BioMed Realty Trust

What BioMed Realty Trust does

BioMed Realty is a privately held real estate operator, owned by Blackstone, that provides mission-critical laboratory, research, and innovation office space to life science and technology tenants. As of September 30, 2025, the company operated a portfolio of more than 17 million square feet of Class A properties across six core innovation markets — Boston/Cambridge, San Francisco Bay Area, San Diego, Seattle, Boulder, and Cambridge, UK — with an additional 1.5 million square feet in active construction and roughly 2 million square feet in the development pipeline. The platform is built around four reinforcing offerings: a portfolio of LEED- and Fitwel-certified lab and office campuses (including Gateway of Pacific, Flatiron Park, Seaport Science Center, Dexter Yard, and BioMed@Babraham); the Velocity Labs move-in-ready lab space program for small to mid-sized biotech teams; the Discover Here tenant experience programming series covering wellness, learning, and community-giving events; and the Cove-powered digital tenant portal for building operations and amenity management.

The underlying technology stack combines purpose-built physical infrastructure (specialized lab utilities, fume hoods, high-capacity power and HVAC for vibration-sensitive and data-intensive research) with a third-party AI-enabled tenant experience platform (Cove). BioMed Realty monetizes the portfolio through long-term, multi-year commercial leases with life science, pharmaceutical, medical technology, and technology tenants — including pre-leases and build-to-suit development deals — supplemented by amenity revenue, tenant experience programming, and property management services. Named enterprise tenants include Takeda (600,000 SF, Cambridge), TransMedics (498,000 SF, Somerville), and CordenPharma (64,000 SF, 15-year term, Boulder), with additional tenants ranging from startups (VitriVax, TRIMTECH, Tagomics) to large biotech and technology companies across the six markets.

The company is led by CEO Tim Schoen with a regional operating model split between West Coast (President Jonathan Bergschneider) and East Coast/UK (President William Kane), supported by an executive team covering capital markets, development, asset management, operations, and technology. Sustainability and ESG positioning is a central pillar of the brand, evidenced by a 4-Star GRESB rating, the #1 ranking in the 2024 GRESB Standing Investments Benchmark within Technology/Science in the Americas, BOMA TOBY recognition for Gateway of Pacific, and Fitwel Champion Company status through 2026. Following its take-private, BioMed Realty no longer trades publicly and detailed financial performance is not disclosed.

Name

BioMed Realty Trust

Legal name

BioMed Realty, L.P.

Website

http://www.biomedrealty.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

251–500 employees

Short description

BioMed Realty is a Blackstone-owned private REIT that owns and operates more than 17 million square feet of Class A laboratory and innovation office space for life science and technology tenants across six US and UK innovation markets, offering purpose-built facilities, Velocity Labs move-in-ready suites, and the Discover Here tenant experience program.

Ownership category

akta.pro rank

Product category

Life Science Real Estate

NAICS

Real Estate Property Managers (53131), Lessors of Other Real Estate Property (53119)

SIC

Real Estate Investment Trusts (6798), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Life Sciences/Laboratory Property Management (BPAJAGAL)

akta.pro secondary industries

Life Sciences/Lab Tenant Representation (BPAJALAG), Specialty Real Assets / Niche Strategies (Marinas, Student Housing, Self-Storage, Life Science RE) (FSANAEAO)

Keywords

• Life science real estate
• Laboratory facilities leasing
• Biotech infrastructure
• Lab space REITs
• Commercial property leasing

Headquarters

HQ city

San Diego

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Supply Chain, Personnel, Marketing or Sales, Others

Revenue model

1. Commercial Real Estate Leasing: BioMed Realty generates revenue through long-term leases of laboratory, office, and innovation space to life science and technology tenants. Rental income is the primary revenue stream, with leases typically spanning multi-year terms. Additional revenue derives from amenity services, tenant experience programming, and property management services.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

BioMed Realty is the largest private operator of purpose-built laboratory and office real estate for the life science and technology industries, operating 17+ million square feet across six core innovation markets in the US and UK. The company generates revenue primarily through long-term leases of Class A lab and office space, supplemented by its proprietary Velocity Labs move-in-ready infrastructure, tenant experience programming, and in-house development of custom build-to-suit facilities.

