   $   0.27
Extraordinary items per common share-basic and
  diluted............................................     (0.22)        --      (0.22)        --
                                                       --------   --------   --------   --------
Net income per common share-basic and diluted........  $   2.38   $   0.14   $   2.70   $   0.27
                                                       ========   ========   ========   ========
Weighted average number of common shares outstanding
  (in thousands).....................................    20,973     20,974     20,973     20,974
                                                       ========   ========   ========   ========
</TABLE>

                            SEE ACCOMPANYING NOTES.

                                       2
<PAGE>
                         BEACON CAPITAL PARTNERS, INC.

                     CONSOLIDATED STATEMENTS OF CASH FLOWS

                             (DOLLARS IN THOUSANDS)

                                  (UNAUDITED)

<TABLE>
<CAPTION>
                                                                SIX MONTHS ENDED
                                                                    JUNE 30,
                                                              ---------------------
                                                                2000        1999
                                                              ---------   ---------
<S>                                                           <C>         <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income................................................  $  56,562   $   5,572
  Adjustments to reconcile net income to net cash provided
    by operating activities:
    Depreciation............................................      2,789       2,191
    Amortization............................................      1,012         125
    Extraordinary items, net of minority interest...........      4,574          --
    Gains on sales of real estate...........................    (58,537)         --
    Distributions from partnership and joint venture........      5,591       2,500
    Equity in earnings of partnership and joint ventures....     (3,972)     (2,401)
    Gain on Cypress investment..............................     (6,414)         --
    Minority interest in consolidated partnership...........      8,026         732
  Increase (decrease) in cash arising from changes in
    operating assets and liabilities:
    Restricted cash.........................................        592         204
    Accounts receivable.....................................     (1,030)        612
    Deferred rent receivable................................       (767)       (164)
    Other assets............................................      1,159      (1,384)
    Accounts payable and accrued expenses...................     (2,520)       (556)
                                                              ---------   ---------
      Net cash provided by operating activities.............      7,065       7,431
                                                              ---------   ---------
CASH FLOWS FROM INVESTING ACTIVITIES:
  Real estate asset acquisitions and improvements...........    (34,443)     (4,979)
  Proceeds from real estate asset sale......................     72,085          --
  Payment of deferred leasing costs.........................       (584)       (756)
  Investments in partnership, joint ventures and
    corporations............................................     (8,023)     (4,716)
  Distributions from partnership and joint venture..........     78,519          --
  Purchase of Wyndham preferred stock, net..................         --    (102,874)
  Funding of mortgage note receivable.......................         --     (45,000)
  Other investment..........................................         --     (33,667)
  Acquisition deposits and deferred costs...................         --      (3,953)
                                                              ---------   ---------
      Net cash provided (used) by investing activities......    107,554    (195,945)
                                                              ---------   ---------
CASH FLOWS FROM FINANCING ACTIVITIES:
  Repayments on mortgage notes..............................       (153)     (2,693)
  Proceeds from note payable--interim financing.............      7,500      70,000
  Repayment on note payable--interim financing..............    (32,170)         --
  Payment of deferred financing costs.......................       (181)     (1,984)
  Repurchase of common stock................................        (18)         --
  Distribution payment to minority interests................     (9,637)     (1,321)
  Dividend payment to stockholders..........................    (73,405)    (10,259)
                                                              ---------   ---------
      Net cash (used) provided by financing activities......   (108,064)     53,743
                                                              ---------   ---------

Net increase (decrease) in cash and cash equivalents........      6,555    (134,771)
Cash and cash equivalents, beginning of period..............     76,927     174,647
                                                              ---------   ---------
Cash and cash equivalents, end of period....................  $  83,482   $  39,876
                                                              =========   =========
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING
  ACTIVITIES:
Distribution of Cypress stock to minority interests.........  $   2,073   $      --
Dividend of Cypress stock to stockholders...................     15,793          --
Distribution of CO Space stock to minority interests........        928          --
Dividend of CO Space stock to stockholders..................      7,065          --
Distribution of Wyndham stock to minority interests.........         --      11,961
Dividend of Wyndham stock to stockholders...................         --      90,913
SUPPLEMENTAL DISCLOSURE:
Cash paid for interest, net of capitalized interest of
  $4,047 and $500, respectively.............................  $   3,249   $     261
</TABLE>

                            SEE ACCOMPANYING NOTES.

                                       3
<PAGE>
                         BEACON CAPITAL PARTNERS, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                 JUNE 30, 2000

              (DOLLARS IN THOUSANDS, EXCEPT FOR PER SHARE AMOUNTS)
                                  (UNAUDITED)

1. BASIS OF PRESENTATION

    The financial statements of Beacon Capital Partners, Inc. ("BCP") have been
prepared in accordance with generally accepted accounting principles for interim
financial information and with the instructions to Form 10-Q and Rule 10-01 of
Regulation S-X. Accordingly, they do not include all of the information and
footnotes required by generally accepted accounting principles for complete
financial statements. In the opinion of management, all adjustments (consisting
of normal recurring accruals) considered necessary for a fair presentation have
been included. Operating results for interim periods are not necessarily
indicative of the results that may be expected for the full year.

    The balance sheet at December 31, 1999 has been derived from the audited
financial statements at that date but does not include all of the information
and footnotes required by generally accepted accounting principles for complete
financial statements.

    For further information, refer to the consolidated financial statements and
footnotes thereto included in BCP's annual report on Form 10-K for the period
ended December 31, 1999.

2. ORGANIZATION

    Beacon Capital Partners, Inc. was incorporated on January 21, 1998 as a
Massachusetts corporation, and was initially capitalized through loans from the
two founders of BCP, Messrs. Leventhal and Fortin. The loans were repaid in
May 1998. BCP qualifies as a real estate investment trust under the Internal
Revenue Code of 1986, as amended. BCP was established to conduct real estate
investment and development activities and currently operates in one segment.

    On March 17, 1998, BCP was reincorporated as a Maryland corporation and on
March 20, 1998, it completed an initial private offering in accordance with
Section 4(2) of the Securities Act of 1933. BCP initially issued 17,360,769
common shares with proceeds, net of expenses, of $323,110. In April 1998,
3,613,163 additional shares were issued through the exercise of the
underwriter's over-allotment, with proceeds, net of expenses, of $66,620.

    In connection with the reincorporation of BCP in Maryland, BCP established
Beacon Capital Partners, L.P. (the "Operating Partnership"). BCP and the
Operating Partnership are collectively referred to as the "Company". The
Operating Partnership is a Delaware limited partnership. BCP is the sole General
Partner of, and, as of June 30, 2000, holds approximately 88% of the economic
interest in the Operating Partnership. BCP holds an approximate 1% general
partnership interest in the Operating Partnership and the balance is held as a
limited partnership interest. The limited partnership interests not held by BCP
are presented as minority interest in the accompanying consolidated financial
statements. The term of the Operating Partnership commenced on March 16, 1998
and shall continue until January 1, 2056 or until such time as a Liquidating
Event, as defined, has occurred.

3. REAL ESTATE

    On April 19, 2000, the Company sold The Draper Building for $72,500. The
Company recognized a gain on the sale of approximately $27,322.

                                       4
<PAGE>
                         BEACON CAPITAL PARTNERS, INC.

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

                                 JUNE 30, 2000

              (DOLLARS IN THOUSANDS, EXCEPT FOR PER SHARE AMOUNTS)
                                  (UNAUDITED)

4. INVESTMENTS IN PARTNERSHIP, JOINT VENTURES AND CORPORATIONS

    The investments in partnership, joint ventures and corporations represent
the Company's interest in (i) a joint venture with PW Acquisitions IX, LLC,
known as Beacon/PW Kendall LLC ("The Athenaeum Portfolio"), (ii) a joint venture
with Mathilda Partners LLC ("Mathilda Research Centre"), (iii) a joint venture
with HA L.L.C. ("Millennium Tower"), (iv) an investment in Series B Convertible
Preferred Stock ("Series B Preferred") of Wyndham International, Inc.
("Wyndham") and (v) an investment in Beacon Capital Strategic Partners, L.P.
("BCSP").

