Blackstone Closes on BioMed Buy
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The Science Center at Oyster Point and other BioMed properties have traded to Blackstone.
NEW YORK CITY—Blackstone said Wednesday afternoon that affiliates of Blackstone Real Estate Partners VIII LP had closed on the $8-billion acquisition of BioMed Realty Trust. Shares of the San Diego-based healthcare real estate landlord ceased trading on the New York Stock Exchange as of Thursday following the close of the all-cash deal, first announced in October.
The closing, delayed for two days due to Winter Storm Jonas, marks the third major REIT transaction by private equity this week. It followed Starwood Capital Group’s back-to-back closing on its acquisition of more than 23,000 apartments from Equity Residential and privatization of Landmark Apartment Trust in partnership with Milestone Apartment REIT…
