BioMed Realty Trust Selling to Blackstone for $8B

San Diego-based BioMed Realty Trust is reportedly getting purchased by The Blackstone Group for $8 billion. This marks an increased appetite in real estate by Blackstone, which is said to be the largest private-equity owner of commercial real estate throughout the world.

BioMed Realty owns 18.8 million square feet of medical real estate throughout the United States and United Kingdom. The company’s San Diego headquarters is in Rancho Bernardo.

Blackstone is the majority owner of Hotel del Coronado. Its other local interests include SeaWorld San Diego and Legoland California Resort in Carlsbad.