    A reconciliation of the underlying net assets to the Company's carrying
value of investments in partnership, joint ventures and corporations is as
follows:

<TABLE>
<CAPTION>
                                     THE      MATHILDA
                                  ATHENAEUM   RESEARCH   MILLENNIUM
                                  PORTFOLIO    CENTRE      TOWER      WYNDHAM      BCSP       TOTAL
                                  ---------   --------   ----------   --------   --------   ---------
<S>                               <C>         <C>        <C>          <C>        <C>        <C>
Operating Partnership equity
  interest (including
  accumulated earnings, net of
  distributions)................  $ 15,999    $17,031     $19,000     $    --    $ (7,441)  $  44,589
Investments in preferred
  stock.........................        --         --          --      48,536          --      48,536
Other costs.....................        39      2,064       1,966         845          71       4,985
                                  --------    -------     -------     -------    --------   ---------
Carrying value of investments in
  partnership, joint ventures
  and corporations at June 30,
  2000..........................  $ 16,038    $19,095     $20,966     $49,381    $ (7,370)  $  98,110
                                  ========    =======     =======     =======    ========   =========
Equity in earnings of
  partnership and joint ventures
Six months ended
  June 30, 2000.................  $  1,753    $   (91)    $    --     $    --    $  2,310   $   3,972
  June 30, 1999.................     2,401         --          --          --          --       2,401
Operating Partnership share of
  gains on sales of real estate
Six months ended
  June 30, 2000.................  $ 12,618    $    --     $    --     $    --    $ 18,597   $  31,215
  June 30, 1999.................        --         --          --          --          --          --
Operating Partnership share of
  extraordinary items
Six months ended
  June 30, 2000.................  $ (5,149)   $    --     $    --     $    --    $    (25)  $  (5,174)
  June 30, 1999.................        --         --          --          --          --          --
</TABLE>

THE ATHENAEUM PORTFOLIO

    Beacon/PW Kendall LLC was formed on April 16, 1998 and is jointly owned by
the Company and PW Acquisitions IX, LLC, an affiliate of PaineWebber. Initially
each member made a $5,000 contribution and the Company provided a loan to the
joint venture of approximately $117,000. The joint venture acquired

                                       5
<PAGE>
                         BEACON CAPITAL PARTNERS, INC.

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

                                 JUNE 30, 2000

              (DOLLARS IN THOUSANDS, EXCEPT FOR PER SHARE AMOUNTS)
                                  (UNAUDITED)

4. INVESTMENTS IN PARTNERSHIP, JOINT VENTURES AND CORPORATIONS (CONTINUED)
The Athenaeum Portfolio, an eleven building 970,000 square foot mixed-use
portfolio located in Cambridge, Massachusetts. In August 1998, the Company and
PW Acquisitions IX, LLC each made equity contributions of approximately $58,500,
which were used to repay the Company's loan receivable.

    On April 14, 2000, The Athenaeum Portfolio was refinanced and the joint
venture distributed refinancing proceeds in the amount of $90,700. The previous
mortgage was treated as extinguished and an extraordinary loss of approximately
$10,298 was incurred for the write-off of related transaction costs and the
unamortized deferred financing costs. The Company's share of the distribution
and extraordinary loss were approximately $45,350 and $5,149, respectively. On
June 7, 2000, the joint venture sold some of the assets in The Athenaeum
Portfolio (215 First Street, 195 First Street and Doc Linskey Way) for $68,000
and recorded a gain on the sale of approximately $25,236. Simultaneously with
the sale, the debt was paid down by $50,940 and the joint venture distributed
$16,000 to the members. The Company's share of the gain on the sale and
distribution were approximately $12,618 and $8,000, respectively.

MATHILDA RESEARCH CENTRE

    On August 9, 1998, the Company entered into a joint venture agreement with
Mathilda Partners LLC, an affiliate of Menlo Equities, a California based
developer, to develop two four-story Class A office/R&D buildings with surface
parking in Sunnyvale, California, known as Mathilda Research Centre. The Company
and Mathilda Partners LLC have agreed to fund 87.5% and 12.5% of the equity
required, respectively. On November 4, 1998, the venture acquired a twelve-acre
site on Mathilda Avenue in Sunnyvale, CA, on which it is developing Mathilda
Research Centre. The estimated cost of the 267,000 square foot development is
approximately $64,000. The joint venture has obtained a $44,000 construction
loan from an institutional lender to finance the development, and the balance of
the development costs will be funded by equity contributions from the venturers.
As of June 30, 2000, the venturers have funded equity contributions of $20,000,
of which the Company's portion was $17,500.

MILLENNIUM TOWER

    On September 1, 1998 the Company entered into a joint venture agreement with
HA L.L.C., an affiliate of Martin Smith Real Estate Services, a Seattle based
real estate company, to develop a 19-story office/retail and residential tower
in downtown Seattle, Washington, known as Millennium Tower. The Company and HA
L.L.C. have agreed to fund 66 2/3% and 33 1/3% of the equity required,
respectively. Land was contributed to the joint venture by HA L.L.C. at an
agreed value of $10,500, and the Company has agreed to fund the first $19,000 of
cash requirements for the venture. As of June 30, 2000, the Company has funded
its total commitment of $19,000. The joint venture has obtained a $45,000
construction loan from two institutional lenders to finance the balance of the
development costs. The estimated cost of the project is $72,000, including the
value of the land.

    The Company's residential portion of this investment is held by BCP
Millennium Residential, Inc., a Massachusetts corporation ("BCP Millennium
Residential"). The voting common stock of BCP Millennium Residential is
controlled by Messrs. Leventhal and Fortin. The Operating Partnership owns
approximately 99% of the economic interests in BCP Millennium Residential. For
financial statement presentation purposes, the Company consolidates
BCP Millennium Residential.

                                       6
<PAGE>
                         BEACON CAPITAL PARTNERS, INC.

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

                                 JUNE 30, 2000

              (DOLLARS IN THOUSANDS, EXCEPT FOR PER SHARE AMOUNTS)
                                  (UNAUDITED)

4. INVESTMENTS IN PARTNERSHIP, JOINT VENTURES AND CORPORATIONS (CONTINUED)
WYNDHAM

    On June 30, 1999, the Company purchased 1,050,000 shares of Series B
Preferred of Wyndham at a net price of approximately $102,874. Simultaneously
with this transaction, the Company transferred all of these shares of Series B
Preferred to a voting trust (the "Wyndham Voting Trust") (the trustee of which
is a subsidiary of the Operating Partnership) and declared and paid a dividend
of approximately $4.34 per share of common stock of BCP and a distribution of
approximately $4.34 per operating partnership unit of the Operating Partnership.
The aggregate value of the dividend and distribution was approximately $103,064
and primarily consisted of the Company's interest in shares of the Series B
Preferred, subject to the Wyndham Voting Trust. Stockholders not able to receive
such interests received cash of equivalent value. Subsequent to June 30, 1999,
the Company purchased approximately 57,640 Wyndham Voting Trust interests at an
aggregate price of approximately $5,303.

    On July 1, 1999, the Company purchased 450,000 shares of Series B Preferred
at a net price of approximately $44,055. On October 29, 1999, the Company
transferred 244,340 of these shares of Series B Preferred to Beacon Lodging,
Inc., a Massachusetts corporation ("Beacon Lodging"). The voting common stock of
Beacon Lodging is controlled by Messrs. Leventhal and Fortin. The Operating
Partnership owns 99% of the economic interests in Beacon Lodging. For financial
statement presentation purposes, the Company consolidates Beacon Lodging. On
December 9, 1999, Wyndham completed a rights offering to its current common
shareholders and redeemed approximately 8,399 shares of Series B Preferred held
by the Company at a price of approximately $857.

    Wyndham's annual dividend on the Series B Preferred is 9.75%, paid
quarterly, partially in cash and partially in paid-in-kind shares.

BCSP

    On October 1, 1999, the Company completed the initial closing for BCSP, a
real estate limited partnership, of which BCP Strategic Partners LLC, the
Company's wholly-owned subsidiary, is the General Partner. Subsequent to
October 1, 1999, the Company completed additional closings and as of March 28,
2000 (the BCSP final closing date), equity commitments totaled $287,500, of
which the Company's equity commitment was $57,500. The commitments include
investments from various endowments, foundations, pension funds and other
institutional investors. For a period of up to two years from October 1, 1999,
BCSP will be the Company's exclusive real estate investment vehicle. As of
June 30, 2000, none of the Company's committed investment was funded. In
connection with the formation of BCSP, for the six months ended June 30, 2000
and the year ended December 31, 1999, the Company incurred affiliate formation
expenses of approximately $2,054 and $3,977, respectively. The expenses consist
of underwriter commissions and fees for legal and professional services not
reimbursed by the partners of BCSP.

    On March 17, 2000, BCSP obtained a $137,500 secured revolving credit
facility. On June 14, 2000, BCSP sold 233 Fremont Street, a property located in
San Francisco, California that is currently undergoing redevelopment. The
property was sold for approximately $145,894, including approximately $15,894
held in escrow pending completion of the property's redevelopment. BCSP will
continue to oversee the redevelopment and the buyer will fund the remaining
redevelopment costs. The redevelopment is

                                       7
<PAGE>
                         BEACON CAPITAL PARTNERS, INC.

