BioMed Realty Trust Reports Third Quarter 2007 Financi...(ss planparticularly the funding of our d...),Health

Date:11/7/2007

ss plan, particularly the funding of our development and redevelopment pipeline. In addition, through the use of interest rate swaps that have the effect of fixing interest rates at historically favorable levels, we have significantly mitigated our near-to-medium term exposure to interest rate risk."

Portfolio Update

During the quarter, the company acquired the following two properties:

-- Pacific Center Boulevard -- two office/laboratory buildings comprising

approximately 67,000 square feet in the Sorrento Valley submarket of

San Diego, California that are now fully leased to Artes Medical, Inc.

-- Forbes Boulevard -- one building comprising approximately 238,000

square feet in the South San Francisco submarket of San Francisco,

California that is fully leased and targeted for future redevelopment

as laboratory/office space

The company, through its joint venture with Prudential Real Estate Investors, disposed of certain non-core assets during the quarter, including 25,000 square feet of retail space and additional developable pad sites in Cambridge, Massachusetts and a laboratory/office building and surrounding land parcels in New Haven, Connecticut.

As of September 30, 2007, BioMed Realty Trust owned or had interests in 103 buildings, located predominantly in the major U.S. life science markets of Boston, San Diego, San Francisco, Seattle, Maryland, Pennsylvania and New York/New Jersey. The company's portfolio was comprised of the following, with its operating portfolio 93.3% leased to 111 tenants, as of September 30, 2007:

Rentable

Square Feet

Operating portfolio 6,626,723

Repositioning and redevelopment properties 1,871,353

Construction in progress
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SOURCE BioMed Realty Trust, Inc. Copyright©2007 PR Newswire. All rights reserved

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