IPO Profile

BioMed Property Trust
17140 Bernardo Center Drive, Suite 195, San Diego, California 92128
Tel: 858-485-9840.
Web:
Ticker: BMP
Stock Exchange: New York Stock Exchange
Shares Issued: 27,000,000.00
Price Offered: $15.00
Amount Raised: $405,000,000.00

Underwriters:
Raymond James
Friedman, Billings, Ramsey
KeyBanc Capital Markets
Legg Mason Wood Walker
RBC Capital Markets

Company Description:
We are a Maryland corporation formed in April 2004 to succeed to the business of BPA. We focus on acquiring, owning, leasing, managing and selectively developing office and laboratory space for lease to life science tenants, including biotechnology and pharmaceutical companies, scientific research institutions, government agencies and other entities involved in the life science industry. Immediately before our formation, our senior executive officers were principals or consultants of Bernardo Property Advisors, Inc., a private real estate company, where they were responsible for sourcing, underwriting, managing, repositioning, developing and financing properties suitable for tenants operating in the life science industry. The members of our senior management team have an average of over 15 years of experience in the real estate industry, principally focusing on properties designed for life science tenants. In particular, our Chief Executive Officer, Alan D. Gold, and Executive Vice President, Gary A. Kreitzer, were among the founders of a publicly traded REIT, Alexandria Real Estate Equities, Inc., which specializes in investing in properties suitable for life science tenants. Mr. Gold served as President and a director, and Mr. Kreitzer served as Senior Vice President and In-House Counsel, of Alexandria until late 1998. During their tenure at Alexandria, that company acquired over 40 life science properties, representing more than $385 million in asset value and approximately 3.0 million rentable square feet, completed an initial public offering in 1997, resulting in a market capitalization of approximately $200 million, and saw its market capitalization increase to over $375 million at June 30, 1998. Before his affiliation with Alexandria, Mr. Gold was engaged in sourcing and underwriting commercial real estate mortgages, participating mortgages and joint ventures involving office, research and development, industrial and apartment properties while working with John Burnham & Co., Northland Financial Company and as a founder and senior principal of GoldStone Real Estate Finance.