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

                                 JUNE 30, 2000

              (DOLLARS IN THOUSANDS, EXCEPT FOR PER SHARE AMOUNTS)
                                  (UNAUDITED)

4. INVESTMENTS IN PARTNERSHIP, JOINT VENTURES AND CORPORATIONS (CONTINUED)
scheduled to be completed in the first quarter of 2001. As of June 30, 2000,
BCSP recognized a gain on the sale of approximately $51,742. Pursuant to the
applicable accounting rules, an additional gain estimated at approximately
$27,861 has been deferred and will be recognized in future periods. On June 28,
2000, BCSP distributed $70,000 of the sale proceeds. The Company's share of the
recognized gain on the sale and distribution were approximately $18,597 and
$25,169, respectively.

5. OTHER INVESTMENTS

CYPRESS COMMUNICATIONS, INC.

    On September 8, 1998 and October 8, 1999, the Company invested an aggregate
of $11,000 to acquire preferred stock in Cypress Communications, Inc.
("Cypress"), representing a 9.5% fully diluted ownership position. Cypress
provides bundled communications services to tenants in multi-tenant commercial
buildings. Prior to January 5, 2000, the investment was held by both the
Operating Partnership and Tenant Communications, Inc., a Massachusetts
corporation ("Tenant Communications"). On January 5, 2000, the Company
distributed all of its preferred stock of Cypress (held by the Operating
Partnership and Tenant Communications), valued at approximately $0.75 per share
of common stock of BCP and operating partnership unit of the Operating
Partnership to a voting trust (the "Cypress Voting Trust") (the trustee of which
is a subsidiary of BCP), and then distributed its interest in the Cypress Voting
Trust to its stockholders and unitholders. The distribution was recorded by the
Company at the estimated fair value of the Cypress preferred stock as of the
date of distribution, which resulted in a gain in the amount of approximately
$6,414. This gain is included in other income in the accompanying Consolidated
Statements of Operations. On February 10, 2000, Cypress successfully completed
its initial public offering. At the IPO, each share of preferred stock split
into 4.5 shares of common stock. The Cypress common stock held in the Cypress
Voting Trust is subject to certain terms and conditions, including limitations
on transferability.

CO SPACE, INC.

    On November 12, 1999, the Company invested $8,000 to acquire preferred stock
in CO Space, Inc. ("CO Space") representing an approximate 18% fully diluted
ownership position. CO Space provides co-location space for data storage,
telecommunication carriers, and web-hosting applications. Prior to January 28,
2000, the investment was held by the Operating Partnership. On January 28, 2000,
the Operating Partnership transferred 10% of its shares of CO Space
(representing 100% of its voting interest) to Shared Communications
Spaces, Inc., a Massachusetts corporation ("Shared Communications"). On
March 24, 2000, the Company distributed all of its preferred stock of CO Space
(held by the Operating Partnership and Shared Communications), valued at
approximately $0.34 per share of common stock of BCP and operating partnership
unit of the Operating Partnership to a voting trust (the "CO Space Voting
Trust") (the trustee of which is a subsidiary of BCP), and then distributed its
interest in the CO Space Voting Trust to its stockholders and unitholders. On
June 20, 2000, CO Space was acquired by InterNAP Network Services Corporation
("InterNAP"). InterNAP was founded in 1996 and provides internet connectivity
that is faster and more reliable than conventional internet services. In
conjunction with the acquisition of CO Space by InterNAP, each share of
preferred stock held in the CO Space Voting Trust was converted to one share of
CO Space common stock. The shares of CO Space common stock were

                                       8
<PAGE>
                         BEACON CAPITAL PARTNERS, INC.

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

                                 JUNE 30, 2000

              (DOLLARS IN THOUSANDS, EXCEPT FOR PER SHARE AMOUNTS)
                                  (UNAUDITED)

5. OTHER INVESTMENTS (CONTINUED)
exchanged for shares of InterNAP common stock based upon a formula set forth in
the definitive agreement. Each share of CO Space common stock which was
equivalent to a unit in the CO Space Voting Trust was exchanged for .24488
shares of InterNAP common stock. The InterNAP common stock held in the CO Space
Voting Trust is subject to certain terms and conditions, including limitations
on transferability.

6. MORTGAGE NOTES PAYABLE

    The mortgage notes payable, collateralized by certain properties and
assignments of leases, total $31,019 at June 30, 2000. Mortgage notes payable
with fixed interest rates ranging from 7.75% to 9.25% and maturities ranging
from May 2002 to October 2022 total $18,519. A variable rate mortgage note
payable with a current interest rate of 8.54% at June 30, 2000 matures in April
2002 and totals $12,500. The net book value of the mortgaged assets is
approximately $62,531 at June 30, 2000.

    Future minimum principal payments due during the next five years and
thereafter are as follows:

<TABLE>
<S>                                                  <C>
2000...............................................  $   190
2001...............................................      404
2002...............................................   14,315
2003...............................................      414
2004...............................................    3,525
Thereafter.........................................   12,171
                                                     -------
Total                                                $31,019
                                                     =======
</TABLE>

7. NOTE PAYABLE--INTERIM FINANCING

    On June 28, 1999, the Company obtained $100,000 of secured interim financing
(the "Interim Financing") from Bankers Trust Company. On December 3, 1999, the
Company executed an amendment to the Interim Financing that increased the loan
amount to $130,000. On April 19, 2000, The Draper Building was sold. The Draper
Building was part of the collateral for the Interim Financing and as a condition
of the property's release, on April 19, 2000, the Interim Financing was paid
down by approximately $32,170. The Interim Financing matured in June 2000 and
pursuant to the terms of the note, the Company exercised its option to extend
the maturity date to June 2001. Outstanding balances under the Interim Financing
bear interest at a rate spread over the base rate or Eurodollar rate, as
applicable. The spread is based upon certain loan to value ratios. At June 30,
2000, the outstanding balance of the Interim Financing was approximately $97,830
and the interest rate was 9.04%. The Interim Financing requires monthly payments
of interest only and is secured by mortgages and assignments of rents on certain
properties. The net book value of the collateralized assets is approximately
$130,956 at June 30, 2000. The Interim Financing agreement requires the
Company's ongoing compliance with a number of financial and other covenants.

                                       9
<PAGE>
                         BEACON CAPITAL PARTNERS, INC.

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

                                 JUNE 30, 2000

              (DOLLARS IN THOUSANDS, EXCEPT FOR PER SHARE AMOUNTS)
                                  (UNAUDITED)

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
  OF OPERATIONS.

OVERVIEW

    This Form 10-Q contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. The words "believe", "expect", "anticipate", "intend",
"estimate" and other expressions which are predictions of or indicate future
events and trends and which do not relate to historical matters identify
forward-looking statements. Our actual results could differ materially from
those set forth in the forward-looking statements. Certain factors that might
cause such a difference include the following: real estate investment
considerations, such as the effect of economic and other conditions in the
market area on cash flows and values; the need to renew leases or relet space
upon the expiration of current leases, and the ability of a property to generate
revenue sufficient to meet debt service payments and other operating expenses;
risks associated with borrowing, such as the possibility that we will not have
sufficient funds available to make principal payments on outstanding debt and
outstanding debt may be refinanced at higher interest rates or otherwise on
terms less favorable to us; the impact of pending or future litigation;
variations in quarterly operating results; securities held for investment are
subject to fluctuations in valuation based upon the performance of the
underlying business; risks that some of our investments could cause us to fail
to qualify as a REIT; and those risks and uncertainties contained elsewhere in
this report and under the heading "Risk Factors" beginning on page 8 of our
Form 10-K as filed with the Securities and Exchange Commission on March 30,
2000.

    The following discussion and analysis of the financial condition and results
of operations should be read in conjunction with the accompanying consolidated
financial statements and notes thereto. Our consolidated financial statements
include Beacon Capital Partners, Inc. ("BCP") and Beacon Capital Partners, L.P.
(the "Operating Partnership"), our majority-owned partnership.

RESULTS OF OPERATIONS

SUMMARY

    Changes in revenues and expenses from the three and six months ended
June 30, 1999 to June 30, 2000 are primarily due to the timing of investment,
financing and sale transactions and redevelopment and releasing programs during
1999 and 2000. The funding of the Batterymarch mortgage note receivable was made
in May 1999; the secured interim financing (the "Interim Financing") from
Bankers Trust Company closed in June 1999, was increased in December 1999 and
was partially paid down in April 2000; the investments in preferred stock of
Wyndham International, Inc. ("Wyndham") were made primarily in June and
July 1999; Technology Square Building 200 was released in July 1999; Technology
Square Buildings 400 and 500 were taken out of service in 1999 and underwent
substantial redevelopment and releasing in 1999 and early 2000; Fort Point Place
was acquired in July 1999; the Fort Point Place warehouse ongoing renovations
commenced in the fall 1999; Beacon Capital Strategic Partners, L.P. ("BCSP") was
established in October 1999; the Fort Point Place mortgage debt was obtained in
October 1999; the Technology Square Building 300 development commenced in
January 2000; The Athenaeum Portfolio was refinanced in April 2000; The Draper
Building was sold in April 2000; the sale of assets in The Athenaeum Portfolio
(215 First Street, 195 First Street and Doc Linskey Way) was in June 2000; BCSP
sold 233 Fremont Street in June

                                       10
<PAGE>
2000; and investments in Mathilda Research Centre, Millennium Tower, Cypress
Communications, Inc. ("Cypress") and CO Space, Inc. ("CO Space") occurred over
time from 1998 through 2000.

