BioMed Realty Trust exploring sale: sources
Move has drawn interest from firms including Blackstone Group
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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 ongoing and there's no guarantee a deal will get done, one of the people said.
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