Product overview

BioMed Realty is the largest private operator of world-class real estate for the life science and technology industries, with 17+ million square feet across the US and UK. The company operates a platform-plus-services model comprising: (1) Core Properties - a portfolio of LEED-certified and Fitwel-certified lab/office buildings in key innovation markets (Bay Area, Boston/Cambridge, Boulder, San Diego, Seattle, Cambridge UK); (2) Velocity Labs - purpose-built, move-in ready lab spaces with specialized infrastructure for life science teams; (3) Discover Here - tenant experience program with wellness, social, educational, and community programming; (4) Tenant Portal - Cove-powered digital hub for building management, amenity booking, and community engagement; and (5) Development Platform - in-house capabilities for custom build-to-suit projects. Notable properties include Gateway of Pacific (2.3M SF, South San Francisco), Seaport Science Center (492K SF, Boston), Dexter Yard (567K SF, Seattle), and Flatiron Park (1.1M SF, Boulder).

Differentiator

Problem solved

Functional benefit

Brands

• Velocity Labs: Move-in ready lab space offering for small to mid-sized life science teams with purpose-built infrastructure and flexible layouts.

Products and services

• Velocity Labs Move-in-ready laboratory space with purpose-built infrastructure designed for small to mid-sized life science teams. Includes fume hoods, benches, tissue rooms, and specialized lab equipment, enabling biotech companies to begin research immediately without customization delays. Available across multiple BioMed properties including Pacific Research Center, BioMed@Babraham, University Science Center, 5555 Central Avenue, and Dexter Yard.
• Gateway of Pacific Premier 2.287 million SF, 10-building life science campus anchoring South San Francisco's biotech cluster. Features LEED Platinum certification (GOP I and Traverse), LEED Gold (GOP II and GOP V), Fitwel certifications, 5.5 acres of green space, The Forum 20,000 SF conference center, fitness center, wellness spa, and Omakase World Market culinary destination.
• Dexter Yard South Lake Union's newest life science and innovation campus in Seattle offering 567,000 SF across 15 floors of modern lab and office space with Velocity Labs infrastructure. Features LEED Gold certification, Fitwel 2-Star certification, rooftop deck, The Fieldhouse greenspace, on-site cafes, and community-centric design with retail. Received the Golden Dumpster Award in 2024.
• Seaport Science Center Approximately 492,000 SF next-generation lab and office campus in Boston's Seaport District with LEED Platinum certification and Fitwel 2-Stars rating. Features Velocity Labs move-in-ready suites, glass-enclosed six-story atrium, rooftop garden with walking trail, and reused 94.5% of existing building structure.
• BioMed@Babraham Premier 134,000 SF life science campus within the UK leading bioscience research hub at Babraham Research Campus near Cambridge. Features three flexible lab and office buildings, BREEAM Excellent rating, onsite solar, EV charging stations, and world-class research co-located with the Babraham Institute.
• Flatiron Park 1,131,000 SF life science and innovation campus in Boulder, Colorado housing multiple tenants across purpose-built lab and office space. Hosts the COQI open-access quantum timing validation testbed and the East & Co. market hall amenity developed in partnership with Working Title Food Group and EVG Hospitality.
• Tenant Portal (Powered by Cove) AI-powered unified digital platform for tenant experience, building operations, visitor management, and portfolio intelligence, powered by Cove. Enables real-time building updates, amenity booking (shared spaces, bikes, fitness centers, conference rooms), maintenance requests, event RSVP, and community engagement. Accessed via mobile app downloaded from App Store or Google Play.
• BioMed Realty Development Platform In-house development capabilities managing state-of-the-art design and construction projects from start to finish to meet tenant specifications, including 2 million SF shaping the labs of tomorrow with laboratories, offices, and creative environments built in partnership with tenants. Used for build-to-suit facilities such as the 600,000 SF Takeda One Cambridge campus at 385 Kendall Street.

Quantifiable outcome

• Top ranking in GRESB 2024 Standing Investments Benchmark within Technology/Science sector in the Americas
• +3 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Eight partnerships are on record, tiered strategic, minor and core.

