Blackstone Announces $14.6 Billion Recapitalization of BioMed Realty

NEW YORK–(BUSINESS WIRE)–Blackstone (NYSE: BX) today announced that Blackstone Real Estate Partners VIII L.P. and co-investors have agreed to sell BioMed Realty for $14.6 billion to a group led by existing BioMed investors. This is part of a new long-term, perpetual capital, core+ return strategy managed by Blackstone. BioMed is the largest private owner of life science office buildings in the United States with an 11.3 million square foot portfolio concentrated in the leading innovation mark