COMPARISON OF THE THREE MONTHS ENDED JUNE 30, 2000 AND 1999.

    Our total revenues increased $2.8 million to $12.4 million for the three
months ended June 30, 2000 as compared to $9.6 million for the three months
ended June 30, 1999. Rental income increased $3.8 million primarily due to
Technology Square releasing and the acquisition of Fort Point Place.
Reimbursement of operating expenses and real estate taxes decreased $.4 million
primarily due to Technology Square releasing which established tenant expense
bases at current levels. Interest and dividend income decreased $.7 million due
to the Batterymarch mortgage note receivable interest in 1999 and the timing of
loan advances and investments offset by Wyndham dividend income received in
2000. Other income increased $.1 million primarily due to additional management
fees earned from The Athenaeum Portfolio.

    Our total expenses increased $3.1 million to $9.3 million for the three
months ended June 30, 2000 as compared to $6.2 million for the three months
ended June 30, 1999. Property operating expenses increased $1.1 million
primarily due to increased occupancy at Technology Square and the acquisition of
Fort Point Place. General and administrative expenses increased $.4 million.
Interest expense increased $.9 million due to the June 1999 and October 1999
closings of the Interim Financing and Fort Point Place mortgage, respectively,
offset by capitalized interest expense in 2000. Depreciation and amortization
expense increased $.7 million primarily due to Technology Square and Dallas
Office and Industrial Portfolio depreciation and the Interim Financing and Fort
Point Place mortgage amortization of financing fees.

    Our gains on sales of real estate for the three months ended June 30, 2000
of $58.5 million resulted from the gain on the sale of The Draper Building of
$27.3 million, our share of the gain from the sale of assets of The Athenaeum
Portfolio (215 First Street, 195 First Street and Doc Linskey Way) of
$12.6 million and our share of the gain from the sale of 233 Fremont Street of
$18.6 million. The minority interest in consolidated partnership of
$7.1 million represents the portion of the Operating Partnership that is not
owned by us. The extraordinary loss for the three months ended June 30, 2000 of
$4.6 million was primarily due to The Atheneaum Portfolio refinancing which
extinguished the previous mortgage debt and required the write-off of related
transaction costs and unamortized deferred financing costs.

COMPARISON OF THE SIX MONTHS ENDED JUNE 30, 2000 AND 1999

    Our total revenues increased $12.8 million to $31.9 million for the six
months ended June 30, 2000 as compared to $19.1 million for the six months ended
June 30, 1999. Rental income increased $7.0 million primarily due to Technology
Square releasing and Fort Point Place, which was acquired in July 1999.
Reimbursement of operating expenses and real estate taxes decreased $.9 million
primarily due to Technology Square releasing which established tenant expense
bases at current levels. Equity earnings in partnership and joint ventures
increased $1.6 million primarily due to income from BCSP offset by earnings
reduction from The Athenaeum Portfolio due to the property refinancing and the
sale of some assets in 2000. Interest and dividend income decreased
$1.5 million due to the Batterymarch mortgage note receivable interest in 1999
and the timing of loan advances and investments offset by the Wyndham dividends
received in 2000. Other income increased $6.6 million primarily due to the gain
recognized on the distribution of the Cypress investment. See "--Investing
Activities".

    Our total expenses increased $8.6 million to $21.3 million for the six
months ended June 30, 2000 as compared to $12.7 million for the six months ended
June 30, 1999. Property operating expenses increased $2.0 million primarily due
to increased occupancy at Technology Square and the acquisition of Fort Point
Place. Real estate taxes increased $.1 million primarily due to the acquisition
of Fort Point Place. General and administrative expenses increased $.9 million.
The $2.1 million of affiliate formation expenses are costs incurred in the
formation of BCSP and consist of underwriter commissions and fees for legal and
professional services not reimbursed by the partners of BCSP. See "--Investing
Activities". Interest

                                       11
<PAGE>
expense increased $2.0 million due to the June 1999 and December 1999 closings
of the Interim Financing and the October 1999 Fort Point Place mortgage closing,
offset by capitalized interest in 2000. Depreciation and amortization expense
increased $1.5 million primarily due to Technology Square and Dallas Office and
Industrial Portfolio depreciation and the Interim Financing and Fort Point Place
mortgage amortization of financing fees.

    For review of our gains on sales of real estate, minority interest in
consolidated partnership and extraordinary loss for the six months ended
June 30, 2000 of $58.5 million, $8.0 million and $4.6 million, respectively,
please see the discussion under the "COMPARISON OF THE THREE MONTHS ENDED
JUNE 30, 2000 AND 1999."

LIQUIDITY AND CAPITAL RESOURCES

    Cash and cash equivalents were $83.5 million at June 30, 2000 as compared to
$76.9 million at December 31, 1999. The increase of $6.6 million was primarily
the result of (i) proceeds from the sale of The Draper Building,
(ii) distributions received from The Athenaeum Portfolio, (iii) distributions
received from BCSP, (iv) proceeds received from the Interim Financing, and
(v) cash flow from operations, all offset by (i) the payments of the March and
June dividends to stockholders and distributions to unitholders, (ii) the
repayment on the Interim Financing, (iii) the payment of Technology Square
development and redevelopment costs, (iv) the payment of Fort Point development
costs, and (v) investments in Millennium Tower.

    Subsequent to June 30, 2000, in accordance with our share repurchase
program, we repurchased approximately 1.8 million shares of common stock of BCP
and certain voting trust interests for approximately $25.4 million. See
"--Financing Activities".

SHORT AND LONG-TERM LIQUIDITY

    We have considered our short-term (up to 12 months) liquidity needs and the
adequacy of expected liquidity sources to meet these needs. We believe that our
principal short-term operating liquidity needs are to fund normal recurring
expenses, debt service requirements and the minimum distribution required to
maintain the Company's REIT qualification under the Internal Revenue Code of
1986, as amended. We believe that these needs will be provided by cash flow from
operating activities and current cash balances. We believe that our 2000
distribution requirement to maintain our REIT qualification has been met from
our January 5, 2000 dividend of preferred shares of Cypress subject to a voting
trust (approximately $0.75 per share of common stock of BCP), our March 9, 2000
cash dividend ($0.50 per share of common stock of BCP), our March 24, 2000
dividend of preferred shares of CO Space subject to a voting trust
(approximately $0.34 per share of common stock of BCP), and our June 28, 2000
cash dividend ($3.00 per share of common stock of BCP). See "--Investing
Activities". We believe our other short-term liquidity needs are the funding of
current real estate investments, developments, redevelopments, BCSP capital
commitments, securities held for investment, the share repurchase program and
the repayment of the Interim Financing. We expect to fund these needs from
current cash balances, mortgages and other debt instruments, and through sales
of certain assets.

    We expect to meet long-term (greater than 12 months) liquidity requirements
for the costs of additional development, real estate and real estate related
investments, scheduled debt maturities, major renovations, expansions and other
non-recurring capital improvements through secured and unsecured indebtedness,
joint ventures, sales of certain assets, and from current cash balances.

INVESTING ACTIVITIES

    On June 24, 1998, we acquired a four-building complex known as Technology
Square and an adjacent building known as The Draper Building. The properties are
located in Cambridge, Massachusetts and

                                       12
<PAGE>
consisted of approximately 1,026,000 square feet. In 1999, we began renovation
and releasing of two of the buildings and razed one building. We commenced a new
development plan to construct approximately 600,000 square feet of additional
office and laboratory space. Construction of Building 300 (176,000 square feet)
has begun and we currently expect it to be completed in the second quarter of
2001. On April 19, 2000, we sold The Draper Building for $72.5 million. We
recognized a gain on the sale of approximately $27.3 million.

