SAN DIEGO, Aug. 6 /PRNewswire-FirstCall/ -- BioMed Realty Trust, Inc. (NYSE: BMR), The Leading Provider of Real Estate to the Life Science Industry(R), announced today that its board of directors and corporate officers will ring The Closing Bell(R) at the New York Stock Exchange on Thursday, August 6, 2009 at 4:00 p.m. Eastern Time to commemorate the fifth anniversary of the company's initial public offering. The ceremony will take place at the New York Stock Exchange, 11 Wall Street in New York City. BioMed's founders, Alan D. Gold, Chairman and Chief Executive Officer, and Gary A. Kreitzer, Executive Vice President, General Counsel and Director, will preside over the ringing of The Closing Bell(R).
"This is a great day for our team," said Mr. Gold. "Through their hard, smart work, our industry-leading team of professionals, now over 125 strong, has consistently produced results well beyond the initial expectations we had on that first day of trading in 2004, when we owned interests in just five properties, representing less than 400,000 square feet and generating less than $12 million in annualized base rents. Today, five years later, we have assembled the industry-leading portfolio of life science real estate, including 69 properties representing 10.5 million square feet and roughly $280 million in annualized base rents. While we are pleased with our progress to date, we are even more excited about the future for BioMed and the opportunity we see to create value for our shareholders, building on the strong foundation that we have established."
Mr. Gold further noted, "We are very encouraged by the significant volume of partnership transactions and capital raising we have observed in the life science industry over the last several months, particularly within our tenant portfolio. And while we
|SOURCE BioMed Realty Trust, Inc.|
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