BioMed Realty Trust exploring sale: sources

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.