    On August 9, 1998, we entered into a joint venture agreement with Mathilda
Partners LLC, an affiliate of Menlo Equities (a California based developer). The
joint venture is developing Mathilda Research Centre, two four-story Class A
office/R&D buildings with surface parking in Sunnyvale, California. On June 18,
1999, the joint venture executed a lease with Juniper Networks, Inc. ("Juniper
Networks") for one of the two buildings comprising approximately 144,000 of the
development's approximately 267,000 square feet and on February 28, 2000,
Juniper Networks executed its option to lease the second building. The first
building was completed in June 2000 and Juniper Networks is occupying the space.
We expect to complete the second building in the first quarter of 2001.

    On September 1, 1998 we entered into a joint venture agreement with HA
L.L.C., an affiliate of Martin Smith Real Estate Services (a Seattle based real
estate company). The joint venture is developing Millennium Tower, a 19-story,
approximately 261,000 square foot, office/retail and residential tower, in
downtown Seattle, Washington. HA L.L.C. contributed the land at an agreed value
of $10.5 million and we agreed to fund $19 million of the development. As of
June 30, 2000, we had funded our entire commitment of $19 million. The joint
venture has obtained a $45 million construction loan from two institutional
lenders to finance the balance of the development costs. The estimated cost of
the development is approximately $72 million, including the value of the land.
We expect to complete the project in the fourth quarter of 2000. Our residential
portion of this investment is held by BCP Millennium Residential, Inc., a
Massachusetts corporation ("BCP Millennium Residential"). The voting common
stock of BCP Millennium Residential is controlled by Messrs. Leventhal and
Fortin. The Operating Partnership owns approximately 99% of the economic
interest in BCP Millennium Residential.

    On September 30, 1998 and October 8, 1999, we invested an aggregate of
$11 million to acquire preferred stock in Cypress, representing a 9.5% fully
diluted ownership position. Cypress provides bundled communications services to
tenants in multi-tenant commercial buildings. Prior to January 5, 2000, the
preferred stock investment was held by both the Operating Partnership and Tenant
Communications, Inc., a Massachusetts corporation ("Tenant Communications"). On
January 5, 2000, we distributed all of the preferred stock of Cypress (held by
the Operating Partnership and Tenant Communications), valued at approximately
$0.75 per share of common stock of BCP and operating partnership unit of the
Operating Partnership to a voting trust (the "Cypress Voting Trust") (the
trustee of which is a subsidiary of BCP), and then distributed our interest in
the Cypress Voting Trust to our stockholders and unitholders. The distribution
resulted in a gain of approximately $6.4 million. On February 10, 2000, Cypress
successfully completed its initial public offering. Cypress trades on the NASDAQ
National Market under the symbol CYCO. At the IPO, each share of preferred stock
split into 4.5 shares of common stock. The Cypress common stock held in the
Cypress Voting Trust is subject to certain terms and conditions, including
limitations on transferability.

    On July 13, 1999, we purchased Fort Point Place, a four-building, 335,000
square foot office and warehouse property located in the Boston, Massachusetts
South Boston Waterfront District. Two buildings consist of approximately 145,000
square feet of office space. The other two buildings consist of approximately
190,000 square feet of warehouse space which were delivered to us vacant. The
warehouse buildings were originally held by the Operating Partnership. On
June 2, 2000, the Operating Partnership transferred the warehouse buildings to
Fort Point Place, Inc., a Massachusetts corporation. The voting common stock of
Fort Point Place, Inc. is controlled by Messrs. Leventhal and Fortin. The
Operating Partnership owns approximately 99% of the economic interests in Fort
Point Place, Inc. We are currently renovating the

                                       13
<PAGE>
warehouse space for use as residential condominiums. We expect to complete the
renovations in the late summer 2000 and are currently marketing the units for
sale.

    On October 1, 1999, we completed the initial closing for BCSP, a real estate
limited partnership, of which BCP Strategic Partners LLC, our wholly-owned
subsidiary, is the General Partner. Subsequent to October 1, 1999, we completed
additional closings and as of March 28, 2000 (the BCSP final closing date),
equity commitments totaled $287.5 million, of which our equity commitment was
$57.5 million. The commitments include investments from various endowments,
foundations, pension funds and other institutional investors. The fund will
invest in U.S. domestic real estate with a primary focus on office properties.
The strategy will include redevelopment, development and other real estate
opportunities where we can maximize value through our operating skills and
expertise. For a period of up to two years from October 1, 1999, BCSP will be
our exclusive real estate investment vehicle. As of June 30, 2000, none of our
committed investment was funded. In connection with the formation of BCSP, for
the six months ended June 30, 2000 and for the year ended December 31, 1999, we
incurred affiliate formation expenses of approximately $2.1 million and
$4.0 million, respectively. The expenses consist of underwriter commissions and
fees for legal and professional services not reimbursed by the partners of BCSP.

    On June 14, 2000, BCSP sold 233 Fremont Street, a property located in San
Francisco, California, that is currently undergoing redevelopment. The property
was sold for approximately $145.9 million, including approximately
$15.9 million held in escrow pending completion of the property's redevelopment.
BCSP will continue to oversee the redevelopment and the buyer will fund the
remaining redevelopment costs. The redevelopment is scheduled to be completed in
the first quarter of 2001. As of June 30, 2000, BCSP recognized a gain on the
sale of approximately $51.7 million. Pursuant to the applicable accounting
rules, an additional gain estimated at approximately $27.9 million has been
deferred and will be recognized in future periods. On June 28, 2000, BCSP
distributed $70.0 million of the sale proceeds. Our share of the recognized gain
on the sale and distribution were approximately $18.6 million and
$25.2 million, respectively.

    On November 12, 1999, we invested $8 million to acquire preferred stock in
CO Space, representing an approximate 18% ownership position on a fully diluted
basis. CO Space provides co-location space for data storage, telecommunication
carriers, and web-hosting applications. Prior to January 28, 2000, the
investment was held by the Operating Partnership. On January 28, 2000, the
Operating Partnership transferred 10% of its shares of CO Space (representing
100% of its voting interest) to Shared Communications Spaces, Inc., a
Massachusetts corporation ("Shared Communications"). On March 24, 2000, we
distributed all of the preferred stock of CO Space (held by the Operating
Partnership and Shared Communications), valued at approximately $0.34 per share
of common stock of BCP and operating partnership unit of the Operating
Partnership to a voting trust (the "CO Space Voting Trust") (the trustee of
which is a subsidiary of BCP), and then distributed our interest in the
CO Space Voting Trust to our stockholders and unitholders. Each share of common
stock of BCP and operating partnership unit of the Operating Partnership held on
March 22, 2000 (the record date for the distribution) received approximately
 .224568409 interests in the CO Space Voting Trust. On June 20, 2000, CO Space
was acquired by InterNAP Network Services Corporation ("InterNAP"). InterNAP
trades on the NASDAQ National Market under the symbol INAP. InterNAP was founded
in 1996 and provides internet connectivity that is faster and more reliable than
conventional internet services. In conjunction with the acquisition of CO Space
by InterNAP, each share of preferred stock held in the CO Space Voting Trust was
converted to one share of CO Space common stock. The shares of CO Space common
stock were exchanged for shares of InterNAP common stock based upon a formula
set forth in the definitive agreement. Each share of CO Space common stock which
was equivalent to a unit in the CO Space Voting Trust was exchanged for .24488
shares of InterNAP common stock. The InterNAP common stock held in the CO Space
Voting Trust is subject to certain terms and conditions, including limitations
on transferability.

                                       14
<PAGE>
    On June 7, 2000, we sold some of the assets in The Athenaeum Portfolio
(215 First Street, 195 First Street and Doc Linskey Way) for $68 million and
recorded a gain on the sale of approximately $25.2 million. We own The Athenaeum
Portfolio with our joint venture partner, PW Acquisitions IX, LLC (an affiliate
of PaineWebber). Simultaneously with the sale, after paydown of debt, the joint
venture distributed $16 million to the members. Our share of the gain on the
sale and distribution were approximately $12.6 million and $8 million,
respectively.

FINANCING ACTIVITIES

    On April 19, 2000, in conjunction with the sale of The Draper Building, the
Interim Financing was paid down by approximately $32.2 million. See "--Investing
Activities". The Interim Financing matured on June 28, 2000 and pursuant to the
terms of the note, we exercised our option to extend the maturity date to
June 28, 2001.

    On April 14, 2000, the mortgage on The Athenaeum Portfolio was refinanced
with an institutional lender. We own The Athenaeum Portfolio with our joint
venture partner, PW Acquisitions IX, LLC (an affiliate of PaineWebber). The
$175 million refinancing was subsequently paid down by $50.9 million on June 7,
2000 in conjunction with the sale of some of the assets in The Athenaeum
Portfolio. The resulting $124.1 million financing is comprised of a first
mortgage loan and a mezzanine loan, bears interest at an annual rate of 30-day
LIBOR plus 243 basis points and requires monthly payments of principal and
interest based on a 30-year amortization schedule. Each of the loans has a
two-year term and may be extended for two twelve month periods if certain
conditions are met. The joint venture originally entered into an interest rate
protection agreement for a notional amount of $175 million which was
subsequently reduced to approximately $124 million in conjunction with the above
mentioned sale. This agreement, which terminates on May 1, 2002, provides for
offsetting payments to the joint venture in the event that 30-day LIBOR exceeds
8.35% per annum. The loans are closed to prepayment in the initial twelve
months, however certain properties in the portfolio may be released during that
period.