• Omakase Restaurant GroupstrategicStrategic or Co-development Partner · 16 June 2026Omakase Restaurant Group operates Omakase World Market, a 50,000 SF culinary and lifestyle destination at BioMed Realty's Gateway of Pacific campus in South San Francisco. The market features six distinct restaurant concepts along with a bar, lounge, wellness center, and entertainment amenities, serving the life sciences community and surrounding neighborhood.
• BNBuildersminorImplementation/ SI/ Consulting Partner · 9 June 2026BNBuilders served as the general contractor for the East & Co. hospitality space renovation at BioMed Realty's Flatiron Park in Boulder, Colorado. Gensler provided architectural design services for the 17,000 SF project.
• GenslerminorImplementation/ SI/ Consulting Partner · 9 June 2026Gensler served as the architect and designer for East & Co., the new restaurant, bar, and amenity space at BioMed Realty's Flatiron Park in Boulder, Colorado.
• Working Title Food GroupstrategicStrategic or Co-development Partner · 7 May 2026Working Title Food Group, Boulder's acclaimed hospitality and restaurant collective, partnered with BioMed Realty to open East & Co., a market hall, social venue, and community hub at BioMed's Flatiron Park campus in Boulder. Working Title Food Group provides all-day dining, retail market, and hospitality programming.
• EVG HospitalitycoreStrategic or Co-development Partner · 7 May 2026EVG Hospitality, a Boulder-based hospitality management firm, partnered with BioMed Realty and Working Title Food Group to operate East & Co. market hall and community hub at Flatiron Park, providing hospitality management expertise.
• Colorado Quantum Incubator (COQI)strategicStrategic or Co-development Partner · 22 April 2026COQI announced development of the nation's first open-access third-party validation testbed for quantum timing technologies at BioMed Realty's Flatiron Park in Boulder. BioMed provides the real estate infrastructure for the testbed, enabling companies, research institutions, and government agencies to test precision timing technologies using Xairos Systems' Quantum Time Transfer technology.
• Xairos SystemscoreTechnology or Integration · 22 April 2026Xairos Systems provides its Quantum Time Transfer technology for the COQI testbed at BioMed Realty's Flatiron Park, enabling companies and government agencies to test and demonstrate precision timing technologies in a real-world environment.
• CovecoreTechnology or IntegrationBioMed Realty partnered with Cove to provide a unified AI-powered digital tenant portal across its portfolio. The Cove platform powers tenant experience, building operations, amenity booking, maintenance requests, event RSVP, and portfolio intelligence for BioMed Realty's properties.

Scale indicators17 records

Recent moves7 records

Expansion highlights5 records

Others

• Cushman & Wakefield: Cushman & Wakefield is a global commercial real estate services firm that provides leasing, capital markets, and advisory services to life science landlords and tenants. It is an ecosystem participant adjacent to BioMed's leasing and investment activities rather than a direct competitor.
• Tishman Speyer: Tishman Speyer is a global real estate owner, developer, and operator with significant office, life science (via Breakthrough Properties), and mixed-use exposure. It is a thematically adjacent competitor and co-developer in life science real estate with overlap in target markets and tenant base.

Direct peers

• Breakthrough Properties: Breakthrough Properties is a life science real estate venture between Tishman Speyer and Bellco Capital that develops and operates lab-enabled life science buildings in key US markets. It is a directly comparable niche life science real estate platform to BioMed Realty, with overlap in target markets and tenant base.
• Longfellow Real Estate Partners: Longfellow is a private life science real estate owner and developer focused on providing specialized lab and innovation space to biotech companies. It competes directly with BioMed Realty for life science tenants in the same US innovation hubs and offers similar purpose-built, infrastructure-rich facilities.
• Alexandria Real Estate Equities: Alexandria Real Estate Equities is the largest publicly traded life science REIT and BioMed Realty's most direct competitor. Both companies own and develop Class A laboratory and life science campuses concentrated in the same top-tier innovation markets (Boston/Cambridge, San Francisco Bay Area, San Diego, Seattle) and serve the same enterprise biotech and pharma tenant base.
• IQHQ: IQHQ is a life science real estate developer with flagship projects in San Diego (RaDD) and Boston, providing purpose-built lab and office space to biotech and life science tenants. It is a direct competitor to BioMed Realty in the same innovation submarkets and serves an overlapping tenant base.

Broad incumbents

• Ventas: Ventas is a large healthcare-focused REIT with a diversified medical office and life science real estate portfolio. While broader in scope, its life science and MOB strategy overlaps with elements of BioMed's tenant base and capital allocation approach.
• Boston Properties (BXP): Boston Properties is a premier publicly traded office REIT with significant exposure to BioMed's core markets (Boston/Cambridge, San Francisco Bay Area). While primarily a Class A office landlord, BXP increasingly competes for life science and innovation tenants in the same submarkets where BioMed operates.
• Healthpeak Properties: Healthpeak Properties is a diversified healthcare real estate REIT with meaningful life science and medical office exposure, including lab and innovation campuses. While it is a broader healthcare real estate platform, its life science portfolio competes with BioMed for biotech tenants and capital.
• Kilroy Realty: Kilroy Realty is a West Coast-focused office REIT with a substantial life science conversion and development pipeline in San Francisco, South San Francisco, and San Diego. It competes with BioMed for life science tenants in overlapping California markets and represents a broader commercial real estate incumbent moving into the life science niche.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/137572
• Xx.com/BioMedRealty

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BioMed Realty Trust