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BioMed Realty Trust Reports First Quarter 2013 Financial Results
Date:5/1/2013

elop the 19-acre site, which currently includes seven buildings encompassing approximately 280,000 square feet.
  • Completed a follow-on public offering of common stock, raising approximately $287.0 million in net proceeds.
  • Completed the redemption of all 7,920,000 shares of its Series A preferred stock at $25.30217 per share, equal to the original issuance price of $25.00 per share, plus accrued and unpaid dividends up to the redemption date.
  • Continued to enhance the breadth and depth of the company's organization:
  • Appointed Daniel M. Bradbury, former Chief Executive Officer of Amylin Pharmaceuticals, to its Board of Directors; and
  • Promoted Denis J. Sullivan, Jr. to Vice President, Acquisitions.
  • Entered into a definitive agreement to merge with Wexford Science & Technology, LLC, a private real estate investment and development company that owns and develops institutional quality life science real estate for academic and medical research organizations. Wexford Science & Technology owns approximately 1.6 million square feet of laboratory and office space in U.S. educational and research centers, in addition to three properties under construction expected to comprise approximately 935,000 square feet of rentable space upon completion, as well as other pipeline projects.
  • Subsequent to the end of the quarter:
  • Completed a follow-on public offering of common stock, raising approximately $354.1 million in net proceeds.
  • Entered into a build-to-suit transaction to construct two new buildings pre-leased to Regeneron Pharmaceuticals for a 15 year term totaling approximately 297,000 square feet at The Landmark at Eastview in Tarrytown, New York, and extended Regeneron's lease for approximately 360,500 square feet at The Landmark into 2029.
  • "We continue to enjoy tremendous success on the leasing and operating fronts in the first quarter of 2013, as well as subsequent to quarter
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    SOURCE BioMed Realty Trust, Inc.
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