    Subsequent to June 30, 2000 and prior to July 28, 2000, in accordance with
our original share repurchase program, we repurchased 1,770,000 shares of common
stock of BCP and certain voting trust interests for approximately
$25.4 million. The repurchase equates to approximately 8.4% of the common stock
outstanding. On July 28, 2000, the Board extended the share repurchase program
for six months to January 28, 2001, authorizing management to utilize up to
$30 million for the repurchase of the common stock of BCP during the extension
period.

CAPITALIZATION

    As of June 30, 2000, our total consolidated debt was approximately
$128.8 million and our total consolidated debt plus our proportionate share of
total unconsolidated debt was approximately $226.7 million. The following table
sets forth certain information regarding our consolidated and unconsolidated
debt obligations, including obligations relating to specific properties. All of
the debt is nonrecourse to us, with certain exceptions such as liability for
fraud, misapplication of insurance proceeds, environmental matters, certain
guarantees for completion of construction and certain limited guarantees for
repayment of principal and interest.

                                       15
<PAGE>

<TABLE>
<CAPTION>
                              PRINCIPAL
                                AMOUNT
                                AS OF           COMPANY'S
                               JUNE 30,         PORTION OF    INTEREST   MATURITY         PREPAYMENT
DEBT                             2000           PRINCIPAL       RATE       DATE           PROVISIONS
----                         ------------      ------------   --------   --------   ----------------------
                              (DOLLAR AMOUNTS IN MILLIONS)
<S>                          <C>               <C>            <C>        <C>        <C>
CONSOLIDATED DEBT
FIXED RATE:
DALLAS OFFICE AND
  INDUSTRIAL PORTFOLIO:
Northcreek Place...........     $  4.2            $  4.2        7.80%    12/1/05    Prepayable subject to
                                                                                    conditions (a)
One Glen Lakes.............        5.5               5.5        7.75%     9/1/05    Prepayable subject to
                                                                                    conditions (b)
Greenville Place...........        3.4               3.4        7.80%    12/1/04    Prepayable subject to
                                                                                    conditions (c)
Plaza at Walnut Hill.......        1.4               1.4        9.00%         (d)   Prepayable subject to
                                                                                    conditions (e)
Richardson Business                1.5               1.5        9.00%         (f)   Prepayable subject to
  Center...................                                                         conditions (g)
Park North Business                1.0               1.0        8.25%         (h)   Prepayable subject to
  Center...................                                                         conditions (i)
T. I. Business Park........        1.5               1.5        9.25%     5/1/02    Prepayable subject to
                                                                                    conditions (j)
                                ------            ------       -----

Subtotal / Weighted Average       18.5              18.5        8.12%
  Fixed Rate Debt..........
                                ------            ------       -----
VARIABLE RATE:
Fort Point Place...........       12.5              12.5        8.54%         (k)   Prepayable subject to
                                                                                    conditions (l)
Interim Financing (m)......       97.8              97.8        9.04%         (n)   Prepayable subject to
                                                                                    conditions (l)
                                ------            ------       -----
Subtotal / Weighted Average      110.3             110.3        8.98%
  Variable Rate Debt.......
                                ------            ------       -----
Subtotal / Weighted Average      128.8             128.8        8.85%
  Consolidated Debt........
                                ------            ------       -----

UNCONSOLIDATED DEBT
VARIABLE RATE:
The Athenaeum Portfolio
  (o)......................      124.0              62.0        9.07%         (p)   Prepayable subject to
                                                                                    conditions (q)
Beacon Capital Strategic
  Partners, L.P. (r).......       57.5              11.5        7.53%    6/30/01    Prepayable subject to
                                                                                    conditions (l)
Mathilda Research Centre...       23.3              20.4        9.44%    10/25/02   Prepayable subject to
                                                                                    conditions (l)
Millennium Tower...........        5.9               4.0        9.14%         (s)   Prepayable subject to
                                                                                    conditions (l)
                                ------            ------       -----
Subtotal / Weighted Average      210.7              97.9        8.97%
  Unconsolidated Debt......
                                ------            ------       -----

Total / Weighted Average...     $339.5            $226.7        8.90%
                                ======            ======       =====
</TABLE>

                                       16
<PAGE>
------------------------

(a) Prepayable after January 1, 2001 subject to a yield maintenance payment
    based on the rate of United States Treasury Notes having a term closest to
    the date of maturity but in no event less than 1% of the then balance.

(b) Prepayable after October 1, 2000 subject to a yield maintenance payment
    based on the rate of United States Treasury Notes having a term closest to
    the date of maturity but in no event less than 1% of the then balance.

(c) Prepayable after January 1, 2002 subject to a yield maintenance payment
    based on the rate of United States Treasury Notes having a term closest to
    the date of maturity but in no event less than 1% of the then balance.

(d) Plaza at Walnut Hill loan matures on July 1, 2017. The lender has the right
    to accelerate the maturity in the sixth, eleventh or sixteenth loan years,
    on six months' notice. No prepayment penalties apply in that event.

(e) Prepayable after June 12, 2002 subject to payment of 5% of the amount
    prepaid, reducing by 1% per annum to a minimum payment of 1% of the amount
    prepaid.

(f) The Richardson Business Center loan matures on November 1, 2021. The lender
    has the right to accelerate the maturity in the sixth, eleventh, sixteenth
    or twenty-first loan years, on six months' notice. No prepayment penalties
    apply in that event.

(g) Prepayable after October 24, 2001 subject to payment of 5% of the amount
    prepaid, reducing by 1% per annum to a minimum prepayment of 1% of the
    amount prepaid.

(h) The Park North Business Center loan matures on October 1, 2022. The lender
    has the right to accelerate the maturity in the sixth, eleventh, sixteenth
    or twenty-first loan years, on six months' notice. No prepayment penalties
    apply in that event.

(i) Prepayable after September 8, 2002 subject to payment of 5% of the amount
    prepaid, reducing by 1% per annum to a minimum prepayment of 1% of the
    amount prepaid.

(j) Prepayable after March 1, 2000 subject to a yield maintenance payment based
    on the rate of United States Treasury Notes having a term closest to the
    date of maturity but in no event less than 2% of the then balance.

(k) The Fort Point Place loan matures on April 1, 2002. The loan may be extended
    for one year if certain conditions are met.

(l) Prepayable any time in whole or in part subject to payment of applicable
    breakage costs and in some cases fees.

(m) The following properties are collateral for the Interim Financing at
    June 30, 2000: 200, 400 and 500 Technology Square, Bank One LBJ, Brandywine
    Place, Crosspoint Atrium, Forest Abrams Place, Richardson Commerce Centre,
    Sherman Tech and Venture Drive Tech Center.

(n) The loan matured June 28, 2000 and pursuant to the terms of the note, we
    exercised our option to extend the maturity date to June 28, 2001.

(o) We hold a 50% interest in the master limited liability company that controls
    the limited liability companies that hold title to The Athenaeum Portfolio.

(p) The Athenaeum Portfolio is encumbered by a first mortgage loan and a
    mezzanine loan. Both loans mature on May 1, 2002 and contain options to
    extend for two additional twelve month periods if certain conditions are
    met.

(q) The loans are closed to prepayment in the initial twelve months, however
    certain properties in the portfolio may be released during that period. The
    loans are prepayable thereafter in whole or in part upon payment of a 0.5%
    prepayment fee in months thirteen to eighteen and prepayable without a fee
    thereafter.

                                       17
<PAGE>
(r) On March 17, 2000, the BCSP interim credit facility was replaced with a
    secured revolving credit facility that matures on June 30, 2001.

(s) The Millennium Tower loan matures on June 1, 2002. The loan may be extended
    for one year if certain conditions are met.

    The following table, which includes both consolidated and unconsolidated
debt, summarizes the scheduled amortization of principal and maturities of the
loans outstanding.

