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BioMed Realty Trust Promotes Greg Lubushkin to Chief Financial Officer

Wednesday, June 2, 2010 General News J E 4
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SAN DIEGO, June 2 /PRNewswire-FirstCall/ -- BioMed Realty Trust, Inc. (NYSE: BMR) today announced the promotion of Greg Lubushkin to Chief Financial Officer. Mr. Lubushkin has served as the company's Vice President, Chief Accounting Officer since joining BioMed in April 2007.  

"I am very pleased to announce Greg's promotion to Chief Financial Officer," said Kent Griffin, BioMed's President and Chief Operating Officer. "Greg has been an integral member of our management team since his arrival at BioMed in 2007. He has demonstrated skilled leadership, a breadth and depth of financial knowledge and business acumen throughout his tenure as our Chief Accounting Officer. We value his judgment and professionalism, and I look forward to working closely with Greg in his expanded role."

Prior to joining BioMed, Mr. Lubushkin served as Chief Accounting Officer of ECC Capital Corporation and was an audit partner of PricewaterhouseCoopers LLP. Mr. Lubushkin is a member of the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants.

As a result of this promotion, Kent Griffin has relinquished the title of Chief Financial Officer and will retain the titles of President and Chief Operating Officer of BioMed.

About BioMed Realty Trust

BioMed Realty Trust, Inc. is a real estate investment trust (REIT) focused on Providing Real Estate to the Life Science Industry®. The company's tenants primarily include biotechnology and pharmaceutical companies, scientific research institutions, government agencies and other entities involved in the life science industry. BioMed owns or has interests in 73 properties, representing 120 buildings with approximately 11.0 million rentable square feet. The company's properties are located predominantly in the major U.S. life science markets of Boston, San Diego, San Francisco, Seattle, Maryland, Pennsylvania and New York/New Jersey, which have well-established reputations as centers for scientific research. Additional information is available at www.biomedrealty.com.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially.  These risks and uncertainties include, without limitation: general risks affecting the real estate industry (including, without limitation, the inability to enter into or renew leases, dependence on tenants' financial condition, and competition from other developers, owners and operators of real estate); adverse economic or real estate developments in the life science industry or the company's target markets; risks associated with the availability and terms of financing, the use of debt to fund acquisitions and developments, and the ability to refinance indebtedness as it comes due; failure to maintain the company's investment grade credit ratings with the rating agencies; failure to manage effectively the company's growth and expansion into new markets, or to complete or integrate acquisitions and developments successfully; risks and uncertainties affecting property development and construction; risks associated with downturns in the national and local economies, increases in interest rates, and volatility in the securities markets; potential liability for uninsured losses and environmental contamination; risks associated with the company's potential failure to qualify as a REIT under the Internal Revenue Code of 1986, as amended, and possible adverse changes in tax and environmental laws; and risks associated with the company's dependence on key personnel whose continued service is not guaranteed. For a further list and description of such risks and uncertainties, see the reports filed by the company with the Securities and Exchange Commission, including the company's most recent annual report on Form 10-K and quarterly reports on Form 10-Q.  The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE BioMed Realty Trust, Inc.

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