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Blackstone Completes $14.6 Billion Recapitalization of BioMed Realty | Organization & Finance

NEW YORK–(Company WIRE)–Nov 20, 2020–

Blackstone (NYSE: BX) nowadays declared that Blackstone Authentic Estate Companions VIII L.P. and co-traders have done their beforehand declared transaction to market BioMed Realty for $14.6 billion to a group led by existing BioMed investors. This transaction is section of a new very long-phrase, perpetual funds, main+ return system managed by Blackstone.

Morgan Stanley & Co. LLC served as financial advisor to BREP VIII and concluded a “go-shop” method on behalf of BioMed’s promoting buyers.

Citigroup Worldwide Marketplaces Inc., Deutsche Financial institution Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities LLC also served as fiscal advisors to BREP VIII, and Eastdil Secured served as financial advisor to the purchasers. Simpson Thacher & Bartlett LLP served as lawful advisor to Blackstone.

About Blackstone True Estate

Blackstone is a world wide leader in authentic estate investing. Blackstone’s genuine estate business enterprise was started in 1991 and has $174 billion of trader capital under management. Blackstone is one of the biggest assets owners in the environment, possessing and running assets throughout each significant geography and sector, including logistics, multifamily and one-spouse and children housing, place of work, hospitality and retail. Our opportunistic resources look for to receive undermanaged, nicely-located property across the entire world. Blackstone’s Main+ system invests in considerably stabilized authentic estate globally through regional open up-finished cash targeted on substantial-top quality belongings and Blackstone Actual Estate Earnings Trust, Inc. (BREIT), a non-shown REIT that invests in U.S. profits-making belongings. Blackstone Real Estate also operates one particular of the major international true estate credit card debt companies, delivering thorough financing solutions throughout the funds framework and risk spectrum, like management of Blackstone Mortgage Belief (NYSE: BXMT).

BioMed Realty, a Blackstone portfolio business, is the biggest non-public company of authentic estate options to the existence science and know-how industries. BioMed owns and operates high excellent life science genuine estate comprising 11.3 million square feet concentrated in the top innovation markets through the United States and United Kingdom, like Boston/Cambridge, San Francisco, San Diego, Seattle and Cambridge U.K. In addition, BioMed maintains a premier growth platform with 2.3 million sq. ft of Class A qualities in active building to meet up with the developing need of the daily life science sector.


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PUB: 11/20/2020 12:15 PM/DISC: 11/20/2020 12:15 PM

Copyright Business Wire 2020.