<TABLE>
<CAPTION>
                                                          SCHEDULED
                                                         AMORTIZATION   MATURITIES     TOTAL
                                                         ------------   ----------   ----------
                                                                 (DOLLARS IN THOUSANDS)
<S>                                                      <C>            <C>          <C>
July 1, 2000 -- December 31, 2000......................     $  435       $     --     $    435
2001...................................................        925        109,330      110,255
2002...................................................        573         99,331       99,904
2003...................................................        414             --          414
2004...................................................        422          3,103        3,525
Thereafter.............................................      3,661          8,510       12,171
                                                            ------       --------     --------
    Total..............................................     $6,430       $220,274     $226,704
                                                            ======       ========     ========
</TABLE>

FUNDS FROM OPERATIONS

    We believe that to facilitate a clear understanding of the operating results
of the Company, Funds from Operations ("FFO") should be examined in conjunction
with net income. The definition of FFO was clarified in the National Association
of Real Estate Investment Trusts, Inc. ("NAREIT") White Paper, adopted by the
NAREIT Board of Governors in March 1995 and subsequently clarified in
October 1999, as net income (loss) (computed in accordance with generally
accepted accounting principles), excluding gains (losses) from sales of
properties, plus real estate related depreciation and amortization, and after
adjustments for unconsolidated partnerships and joint ventures. Adjustments for
unconsolidated partnerships and joint ventures will be calculated to reflect FFO
on the same basis. FFO should not be considered as a substitute for net income,
as an indication of our performance, as a substitute for cash flow or as a
measure of our liquidity. The following table presents the calculations of FFO:

<TABLE>
<CAPTION>
                                                                 SIX MONTHS ENDED
                                                                     JUNE 30,
                                                                 2000         1999
                                                              ----------   ----------
                                                              (UNAUDITED, DOLLARS IN
                                                                    THOUSANDS)
<S>                                                           <C>          <C>
Income before gains on sales of real estate, minority
  interest and extraordinary items..........................
                                                                $10,625      $ 6,304
Add real estate related depreciation and amortization:
  Consolidated entities.....................................      3,051        2,203
  Joint venture entities....................................      1,076        1,031
                                                                -------      -------
Funds from operations before minority interest..............     14,752        9,538
Company share of consolidated partnership...................      88.40%       88.40%
                                                                -------      -------
Company funds from operations...............................    $13,041      $ 8,432
                                                                =======      =======
Weighted average number of common shares outstanding (in
  thousands)................................................     20,973       20,974
                                                                =======      =======
</TABLE>

For the periods presented above, our FFO results would be the same using both
the March 1995 and October 1999 definitions.

                                       18
<PAGE>
PROPERTY INFORMATION

    The following table sets forth the Total Area, the Percentage Leased, the
Average Base Rent (as defined below) and the Average Net Effective Rent (as
defined below) per square foot for each of our properties as of June 30, 2000.
Base Rent is gross rent excluding payments by tenants on account of real estate
tax and operating expense escalation charges. Net Effective Rent is Base Rent
adjusted on a straight-line basis for contractual rent step-ups and free rent
periods, plus tenant payments on account of real estate tax and operating
expense escalation charges, less total operating expenses and real estate taxes.

<TABLE>
<CAPTION>
                                                                                     AVERAGE    AVERAGE
                                                                TOTAL        %         BASE     NET EFF
PROPERTY                                                        AREA       LEASED      RENT       RENT
--------                                                      ---------   --------   --------   --------
<S>                                                           <C>         <C>        <C>        <C>
SOUTH BOSTON, MA:
Fort Point Place (1)........................................    145,222      97%      $15.43     $ 9.10
                                                              ---------     ---       ------     ------
  Subtotal / Weighted Average South Boston, MA..............    145,222      97%       15.43       9.10
                                                              ---------     ---       ------     ------

CAMBRIDGE, MA:
One Kendall Square Cinema...................................     31,641     100%       18.29      13.48
Buildings 100--500..........................................    222,372     100%       31.21      22.72
Buildings 600/650/700.......................................    236,661      98%       37.77      26.06
Buildings 1500 & 1700.......................................     39,707      90%       17.41      10.52
Building 1400...............................................    133,211     100%       33.66      21.70
                                                              ---------     ---       ------     ------
  Subtotal / Weighted Average...............................    663,592      99%       32.66      22.58
                                                              ---------     ---       ------     ------

200 Technology Square (2)...................................    156,270     100%       31.53      23.12
400 Technology Square (2)...................................    203,600      90%       35.79      27.99
500 Technology Square (2)...................................    182,250      86%       38.33      30.12
                                                              ---------     ---       ------     ------
  Subtotal / Weighted Average...............................    542,120      92%       35.26      27.13
                                                              ---------     ---       ------     ------
  Subtotal / Weighted Average Cambridge, MA.................  1,205,712      96%       33.78      24.54
                                                              ---------     ---       ------     ------

SUBURBAN DALLAS, TX:
OFFICE
Bank One LBJ................................................     42,000      80%       14.33       6.83
Brandywine Place............................................     66,237      96%       13.93      10.17
Crosspoint Atrium...........................................    220,212      82%       13.79       9.29
Forest Abrams Place.........................................     68,827      89%       14.38       7.71
6500 Greenville Avenue......................................    114,600      82%       14.59       7.74
Northcreek Place II.........................................    163,303      84%       15.49       8.99
One Glen Lakes..............................................    166,272      94%       16.97      13.45
                                                              ---------     ---       ------     ------
  Subtotal / Weighted Average...............................    841,451      86%       14.99       9.76
                                                              ---------     ---       ------     ------

R&D / INDUSTRIAL
Park North Business Center..................................     36,885     100%        8.77       7.07
Plaza at Walnut Hill........................................     88,280      89%        7.87       5.20
Richardson Business Center..................................     66,300     100%        4.51       6.40
Richardson Commerce Centre..................................     60,517      88%        7.37       5.45
Sherman Tech................................................     16,176     100%        7.55       4.98
T I Business Park...........................................     96,902      67%        7.97       6.69
Venture Drive Tech Center...................................    128,322      77%        4.83       3.54
                                                              ---------     ---       ------     ------
  Subtotal / Weighted Average...............................    493,382      84%        6.63       5.42
                                                              ---------     ---       ------     ------
  Subtotal / Weighted Average Suburban Dallas, TX...........  1,334,833      85%       11.96       8.19
                                                              ---------     ---       ------     ------
  Total / Weighted Average Properties.......................  2,685,767      91%      $22.49     $15.98
                                                              =========     ===       ======     ======
</TABLE>

------------------------------

(1) Fort Point Place includes two additional buildings that are not included in
    these figures. The two buildings consist of approximately 190,000 square
    feet of vacant warehouse space. We are currently renovating the warehouse
    space for use as residential condominiums.

(2) Buildings 545, 565 and 575 have been renamed Buildings 200, 400 and 500,
    respectively. The rentable area of Buildings 200, 400 and 500 have been
    modified to reflect re-measurements according to BOMA standards. Buildings
    400 and 500 have undergone substantial renovation and releasing programs.
    Building 549 has been removed from the table because it has been razed and a
    new building of approximately 176,000 square feet is currently being
    developed on its site.

                                       19
<PAGE>
    The following table sets forth Lease Expirations (in square feet) for the
portfolio of properties we owned or had an interest in as of June 30, 2000.

<TABLE>
<CAPTION>
                                             SQUARE     % OF SQUARE    ANNUAL    % ANNUAL      # OF
                                             FEET(1)      FEET(2)     RENT(3)    RENT(4)    TENANTS(5)
                                            ---------   -----------   --------   --------   ----------
                                                                  (IN THOUSANDS)
<S>                                         <C>         <C>           <C>        <C>        <C>
7/1/00 - 12/31/00.........................    290,406       10.8%     $ 5,002       8.6%         70
2001......................................    204,497        7.6%       2,953       5.1%         64
2002......................................    385,351       14.4%       7,776      13.4%         82
2003......................................    372,584       13.9%       7,073      12.2%         79
2004......................................    325,198       12.1%       9,269      16.0%         41
Thereafter................................    855,191       31.8%      25,887      44.7%         65
                                            ---------       ----      -------     -----         ---
  Total...................................  2,433,227       90.6%     $57,960     100.0%        401
                                            ---------       ----      -------     -----         ---
</TABLE>

------------------------

(1) Total area in square feet covered by such leases.

(2) Percentage of total square feet of our portfolio.

(3) Annualized expiring base rental income represented by such leases in the
    year of expiration plus the current tenant payments on account of operating
    expense and real estate tax escalation charges.

(4) Calculated as annual rent divided by the total annual rent.

(5) The number of tenants whose leases will expire.

YEAR 2000 READINESS DISCLOSURE

    The Year 2000 compliance issue concerns the inability of computer systems to
accurately calculate, store or use a date after 1999. The inability of a
computer to properly process dates after 1999 could result in system failures or
miscalculations. Such failures in our computers could lead to disruptions in our
activities and operations. If we fail, or our significant tenants or vendors
fail, to make necessary modifications and conversions on a timely basis to
remedy these problems, the Year 2000 issue could have a material adverse effect
on the Company and its results of operations or financial position. We believe
that our competitors face similar risks in regard to Year 2000.

