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BioMed Realty Trust exploring sale: sources

Move has drawn interest from firms including Blackstone Group

Published Thu, Sep 24, 2015 · 09:50 PM
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New York

BIOMED Realty Trust Inc, a landlord with properties catering to biotechnology companies, is exploring a sale and has drawn interest from firms including Blackstone Group LP, according to people familiar with the talks.

The San Diego-based real estate investment trust, with a market value of US$3.9 billion as at Tuesday, is working with Morgan Stanley on a potential deal, said the people, who asked not to be identified because the negotiations are private. Talks are ongo…

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