BioMed Realty Trust Prices Public Offering of 15M Shares at $17.50

BioMed Realty Trust, Inc. BMR today announced the pricing of its public offering of 15,000,000 shares of its common stock at $17.50 per share. The offering is expected to close on or about September 28, 2010. Gross proceeds from the offering will be $262.5 million. BioMed expects to use the net proceeds of the offering to fund a portion of the purchase price of recently announced acquisitions, repay a portion of the outstanding indebtedness under its $720.0 million unsecured line of credit and for other general corporate and working capital purposes. All of the shares are being sold by the company.