    We designed and implemented a plan to address Year 2000 issues. We have not
experienced any Year 2000 related issues and we did not incur any material costs
to address Year 2000 compliance.

    The inability of the Company, or our tenants or vendors, to continue to be
Year 2000 compliant could lead to declining occupancy rates, higher operating
expenses and other adverse effects which are not quantifiable at this time. The
failure of any of these parties to continue to be Year 2000 compliant could have
a material adverse effect on our results of operations or financial position.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

    We are exposed to certain financial market risks, the most predominant being
fluctuations in interest rates. Interest rate fluctuations are monitored by
management as an integral part of our overall risk management program, which
recognizes the unpredictability of financial markets and seeks to reduce the
potentially adverse effect on our results of operations. The effect of interest
rate fluctuations historically has been small relative to other factors
affecting operating results, such as rental rates and occupancy.

                                       20
<PAGE>
    The following table summarizes our debt obligations outstanding as of
June 30, 2000. This information should be read in conjunction with Notes 6 and 7
to the consolidated financial statements.

<TABLE>
<CAPTION>
                                                        EXPECTED MATURITY DATE
                       7/1/00-
                       12/31/00     2001       2002       2003       2004     THEREAFTER    TOTAL     FAIR VALUE
                       --------   --------   --------   --------   --------   ----------   --------   ----------
                                                        (DOLLARS IN THOUSANDS)
<S>                    <C>        <C>        <C>        <C>        <C>        <C>          <C>        <C>
Liabilities
DEBT:
---------------------
FIXED RATE...........  $    190   $   404    $ 1,815     $ 414      $3,525      $12,171    $ 18,519    $ 18,519
Weighted Average
  Fixed Interest
  Rate...............      8.1%      8.1%       8.0%      8.0%        8.1%         8.8%        8.3%

VARIABLE RATE........        --   $97,830    $12,500        --          --           --    $110,330    $110,330
Current Variable
  Interest Rate......        --      9.0%       8.5%        --          --           --        9.0%
</TABLE>

                                       21
<PAGE>
                         BEACON CAPITAL PARTNERS, INC.

PART II -- OTHER INFORMATION

Item 1.  Legal Proceedings

    None.

Item 2.  Changes in Securities and Use of Proceeds

    None.

Item 3.  Defaults upon Senior Securities

    None.

Item 4.  Submission of Matters to a Vote of Security Holders

    (a) BCP's 2000 Annual Meeting of Shareholders (the "Annual Meeting") was
held on May 10, 2000.

    (b) At the Annual Meeting, the following individuals were elected to BCP's
Board of Directors as Class II Directors:

<TABLE>
<CAPTION>
                                                              VOTES FOR    VOTES WITHHELD
                                                              ----------   --------------
<S>                                                           <C>          <C>
Lionel P. Fortin............................................  15,864,871              0
Stephen T. Clark............................................  17,554,171              0
</TABLE>

    The following individuals are directors whose term of office as a director
continued after the Annual Meeting:

<TABLE>
<S>                                                           <C>          <C>
Alan M. Leventhal (Class I)
Robert M. Melzer (Class I)
Steven Shulman (Class III)
Scott M. Sperling (Class III)
</TABLE>

    (c) The following additional proposal was considered at the Annual Meeting:

<TABLE>
<CAPTION>
                                                                                     BROKER
                                      VOTES FOR    VOTES AGAINST   VOTES ABSTAIN   NON-VOTES
                                      ----------   -------------   -------------   ----------
<S>                                   <C>          <C>             <C>             <C>
Ratification of the adoption of a
  management incentive plan.........   9,470,080      6,208,548               0        50,659
Ratification of the appointment of
  Ernst & Young LLP as BCP's
  independent accountants for the
  fiscal year ending December 31,
  2000..............................  17,554,171              0         750,000             0
</TABLE>

    (d) None.

Item 5.  Other Information

    None.

Item 6.  Exhibits and Reports on Form 8-K

<TABLE>
        <S>  <C>     <C>
        (a)   3.1    Articles of Incorporation.(1)
              3.2    Certificate of Correction to Articles of Incorporation.(1)
              3.3    Amended and Restated By-laws.(1)
              3.4    Agreement of Limited Partnership of Beacon Capital Partners,
                       L.P.(2)
              3.5    First Amendment to Agreement of Limited Partnership.(2)
             10.1    Employment and Non-Competition Agreement for Alan M.
                       Leventhal.(1)
             10.2    Employment and Non-Competition Agreement for Lionel P.
                       Fortin.(1)
             10.3    Beacon Capital Partners 1998 Stock Option and Incentive
                       Plan.(1)
             10.4    Form of Indemnification Agreement between the Registrant and
                       its directors and executive officers.(1)
             10.5    Purchase and Sale Contract between Eastern Properties Master
                       LLC and the Registrant.(1)
             10.6    Contract of Sale for Bank One Building.(2)
</TABLE>

                                       22
<PAGE>
<TABLE>
        <S>  <C>     <C>
             10.7    Contract of Sale for 6500 Greenville Building.(2)
             10.8    Contract of Sale for North Creek II Building.(2)
             10.9    Contract of Sale for One Glen Lakes Building.(2)
             10.10   Contract of Sale for Crosspoint Atrium Building.(2)
             10.11   Contract of Sale for Brandywine Place Building.(2)
             10.12   Contract of Sale for Forest Abrams Building.(2)
             10.13   Contract of Sale for Sherman Tech Building.(2)
             10.14   Contract of Sale for Venture Tech Building.(2)
             10.15   Contract of Sale for Plaza at Walnut Building.(2)
             10.16   Contract of Sale for Richardson BC Building.(2)
             10.17   Contract of Sale for Park North SC Building.(2)
             10.18   Contract of Sale for TI Business Center.(2)
             10.19   Contract of Sale for Richardson CC Building.(2)
             10.20   Contribution Agreement by and between Luddite Associates and
                       Beacon Capital Partners, L.P.(3)
             10.21   Credit Agreement with Bankers Trust Company.(4)
             10.22   Securities Purchase Agreement by and among Patriot American
                       Hospitality, Inc., Wyndham International, Inc., Beacon
                       Capital Partners, L.P. and the remaining parties named
                       therein.(5)
             10.23   Amendment to Securities Purchase Agreement by and among
                       Patriot American Hospitality, Inc., Wyndham International,
                       Inc., Beacon Capital Partners, L.P. and the remaining
                       parties named therein.(6)
             10.24   Loan Agreement between One Kendall LLC and Cambridge
                       Athenaeum LLC as Borrowers and Secore Financial
                       Corporation as Lender.(7)
             10.25   Loan Agreement between CAMEZZ LLC as Borrower and Secore
                       Financial Corporation as Mezzanine Lender.(7)
             27.     Financial Data Schedule.
</TABLE>

<TABLE>
        <S>  <C>     <C>
        (b)  Current Report on Form 8-K filed April 13, 2000 reporting Item 5
             disclosure.
             Current Report on Form 8-K filed April 24, 2000 reporting disclosure
             under Items 2 and 5.
             Current Report on Form 8-K filed on June 8, 2000 reporting Item 5
             disclosure.
</TABLE>

--------------------------

(1) Previously filed as an exhibit to the Company's Registration Statement on
    Form S-11 (SEC File No. 333-56937) filed with the Commission on June 16,
    1998.

(2) Previously filed as an exhibit to Pre-Effective Amendment No. 1 to the
    Company's Registration Statement on Form S-11 (SEC File No. 333-56937) filed
    with the Commission on August 21, 1998.

(3) Previously filed as an exhibit to Post-Effective Amendment No. 3 to the
    Company's Registration Statement on Form S-11 (SEC File No. 333-56937) filed
    with the Commission on March 29, 1999.

(4) Previously filed as an exhibit to the Company's quarterly report on
    Form 10-Q filed with the Commission on August 16, 1999.

(5) Incorporated by reference to the joint Current Report on Form 8-K filed by
    Wyndham International, Inc. and Patriot American Hospitality, Inc. on
    March 2, 1999.

(6) Incorporated by reference to the Current Report on Form 8-K filed by Wyndham
    International, Inc. on July 13, 1999.

(7) Incorporated by reference to the Company's Current Report on Form 8-K filed
    on April 24, 2000.

                                       23
<PAGE>
                                   SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

<TABLE>
<S>                                                   <C>
                                                      BEACON CAPITAL PARTNERS, INC.

                                                      /s/ RANDY J. PARKER
                                                      ------------------------------------------------
                                                      Randy J. Parker
                                                      Chief Financial Officer (Authorized Officer and
August 10, 2000                                       Principal Accounting Officer)
</TABLE>